Cumberland, MD - House Price Index (HPI)
Cumberland Real Estate Market Forecast
The House Price Index (HPI) shows changes in Cumberland, MD-WV single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis, statistics
and appreciation rates are provided below.
Cumberland Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  285.56
4th Quarter, 2017 Housing Statistics: Cumberland, Maryland


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      67%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Cumberland housing market for the 12
months ending with the 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Cumberland is 67%. In other words, when tested against historical
data, the forecasting methodology was correct 67% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Cumberland is 67% during this period. If this Housing Market Forecast is
correct, home prices will be higher in the 4th Quarter of 2018 than they were in
the 4th Quarter of 2017. Check this page each quarter for updates to the
Cumberland Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      76%

The forecast for the trend in the Cumberland housing market for the 3 years
ending with the 4th Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Cumberland is 76%. In other words, when tested against historical
data, the forecasting methodology was correct 76% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Cumberland is 76% during this period. If this Housing Market Forecast is
correct, home values will be higher in the 4th Quarter of 2020 than they were in
the 4th Quarter of 2017. Check this page each quarter for updates to the
Cumberland Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Cumberland, Maryland


Historical Home Price Appreciation
Last Quarter                                     3.55%
Last Year . . . . . . . . . . . . . . . . . . . .  4.9%
Last 5 Years                                     5%
Last 10 Years . . . . . . . . . . . . . . . . . -5%
Last 20 Years                                   67%
Decline From All Time High               5.58%


Annual Home Price Appreciation Rates
1988        n/a
1989        n/a
1990        n/a
1991        n/a
1992        n/a
1993        n/a
1994        n/a
1995      -1.06%
1996      0.11%
1997      8.55%
1998      4.52%
1999      -2.54%
2000      2.95%
2001      4.55%
2002      5.88%
2003      2.79%
2004      7.69%
2005      16.57%
2006      10.48%
2007      6.38%
2008      0.68%
2009      -5.61%
2010      -2.19%
2011      -1.77%
2012      -0.63%
2013      -0.11%
2014      -6.09%
2015      -2.80%
2016      9.57%
2017      4.87%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              3.55%         Rank: 21 of 381 (94th Percentile)
Last Year  . . . . . . . . . . . . . . . .  4.9%           Rank: 217 of 381 (43rd Percentile)
Last 5 Years                              5%              Rank: 352 of 381 (7th Percentile)
Last 10 Years  . . . . . . . . . . . .   -5%            Rank: 312 of 381 (18th Percentile)
Last 20 Years                            67%            Rank: 243 of 379 (35th Percentile)
Decline From All Time High        5.58%

The change in home prices for Cumberland, MD-WV are shown above for five
time periods. For example: Cumberland appreciated 3.55% in the Last Quarter.
At that rate, the Cumberland Real Estate Market was ranked 21st out of 381
metropolitan Real Estate Markets. Cumberland was in the 94th percentile. So
Cumberland, MD performed better in the Last Quarter than 94% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Cumberland, Maryland

The all time high in the Cumberland Home Price Index was 178.2 in the 4th
Quarter, of 2008. The 4th Quarter, 2017 index value was 168.2. That's a
decline of 9.95 points or 5.58% below the Cumberland Home Price Index all time
high.  The Home Price Index indicates that the Cumberland Market is down 5%
over the last 10 years. Home prices in the Cumberland Real Estate Market have
gained 4.87% over the last 12 months.

The 4th Quarter index value was 5.77 points higher than the 3rd Quarter, 2017
index value of 162.46, resulting in a 3.55% rise in the 4th Quarter for the
Cumberland Market.

The Cumberland Home Price Index increased in the last quarter after falling in
the previous quarter. The current record holders for consecutive increases in
the Home Price Index are Phoenix, AZ; Houston, TX and Boise City, ID, with
increases in the last 26 consecutive quarters. The current record holders for
consecutive declines in the Home Price Index are Victoria, TX; Topeka, KS;
Texarkana, TX-AR; Springfield, MA and Peoria, IL, with declines in the last 2
consecutive quarters.

The highest annual change in the value of houses in the Cumberland Real
Estate Market was 18% in the twelve months ended with the 1st Quarter of
1995. The worst annual change in home values  in the Cumberland Market was
-7% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Cumberland Real Estate Market over
a three year period was 40% in the three years ended with the 2nd Quarter of
2007. The worst performance over a three year period in the Cumberland
Market was -9% in the three years ended with the 4th Quarter of 2011.

This page provides a long term graph of the Cumberland Home Price Index
(above). For information about Maryland home values, click Real Estate Market
Forecasts in the navigation bar at the top of this page.  You'll see long term
charts and analysis that will provide tremendous insight into the historical trends
of residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Cumberland Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Cumberland Market. The terms House Price Index and Home Price Index, as
used in this site, refer to the Federal Housing Finance Agency (FHFA) House
Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Cumberland Real Estate Market and
hundreds of other cities. As a result, Home Price data is not available for a
number of months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
4th Quarter, 2017 Housing Data: Cumberland, Maryland

The trend of Cumberland Home Prices relative to 380 other metropolitan areas
is detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period.

Last Quarter:
During the 4th Quarter of 2017, Cumberland Home Prices had a rank of 21,
with appreciation of 3.55%. The top performing real estate market during the
4th Quarter was Gadsden, AL, with a rise of 13.11%. The worst market during
that period was Hinesville, GA, with appreciation of -6.79%.
The median for all cities during the 4th Quarter was 0.75%. The average for all
markets during the quarter was 0.69%.

Last Year:
During the last 12 months, Cumberland Home Prices had a rank of 217, with
appreciation during the year of 4.87%. The top performing market during the
last year was Sebastian, FL, with an increase of 16.4%. The worst real estate
market during that period was Goldsboro, NC, with appreciation of -6.9%.
The median for all markets during this period was 5.37%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2017, Cumberland Home Prices
ranked 352, with a total appreciation of 4.8%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 94%.
The worst market during that period was Goldsboro, NC, with appreciation of
-5%.
The median for all cities during this time period was 19%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2017, Cumberland Home
Prices had a rank of 312, with appreciation during the decade of -5%. The top
performing market during the period was Denver, CO, with a rise of 65%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -27%.
The median for all markets during the last 10 years was 7%. The average for
the cities over that time frame was 8%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2017, Cumberland Home
Prices had a rank of 243, with total growth over the 20 year period of 67%. The
top performing real estate market during the period was San Francisco, CA,
with an increase of 280%. The worst market during the last 20 years was
Saginaw, MI, with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Cumberland Real
Estate Market is available back to the 3rd Quarter, of 1994. All calculations are
based on the quarterly value of the House Price Index for Cumberland. Real
estate appreciation figures represent total net increase or decrease over each
time period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Wednesday, March 21, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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