Gainesville, FL - House Price Index (HPI)
Gainesville Real Estate Market Forecast  (FL)
The House Price Index (HPI) shows changes in Gainesville, FL 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.
Gainesville Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  1093.56
1st Quarter, 2018 Housing Statistics: Gainesville, Florida


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      83%

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 Gainesville housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Gainesville 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
Gainesville is 83% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 1st Quarter of 2019 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Gainesville
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      81%

The forecast for the trend in the Gainesville housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Gainesville is 81%. In other words, when tested against historical
data, the forecasting methodology was correct 81% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Gainesville is 81% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 1st Quarter of 2021 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Gainesville
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Gainesville, Florida


Historical Home Price Appreciation
Last Quarter                                     4.38%
Last Year . . . . . . . . . . . . . . . . . . . .  10.3%
Last 5 Years                                     36%
Last 10 Years . . . . . . . . . . . . . . . . . -4%
Last 20 Years                                   105%
Decline From All Time High               6.92%


Annual Home Price Appreciation Rates
1988      -0.86%
1989      7.76%
1990      -0.37%
1991      2.19%
1992      3.29%
1993      1.01%
1994      4.33%
1995      4.62%
1996      1.70%
1997      4.26%
1998      4.27%
1999      5.51%
2000      1.55%
2001      10.20%
2002      6.95%
2003      10.01%
2004      14.58%
2005      21.23%
2006      10.35%
2007      -0.09%
2008      -9.70%
2009      -7.79%
2010      -4.38%
2011      -8.31%
2012      -6.63%
2013      1.99%
2014      3.01%
2015      11.84%
2016      4.01%
2017      8.92%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              4.38%         Rank: 20 of 381 (95th Percentile)
Last Year  . . . . . . . . . . . . . . . .  10.3%          Rank: 33 of 381 (91st Percentile)
Last 5 Years                              36%            Rank: 94 of 381 (75th Percentile)
Last 10 Years  . . . . . . . . . . . .   -4%            Rank: 315 of 381 (17th Percentile)
Last 20 Years                            105%          Rank: 111 of 379 (70th Percentile)
Decline From All Time High        6.92%

The change in home prices for Gainesville, FL are shown above for five time
periods. For example: Gainesville appreciated 4.38% in the Last Quarter. At
that rate, the Gainesville Real Estate Market was ranked 20th out of 381
metropolitan Real Estate Markets. Gainesville was in the 95th percentile. So
Gainesville, FL performed better in the Last Quarter than 95% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Gainesville, Florida

The all time high in the Gainesville Home Price Index was 247.9 in the 3rd
Quarter, of 2007. The 1st Quarter, 2018 index value was 230.7. That's a
decline of 17.16 points or 6.92% below the Gainesville Home Price Index all time
high.  The Home Price Index indicates that the Gainesville Market is down 4%
over the last 10 years. Home prices in the Gainesville Real Estate Market have
gained 10.34% over the last 12 months. Over the last thirty years, it is up 193%.

The 1st Quarter index value was 9.68 points higher than the 4th Quarter, 2017
index value of 221.05, resulting in a 4.38% rise in the 1st Quarter for the
Gainesville Market.

The Gainesville Home Price Index has increased for the last 7 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 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 highest annual change in the value of houses in the Gainesville Real
Estate Market was 24% in the twelve months ended with the 4th Quarter of
1985. The worst annual change in home values  in the Gainesville Market was
-12% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Gainesville Real Estate Market over a
three year period was 58% in the three years ended with the 2nd Quarter of
2006. The worst performance over a three year period in the Gainesville Market
was -25% in the three years ended with the 1st Quarter of 2012.

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

The trend of Gainesville 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, Gainesville Home Prices had a rank of 20, with
appreciation of 4.38%. 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, Gainesville Home Prices had a rank of 33, with
appreciation during the year of 10.34%. 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, Gainesville Home Prices
ranked 94, with a total appreciation of 36.3%. 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, Gainesville Home Prices
had a rank of 315, with appreciation during the decade of -4%. 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, Gainesville Home Prices
had a rank of 111, with total growth over the 20 year period of 105%. 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 Gainesville Real Estate
Market is available back to the 3rd Quarter, of 1986. All calculations are based
on the quarterly value of the House Price Index for Gainesville. 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 Friday, June 29, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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