Elkhart, IN - House Price Index (HPI)
Elkhart Real Estate Market Forecast
The House Price Index (HPI) shows changes in Elkhart-Goshen, IN 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.
Elkhart Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  308.56
4th Quarter, 2017 Housing Statistics: Elkhart, Indiana


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      84%

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 Elkhart housing market for the 12
months ending with the 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Elkhart is 84%. In other words, when tested against historical
data, the forecasting methodology was correct 84% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Elkhart is 84% 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 Elkhart Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      85%

The forecast for the trend in the Elkhart housing market for the 3 years ending
with the 4th Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Elkhart is 85%. In other words, when tested against historical data, the
forecasting methodology was correct 85% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Elkhart is 85% 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 Elkhart Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Elkhart, Indiana


Historical Home Price Appreciation
Last Quarter                                     2.10%
Last Year . . . . . . . . . . . . . . . . . . . .  9.0%
Last 5 Years                                     26%
Last 10 Years . . . . . . . . . . . . . . . . . 15%
Last 20 Years                                   52%



Annual Home Price Appreciation Rates
1988      4.57%
1989      3.96%
1990      1.17%
1991      3.64%
1992      3.79%
1993      4.23%
1994      4.27%
1995      6.48%
1996      5.28%
1997      4.98%
1998      3.62%
1999      2.12%
2000      4.56%
2001      4.20%
2002      1.99%
2003      3.73%
2004      3.63%
2005      3.56%
2006      1.54%
2007      -0.08%
2008      -1.83%
2009      -5.51%
2010      -0.04%
2011      -2.45%
2012      0.73%
2013      1.28%
2014      3.82%
2015      4.46%
2016      5.18%
2017      9.01%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.10%         Rank: 69 of 381 (82nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  9.0%           Rank: 74 of 381 (80th Percentile)
Last 5 Years                              26%            Rank: 133 of 381 (65th Percentile)
Last 10 Years  . . . . . . . . . . . .   15%            Rank: 106 of 381 (72nd Percentile)
Last 20 Years                            52%            Rank: 306 of 379 (19th Percentile)


The change in home prices for Elkhart-Goshen, IN are shown above for five
time periods. For example: Elkhart appreciated 2.10% in the Last Quarter. At
that rate, the Elkhart Real Estate Market was ranked 69th out of 381
metropolitan Real Estate Markets. Elkhart was in the 82nd percentile. So
Elkhart, IN performed better in the Last Quarter than 82% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Elkhart, Indiana

The data and analysis on this page pertains to Elkhart-Goshen, IN, hereinafter
referred to as "Elkhart". The all time high in the Elkhart Home Price Index was
176.6 in the 4th Quarter, of 2017.  The Home Price Index indicates that the
Elkhart Market is up 15% over the last 10 years. Home prices in the Elkhart
Real Estate Market have gained 9.01% over the last 12 months. Over the last
thirty years, it is up 131%.

The 4th Quarter index value was 3.63 points higher than the 3rd Quarter, 2017
index value of 172.98, resulting in a 2.10% rise in the 4th Quarter for the
Elkhart Market.

The Elkhart Home Price Index has increased for the last 4 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 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 Elkhart Real Estate
Market was 12% in the twelve months ended with the 3rd Quarter of 1986. The
worst annual change in home values  in the Elkhart Market was -8% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Elkhart Real Estate Market over a
three year period was 27% in the three years ended with the 1st Quarter of
1987. The worst performance over a three year period in the Elkhart Market
was -13% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Elkhart Home Price Index (above).
For information about Indiana 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 Elkhart 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 Elkhart 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 Elkhart 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: Elkhart, Indiana

The trend of Elkhart 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. The data and analysis on this page pertains
to Elkhart-Goshen, IN, hereinafter referred to as "Elkhart".

Last Quarter:
During the 4th Quarter of 2017, Elkhart Home Prices had a rank of 69, with
appreciation of 2.10%. 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, Elkhart Home Prices had a rank of 74, with
appreciation during the year of 9.01%. 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, Elkhart Home Prices
ranked 133, with a total appreciation of 25.9%. 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, Elkhart Home Prices had
a rank of 106, with appreciation during the decade of 15%. 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, Elkhart Home Prices had
a rank of 306, with total growth over the 20 year period of 52%. 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 Elkhart Real Estate
Market is available back to the 3rd Quarter, of 1984. All calculations are based
on the quarterly value of the House Price Index for Elkhart. 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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