Gadsden, AL - House Price Index (HPI)
Gadsden Real Estate Market Forecast
The House Price Index (HPI) shows changes in Gadsden, 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.
Gadsden Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  27714
3rd Quarter, 2017 Housing Statistics: Gadsden, Alabama


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 Gadsden housing market for the 12
months ending with the 3rd Quarter of 2018 is DOWN. The Accuracy of the
Trend Projection for Gadsden 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 Gadsden is 75% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 3rd Quarter of 2018 than they were in
the 3rd Quarter of 2017. Check this page each quarter for updates to the
Gadsden Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      71%

The forecast for the trend in the Gadsden housing market for the 3 years
ending with the 3rd Quarter of 2020 is DOWN. The Accuracy of the Trend
Prediction for Gadsden is 71%. In other words, when tested against historical
data, the forecasting methodology was correct 71% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for falling house prices in
Gadsden is 71% during this period. If this Housing Market Forecast is correct,
home values will be lower in the 3rd Quarter of 2020 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Gadsden
Real Estate Market Forecast.




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


Historical Home Price Appreciation
Last Quarter                                     -3.90%
Last Year . . . . . . . . . . . . . . . . . . . .  -4.2%
Last 5 Years                                     -1%
Last 10 Years . . . . . . . . . . . . . . . . . -1%
Last 20 Years                                   52%
Decline From All Time High               4.35%


Annual Home Price Appreciation Rates
1987        n/a
1988        n/a
1989        n/a
1990        n/a
1991        n/a
1992        n/a
1993        n/a
1994      7.34%
1995      6.22%
1996      4.01%
1997      8.58%
1998      6.19%
1999      -0.86%
2000      3.50%
2001      6.21%
2002      4.49%
2003      4.89%
2004      4.11%
2005      6.81%
2006      4.15%
2007      2.93%
2008      0.86%
2009      -2.27%
2010      -1.39%
2011      -0.79%
2012      -0.58%
2013      1.74%
2014      -1.30%
2015      3.88%
2016      1.55%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -3.90%        Rank: 377 of 381 (1st Percentile)
Last Year  . . . . . . . . . . . . . . . .  -4.2%          Rank: 380 of 381 (Bottom .20%)
Last 5 Years                              -1%             Rank: 377 of 381 (1st Percentile)
Last 10 Years  . . . . . . . . . . . .   -1%            Rank: 268 of 381 (29th Percentile)
Last 20 Years                            52%            Rank: 314 of 379 (17th Percentile)
Decline From All Time High        4.35%

The change in home prices for Gadsden, AL are shown above for five time
periods. For example: Gadsden appreciated -3.90% in the Last Quarter. At that
rate, the Gadsden Real Estate Market was ranked 377th out of 381
metropolitan Real Estate Markets. Gadsden was in the 1st percentile. So
Gadsden, AL performed better in the Last Quarter than 1% of the 381
metropolitan areas covered in LittleBigHomes.com.

























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

The all time high in the Gadsden Home Price Index was 184.0 in the 4th
Quarter, of 2016. The 3rd Quarter, 2017 index value was 176.0. That's a
decline of 8.01 points or 4.35% below the Gadsden Home Price Index all time
high.  The Home Price Index indicates that the Gadsden Market is down 1%
over the last 10 years. Home Prices in the Gadsden Real Estate Market have
lost 4.16% over the last 12 months.

The 3rd Quarter index value was 7.15 points lower than the 2nd Quarter, 2017
index value of 183.11, resulting in a 3.90% decline for the 3rd Quarter in the
Gadsden Market.

The Gadsden 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 Gadsden Real Estate
Market was 11% in the twelve months ended with the 1st Quarter of 1996. The
worst annual change in home values  in the Gadsden Market was -5% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Gadsden Real Estate Market over a
three year period was 22% in the three years ended with the 1st Quarter of
1998. The worst performance over a three year period in the Gadsden Market
was -7% in the three years ended with the 1st Quarter of 2011.

This page provides a long term graph of the Gadsden 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 Gadsden 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 Gadsden 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 Gadsden 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: Gadsden, Alabama

The trend of Gadsden 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, Gadsden Home Prices had a rank of 377, with
appreciation of -3.90%. 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, Gadsden Home Prices had a rank of 380, with
appreciation during the year of -4.16%. 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, Gadsden Home Prices
ranked 377, with a total appreciation of -0.8%. 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, Gadsden Home Prices
had a rank of 268, with appreciation during the decade of -1%. 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, Gadsden Home Prices
had a rank of 314, 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 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 Gadsden Real Estate
Market is available back to the 3rd Quarter, of 1994. All calculations are based
on the quarterly value of the House Price Index for Gadsden. 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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