Florence, AL - House Price Index (HPI)
Florence Real Estate Market Forecast  (AL)
The House Price Index (HPI) shows changes in Florence-Muscle Shoals, AL 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.
Florence Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  27705
3rd Quarter, 2017 Housing Statistics: Florence, Alabama


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      68%

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 Florence housing market for the 12
months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Florence is 68%. In other words, when tested against historical
data, the forecasting methodology was correct 68% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Florence is 68% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2018 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Florence
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      83%

The forecast for the trend in the Florence housing market for the 3 years
ending with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Florence is 83%. In other words, when tested against historical
data, the forecasting methodology was correct 83% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Florence is 83% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2020 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Florence
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Florence, Alabama


Historical Home Price Appreciation
Last Quarter                                     2.37%
Last Year . . . . . . . . . . . . . . . . . . . .  3.1%
Last 5 Years                                     13%
Last 10 Years . . . . . . . . . . . . . . . . . 17%
Last 20 Years                                   59%



Annual Home Price Appreciation Rates
1987        n/a
1988        n/a
1989        n/a
1990        n/a
1991        n/a
1992        n/a
1993      5.21%
1994      1.58%
1995      4.31%
1996      3.32%
1997      2.08%
1998      4.00%
1999      1.03%
2000      -0.91%
2001      5.34%
2002      1.99%
2003      1.02%
2004      5.66%
2005      4.19%
2006      6.29%
2007      5.61%
2008      1.54%
2009      1.40%
2010      -1.99%
2011      -1.26%
2012      1.26%
2013      -0.18%
2014      2.33%
2015      1.21%
2016      4.56%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.37%         Rank: 106 of 381 (72nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  3.1%           Rank: 285 of 381 (25th Percentile)
Last 5 Years                              13%            Rank: 256 of 381 (32nd Percentile)
Last 10 Years  . . . . . . . . . . . .   17%            Rank: 82 of 381 (78th Percentile)
Last 20 Years                            59%            Rank: 281 of 379 (25th Percentile)


The change in home prices for Florence-Muscle Shoals, AL are shown above
for five time periods. For example: Florence appreciated 2.37% in the Last
Quarter. At that rate, the Florence Real Estate Market was ranked 106th out of
381 metropolitan Real Estate Markets. Florence was in the 72nd percentile. So
Florence, AL performed better in the Last Quarter than 72% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Florence, Alabama

The data and analysis on this page pertains to Florence-Muscle Shoals, AL,
hereinafter referred to as "Florence". The all time high in the Florence Home
Price Index was 172.1 in the 3rd Quarter, of 2017.  The Home Price Index
indicates that the Florence Market is up 17% over the last 10 years. Home
prices in the Florence Real Estate Market have gained 3.10% over the last 12
months.

The 3rd Quarter index value was 3.99 points higher than the 2nd Quarter, 2017
index value of 168.12, resulting in a 2.37% rise in the 3rd Quarter for the
Florence Market.

The Florence Home Price Index has increased for 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 current record holder for consecutive
declines in the Home Price Index is Carbondale, IL, with declines in the last 3
consecutive quarters.

The highest annual change in the value of houses in the Florence Real Estate
Market was 8% in the twelve months ended with the 2nd Quarter of 1995. The
worst annual change in home values  in the Florence Market was -4% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Florence Real Estate Market over a
three year period was 19% in the three years ended with the 1st Quarter of
2008. The worst performance over a three year period in the Florence Market
was -5% in the three years ended with the 1st Quarter of 2012.

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

The trend of Florence 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 Florence-Muscle Shoals, AL, hereinafter referred to as "Florence".

Last Quarter:
During the 3rd Quarter of 2017, Florence Home Prices had a rank of 106, with
appreciation of 2.37%. 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, Florence Home Prices had a rank of 285, with
appreciation during the year of 3.10%. 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, Florence Home Prices
ranked 256, with a total appreciation of 13.1%. 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, Florence Home Prices
had a rank of 82, with appreciation during the decade of 17%. 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, Florence Home Prices
had a rank of 281, with total growth over the 20 year period of 59%. 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 Florence Real Estate
Market is available back to the 1st Quarter, of 1992. All calculations are based
on the quarterly value of the House Price Index for Florence. 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 Monday, January 8, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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