Fort Smith, AR - House Price Index (HPI)
Fort Smith Real Estate Market Forecast
The House Price Index (HPI) shows changes in Fort Smith, AR-OK 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.
Fort Smith Real Estate Market: Trend Outlook, Analysis & Statistics
100
1000
10
Commentary  1087.56
1st Quarter, 2018 Housing Statistics: Fort Smith, Arkansas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      75%

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 Fort Smith housing market for the 12
months ending with the 1st Quarter of 2019 is DOWN. The Accuracy of the
Trend Projection for Fort Smith is 75%. In other words, when tested against
historical data, the forecasting methodology was correct 75% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for falling house
prices in Fort Smith is 75% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 1st Quarter of 2019 than they were in
the 1st Quarter of 2018. Check this page each quarter for updates to the Fort
Smith Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      75%

The forecast for the trend in the Fort Smith housing market for the 3 years
ending with the 1st Quarter of 2021 is DOWN. The Accuracy of the Trend
Prediction for Fort Smith is 75%. In other words, when tested against historical
data, the forecasting methodology was correct 75% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for falling house prices in Fort
Smith is 75% during this period. If this Housing Market Forecast is correct,
home values will be lower in the 1st Quarter of 2021 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Fort Smith
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Fort Smith, Arkansas


Historical Home Price Appreciation
Last Quarter                                     -0.17%
Last Year . . . . . . . . . . . . . . . . . . . .  -2.5%
Last 5 Years                                     7%
Last 10 Years . . . . . . . . . . . . . . . . . 6%
Last 20 Years                                   53%
Decline From All Time High               2.51%


Annual Home Price Appreciation Rates
1988      7.20%
1989      -0.26%
1990      -1.07%
1991      4.51%
1992      5.00%
1993      3.58%
1994      6.32%
1995      3.46%
1996      3.83%
1997      3.35%
1998      5.29%
1999      0.28%
2000      3.62%
2001      5.76%
2002      2.31%
2003      2.47%
2004      5.12%
2005      5.02%
2006      5.01%
2007      2.95%
2008      0.74%
2009      1.20%
2010      -1.79%
2011      -1.34%
2012      0.76%
2013      -2.45%
2014      2.81%
2015      2.86%
2016      0.97%
2017      2.83%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.17%        Rank: 296 of 381 (22nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  -2.5%          Rank: 378 of 381 (Bottom .70%)
Last 5 Years                              7%              Rank: 344 of 381 (9th Percentile)
Last 10 Years  . . . . . . . . . . . .   6%              Rank: 207 of 381 (45th Percentile)
Last 20 Years                            53%            Rank: 296 of 379 (21st Percentile)
Decline From All Time High        2.51%

The change in home prices for Fort Smith, AR-OK are shown above for five
time periods. For example: Fort Smith appreciated -0.17% in the Last Quarter.
At that rate, the Fort Smith Real Estate Market was ranked 296th out of 381
metropolitan Real Estate Markets. Fort Smith was in the 22nd percentile. So
Fort Smith, AR performed better in the Last Quarter than 22% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Fort Smith, Arkansas

The all time high in the Fort Smith Home Price Index was 177.6 in the 1st
Quarter, of 2017. The 1st Quarter, 2018 index value was 173.1. That's a
decline of 4.46 points or 2.51% below the Fort Smith Home Price Index all time
high.  The Home Price Index indicates that the Fort Smith Market is up 6% over
the last 10 years. Home Prices in the Fort Smith Real Estate Market have lost
2.51% over the last 12 months. Over the last thirty years, it is up 106%.

The 1st Quarter index value was 0.30 points lower than the 4th Quarter, 2017
index value of 173.43, resulting in a 0.17% decline for the 1st Quarter in the
Fort Smith Market.

The Fort Smith Home Price Index declined in the last quarter after increasing in
the previous 2 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 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 highest annual change in the value of houses in the Fort Smith Real Estate
Market was 10% in the twelve months ended with the 1st Quarter of 2017. The
worst annual change in home values  in the Fort Smith Market was -7% in the
twelve months ended with the 4th Quarter of 1987.

The highest growth in home values in the Fort Smith Real Estate Market over a
three year period was 16% in the three years ended with the 4th Quarter of
2006. The worst performance over a three year period in the Fort Smith Market
was -4% in the three years ended with the 1st Quarter of 2012.

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

The trend of Fort Smith 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, Fort Smith Home Prices had a rank of 296, with
appreciation of -0.17%. 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, Fort Smith Home Prices had a rank of 378, with
appreciation during the year of -2.51%. 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, Fort Smith Home Prices
ranked 344, with a total appreciation of 7.2%. 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, Fort Smith Home Prices
had a rank of 207, with appreciation during the decade of 6%. 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, Fort Smith Home Prices
had a rank of 296, with total growth over the 20 year period of 53%. 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 Fort Smith Real Estate
Market is available back to the 3rd Quarter, of 1985. All calculations are based
on the quarterly value of the House Price Index for Fort Smith. 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.


_____________________________________________________________
Report a Problem with this Page    Contact Us     Privacy Policy    Terms of Use/Disclosure
LittleBigHomes.com
1975
1980
1985
1990
1995
2000
2005
2010
2035
2015
2020
2025
2030