Fort Wayne, IN - House Price Index (HPI)
Fort Wayne Real Estate Market Forecast
The House Price Index (HPI) shows changes in Fort Wayne, 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.
Fort Wayne Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  27711
3rd Quarter, 2017 Housing Statistics: Fort Wayne, Indiana


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
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 Fort Wayne housing market for the 12
months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Fort Wayne 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 rising house prices in Fort
Wayne is 80% 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 Fort Wayne
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      75%

The forecast for the trend in the Fort Wayne housing market for the 3 years
ending with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Fort Wayne 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 rising house prices in Fort
Wayne is 75% 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 Fort Wayne
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Fort Wayne, Indiana


Historical Home Price Appreciation
Last Quarter                                     -0.33%
Last Year . . . . . . . . . . . . . . . . . . . .  6.5%
Last 5 Years                                     19%
Last 10 Years . . . . . . . . . . . . . . . . . 14%
Last 20 Years                                   44%
Decline From All Time High               0.33%


Annual Home Price Appreciation Rates
1987      4.33%
1988      3.18%
1989      1.28%
1990      -0.61%
1991      4.55%
1992      1.90%
1993      2.49%
1994      1.72%
1995      4.36%
1996      3.44%
1997      3.86%
1998      3.35%
1999      2.77%
2000      2.91%
2001      4.59%
2002      2.05%
2003      1.19%
2004      3.28%
2005      2.61%
2006      0.36%
2007      -1.36%
2008      -1.20%
2009      -1.89%
2010      0.80%
2011      -1.24%
2012      1.03%
2013      0.78%
2014      1.64%
2015      4.97%
2016      5.08%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.33%        Rank: 325 of 381 (14th Percentile)
Last Year  . . . . . . . . . . . . . . . .  6.5%           Rank: 149 of 381 (61st Percentile)
Last 5 Years                              19%            Rank: 200 of 381 (47th Percentile)
Last 10 Years  . . . . . . . . . . . .   14%            Rank: 108 of 381 (71st Percentile)
Last 20 Years                            44%            Rank: 339 of 379 (10th Percentile)
Decline From All Time High        0.33%

The change in home prices for Fort Wayne, IN are shown above for five time
periods. For example: Fort Wayne appreciated -0.33% in the Last Quarter. At
that rate, the Fort Wayne Real Estate Market was ranked 325th out of 381
metropolitan Real Estate Markets. Fort Wayne was in the 14th percentile. So
Fort Wayne, IN performed better in the Last Quarter than 14% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Fort Wayne, Indiana

The all time high in the Fort Wayne Home Price Index was 158.6 in the 2nd
Quarter, of 2017. The 3rd Quarter, 2017 index value was 158.0. That's a
decline of 0.52 points or 0.33% below the Fort Wayne Home Price Index all time
high.  The Home Price Index indicates that the Fort Wayne Market is up 14%
over the last 10 years. Home prices in the Fort Wayne Real Estate Market have
gained 6.50% over the last 12 months. Over the last thirty years, it is up 85%.

The 3rd Quarter index value was 0.52 points lower than the 2nd Quarter, 2017
index value of 158.55, resulting in a 0.33% decline for the 3rd Quarter in the
Fort Wayne Market.

The Fort Wayne Home Price Index declined in the last quarter after increasing
in the previous quarter. 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 Fort Wayne Real
Estate Market was 23% in the twelve months ended with the 2nd Quarter of
1979. The worst annual change in home values  in the Fort Wayne Market was
-14% in the twelve months ended with the 3rd Quarter of 1982.

The highest growth in home values in the Fort Wayne Real Estate Market over
a three year period was 32% in the three years ended with the 3rd Quarter of
1987. The worst performance over a three year period in the Fort Wayne
Market was -16% in the three years ended with the 3rd Quarter of 1984.

This page provides a long term graph of the Fort Wayne 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 Fort Wayne 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 Wayne 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 Wayne 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: Fort Wayne, Indiana

The trend of Fort Wayne 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, Fort Wayne Home Prices had a rank of 325,
with appreciation of -0.33%. 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, Fort Wayne Home Prices had a rank of 149, with
appreciation during the year of 6.50%. 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, Fort Wayne Home Prices
ranked 200, with a total appreciation of 18.9%. 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, Fort Wayne Home
Prices had a rank of 108, 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, Fort Wayne Home
Prices had a rank of 339, with total growth over the 20 year period of 44%. 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 Fort Wayne Real
Estate Market is available back to the 1st Quarter, of 1978. All calculations are
based on the quarterly value of the House Price Index for Fort Wayne. 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, January 9, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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