Elizabethtown, KY - House Price Index (HPI)
Elizabethtown Real Estate Market Forecast
The House Price Index (HPI) shows changes in Elizabethtown, KY 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.
Elizabethtown Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  1069.56
1st Quarter, 2018 Housing Statistics: Elizabethtown, Kentucky


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      76%

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 Elizabethtown housing market for the
12 months ending with the 1st Quarter of 2019 is UP. The Accuracy of the
Trend Projection for Elizabethtown 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 Elizabethtown is 76% during this period. If this Housing Market
Forecast is correct, home prices will be higher in the 1st Quarter of 2019 than
they were in the 1st Quarter of 2018. Check this page each quarter for updates
to the Elizabethtown Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      70%

The forecast for the trend in the Elizabethtown housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Elizabethtown is 70%. In other words, when tested against
historical data, the forecasting methodology was correct 70% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Elizabethtown is 70% during this period. If this Housing Market
Forecast is correct, home values will be higher in the 1st Quarter of 2021 than
they were in the 1st Quarter of 2018. Check this page each quarter for updates
to the Elizabethtown Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Elizabethtown, Kentucky


Historical Home Price Appreciation
Last Quarter                                     2.09%
Last Year . . . . . . . . . . . . . . . . . . . .  2.2%
Last 5 Years                                     9%
Last 10 Years . . . . . . . . . . . . . . . . . 7%
Last 20 Years                                   68%
Decline From All Time High               0.12%


Annual Home Price Appreciation Rates
1988        n/a
1989        n/a
1990        n/a
1991        n/a
1992        n/a
1993        n/a
1994      3.40%
1995      7.97%
1996      4.09%
1997      2.91%
1998      5.21%
1999      3.66%
2000      2.65%
2001      6.34%
2002      3.92%
2003      3.39%
2004      7.88%
2005      4.21%
2006      6.65%
2007      2.26%
2008      -0.94%
2009      -1.58%
2010      4.54%
2011      -0.89%
2012      0.27%
2013      -2.13%
2014      -0.73%
2015      3.67%
2016      1.20%
2017      3.33%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.09%         Rank: 112 of 381 (70th Percentile)
Last Year  . . . . . . . . . . . . . . . .  2.2%           Rank: 328 of 381 (13th Percentile)
Last 5 Years                              9%              Rank: 318 of 381 (16th Percentile)
Last 10 Years  . . . . . . . . . . . .   7%              Rank: 193 of 381 (49th Percentile)
Last 20 Years                            68%            Rank: 236 of 379 (37th Percentile)
Decline From All Time High        0.12%

The change in home prices for Elizabethtown-Fort Knox, KY are shown above
for five time periods. For example: Elizabethtown appreciated 2.09% in the Last
Quarter. At that rate, the Elizabethtown Real Estate Market was ranked 112th
out of 381 metropolitan Real Estate Markets. Elizabethtown was in the 70th
percentile. So Elizabethtown, KY performed better in the Last Quarter than 70%
of the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Elizabethtown, Kentucky

The all time high in the Elizabethtown Home Price Index was 190.8 in the 2nd
Quarter, of 2017. The 1st Quarter, 2018 index value was 190.6. That's a
decline of 0.22 points or 0.12% below the Elizabethtown Home Price Index all
time high.  The Home Price Index indicates that the Elizabethtown Market is up
7% over the last 10 years. Home prices in the Elizabethtown Real Estate Market
have gained 2.17% over the last 12 months.

The 1st Quarter index value was 3.90 points higher than the 4th Quarter, 2017
index value of 186.65, resulting in a 2.09% rise in the 1st Quarter for the
Elizabethtown Market.

The Elizabethtown Home Price Index has increased for the last 2 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 27 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Tallahassee, FL; Syracuse, NY; Sioux City,
IA; Shreveport, LA and Peoria, IL, with declines in the last 3 consecutive
quarters.

The highest annual change in the value of houses in the Elizabethtown Real
Estate Market was 8% in the twelve months ended with the 3rd Quarter of 1998.
The worst annual change in home values  in the Elizabethtown Market was -4%
in the twelve months ended with the 3rd Quarter of 2013.

The highest growth in home values in the Elizabethtown Real Estate Market
over a three year period was 20% in the three years ended with the 3rd Quarter
of 2006. The worst performance over a three year period in the Elizabethtown
Market was -4% in the three years ended with the 3rd Quarter of 2013.

This page provides a long term graph of the Elizabethtown Home Price Index
(above). For information about Kentucky 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 Elizabethtown 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 Elizabethtown 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 Elizabethtown 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
1st Quarter, 2018 Housing Data: Elizabethtown, Kentucky

The trend of Elizabethtown 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 1st Quarter of 2018, Elizabethtown Home Prices had a rank of 112,
with appreciation of 2.09%. The top performing real estate market during the
1st Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market during
that period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, Elizabethtown Home Prices had a rank of 328, with
appreciation during the year of 2.17%. The top performing market during the
last year was Boise City, ID, with an increase of 15.3%. The worst real estate
market during that period was Farmington, NM, with appreciation of -6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Elizabethtown Home
Prices ranked 318, with a total appreciation of 9.0%. The top performing real
estate market during the 5 year period was Reno, NV, with a growth in value of
90%. The worst market during that period was Farmington, NM, with
appreciation of -4%.
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 1st Quarter of 2018, Elizabethtown Home
Prices had a rank of 193, with appreciation during the decade of 7%. The top
performing market during the period was Denver, CO, with a rise of 69%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -26%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Elizabethtown Home
Prices had a rank of 236, with total growth over the 20 year period of 68%. The
top performing real estate market during the period was San Francisco, CA,
with an increase of 282%. The worst market during the last 20 years was
Rockford, IL, 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 88%.

Historical research data on the Home Price Index for the Elizabethtown Real
Estate Market is available back to the 1st Quarter, of 1994. All calculations are
based on the quarterly value of the House Price Index for Elizabethtown. 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, June 20, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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