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  330.56
4th Quarter, 2017 Housing Statistics: Gadsden, Alabama


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      73%

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 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Gadsden is 73%. In other words, when tested against historical
data, the forecasting methodology was correct 73% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Gadsden is 73% 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 Gadsden
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      70%

The forecast for the trend in the Gadsden housing market for the 3 years
ending with the 4th Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Gadsden is 70%. In other words, when tested against historical
data, the forecasting methodology was correct 70% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Gadsden is 70% 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 Gadsden
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Gadsden, Alabama


Historical Home Price Appreciation
Last Quarter                                     13.11%
Last Year . . . . . . . . . . . . . . . . . . . .  11.4%
Last 5 Years                                     15%
Last 10 Years . . . . . . . . . . . . . . . . . 10%
Last 20 Years                                   66%



Annual Home Price Appreciation Rates
1988        n/a
1989        n/a
1990        n/a
1991        n/a
1992        n/a
1993        n/a
1994      7.30%
1995      6.25%
1996      4.02%
1997      8.56%
1998      6.20%
1999      -0.83%
2000      3.46%
2001      6.26%
2002      4.47%
2003      4.96%
2004      4.06%
2005      6.81%
2006      4.33%
2007      2.74%
2008      0.84%
2009      -2.35%
2010      -1.33%
2011      -0.86%
2012      -0.54%
2013      1.53%
2014      -1.18%
2015      3.93%
2016      -1.11%
2017      11.37%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              13.11%        Rank: 1 of 381 (100th Percentile)
Last Year  . . . . . . . . . . . . . . . .  11.4%          Rank: 19 of 381 (95th Percentile)
Last 5 Years                              15%            Rank: 240 of 381 (37th Percentile)
Last 10 Years  . . . . . . . . . . . .   10%            Rank: 149 of 381 (61st Percentile)
Last 20 Years                            66%            Rank: 256 of 379 (32nd Percentile)


The change in home prices for Gadsden, AL are shown above for five time
periods. For example: Gadsden appreciated 13.11% in the Last Quarter. At that
rate, the Gadsden Real Estate Market was ranked 1st out of 381 metropolitan
Real Estate Markets. Gadsden was in the 100th percentile. So Gadsden, AL
performed better in the Last Quarter than 100% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Gadsden, Alabama

The all time high in the Gadsden Home Price Index was 199.3 in the 4th
Quarter, of 2017.  The Home Price Index indicates that the Gadsden Market is
up 10% over the last 10 years. Home prices in the Gadsden Real Estate Market
have gained 11.37% over the last 12 months.

The 4th Quarter index value was 23.09 points higher than the 3rd Quarter,
2017 index value of 176.18, resulting in a 13.11% rise in the 4th Quarter for the
Gadsden Market.

The Gadsden Home Price Index increased in the last quarter after falling in the
previous quarter. 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 Gadsden Real Estate
Market was 11% in the twelve months ended with the 4th Quarter of 2017. 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
4th 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 4th Quarter of 2017, Gadsden Home Prices outperformed every
state, with appreciation of 13.11% during the quarter. The worst performer
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, Gadsden Home Prices had a rank of 19, with
appreciation during the year of 11.37%. 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, Gadsden Home Prices
ranked 240, with a total appreciation of 14.8%. 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, Gadsden Home Prices
had a rank of 149, with appreciation during the decade of 10%. 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, Gadsden Home Prices
had a rank of 256, with total growth over the 20 year period of 66%. 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 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, March 27, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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