Dover, DE - House Price Index (HPI)
Dover Real Estate Market Forecast
The House Price Index (HPI) shows changes in Dover, DE 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.
Dover Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  27683
3rd Quarter, 2017 Housing Statistics: Dover, Delaware


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      80%

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 Dover housing market for the 12
months ending with the 3rd Quarter of 2018 is DOWN. The Accuracy of the
Trend Projection for Dover is 80%. In other words, when tested against
historical data, the forecasting methodology was correct 80% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for falling house
prices in Dover is 80% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 3rd Quarter of 2018 than they were in
the 3rd Quarter of 2017. Check this page each quarter for updates to the
Dover Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      78%

The forecast for the trend in the Dover housing market for the 3 years ending
with the 3rd Quarter of 2020 is DOWN. The Accuracy of the Trend Prediction
for Dover is 78%. In other words, when tested against historical data, the
forecasting methodology was correct 78% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for falling house prices in
Dover is 78% during this period. If this Housing Market Forecast is correct,
home values will be lower in the 3rd Quarter of 2020 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Dover Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Dover, Delaware


Historical Home Price Appreciation
Last Quarter                                     -1.00%
Last Year . . . . . . . . . . . . . . . . . . . .  -1.6%
Last 5 Years                                     11%
Last 10 Years . . . . . . . . . . . . . . . . . -14%
Last 20 Years                                   70%
Decline From All Time High               14.49%


Annual Home Price Appreciation Rates
1987        n/a
1988      9.34%
1989      6.73%
1990      3.47%
1991      5.83%
1992      1.11%
1993      1.55%
1994      -3.75%
1995      3.77%
1996      2.74%
1997      2.47%
1998      1.87%
1999      1.91%
2000      1.63%
2001      7.28%
2002      5.60%
2003      7.56%
2004      15.47%
2005      16.32%
2006      9.99%
2007      -0.03%
2008      -5.14%
2009      -7.22%
2010      -5.23%
2011      -4.31%
2012      -1.77%
2013      0.46%
2014      1.97%
2015      4.07%
2016      3.67%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -1.00%        Rank: 348 of 381 (8th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -1.6%          Rank: 367 of 381 (3rd Percentile)
Last 5 Years                              11%            Rank: 276 of 381 (27th Percentile)
Last 10 Years  . . . . . . . . . . . .   -14%           Rank: 358 of 381 (6th Percentile)
Last 20 Years                            70%            Rank: 237 of 379 (37th Percentile)
Decline From All Time High        14.49%

The change in home prices for Dover, DE are shown above for five time
periods. For example: Dover appreciated -1.00% in the Last Quarter. At that
rate, the Dover Real Estate Market was ranked 348th out of 381 metropolitan
Real Estate Markets. Dover was in the 8th percentile. So Dover, DE performed
better in the Last Quarter than 8% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Dover, Delaware

The all time high in the Dover Home Price Index was 210.3 in the 1st Quarter, of
2007. The 3rd Quarter, 2017 index value was 179.8. That's a decline of 30.48
points or 14.49% below the Dover Home Price Index all time high.  The Home
Price Index indicates that the Dover Market is down 14% over the last 10 years.
Home Prices in the Dover Real Estate Market have lost 1.58% over the last 12
months. Over the last thirty years, it is up 126%.

The 3rd Quarter index value was 1.82 points lower than the 2nd Quarter, 2017
index value of 181.62, resulting in a 1.00% decline for the 3rd Quarter in the
Dover Market.

The Dover Home Price Index has declined for the last 2 consecutive quarters.
The current record holder for consecutive declines in the Home Price Index is
Carbondale, IL, with declines in the last 3 consecutive quarters. 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 25 consecutive
quarters.

The highest annual change in the value of houses in the Dover Real Estate
Market was 22% in the twelve months ended with the 2nd Quarter of 2005. The
worst annual change in home values  in the Dover Market was -10% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Dover Real Estate Market over a
three year period was 50% in the three years ended with the 3rd Quarter of
2006. The worst performance over a three year period in the Dover Market was
-19% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Dover Home Price Index (above).
For information about Delaware 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 Dover 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 Dover 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 Dover 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
3rd Quarter, 2017 Housing Data: Dover, Delaware

The trend of Dover 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 3rd Quarter of 2017, Dover Home Prices had a rank of 348, with
appreciation of -1.00%. The top performing real estate market during the 3rd
Quarter was Pine Bluff, AR, with a rise of 7.86%. The worst market during that
period was Weirton, OH, with appreciation of -9.33%.
The median for all cities during the 3rd Quarter was 1.52%. The average for all
markets during the quarter was 1.39%.

Last Year:
During the last 12 months, Dover Home Prices had a rank of 367, with
appreciation during the year of -1.58%. The top performing market during the
last year was Seattle, WA, with an increase of 14.2%. The worst real estate
market during that period was Lawton, OK, with appreciation of -7.3%.
The median for all markets during this period was 5.41%. The average was
5.42%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2017, Dover Home Prices
ranked 276, with a total appreciation of 11.2%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 95%.
The worst market during that period was Lawton, OK, with appreciation of -7%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2017, Dover Home Prices had
a rank of 358, with appreciation during the decade of -14%. The top performing
market during the period was Denver, CO, with a rise of 63%. The worst real
estate market during the 10 year time period was Atlantic City, NJ, with
appreciation of -28%.
The median for all markets during the last 10 years was 5%. The average for
the cities over that time frame was 7%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2017, Dover Home Prices had
a rank of 237, with total growth over the 20 year period of 70%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 283%. The worst market during the last 20 years was Mansfield,
OH, with appreciation of 20%.
The median for all cities during the last 20 years was 80%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Dover Real Estate
Market is available back to the 3rd Quarter, of 1987. All calculations are based
on the quarterly value of the House Price Index for Dover. 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 Tuesday, December 19, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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