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  26953
2nd Quarter, 2017 Housing Statistics: Gainesville, Florida


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      82%

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 2nd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Gainesville is 82%. In other words, when tested against historical
data, the forecasting methodology was correct 82% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Gainesville is 82% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 2nd Quarter of 2018 than they were in the 2nd
Quarter of 2017. 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 2nd Quarter of 2020 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 2nd Quarter of 2020 than they were in the 2nd
Quarter of 2017. Check this page each quarter for updates to the Gainesville
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2017 Housing Data: Gainesville, Florida


Historical Home Price Appreciation
Last Quarter                                     2.89%
Last Year . . . . . . . . . . . . . . . . . . . .  10.9%
Last 5 Years                                     28%
Last 10 Years . . . . . . . . . . . . . . . . . -13%
Last 20 Years                                   99%
Decline From All Time High               13.23%


Annual Home Price Appreciation Rates
1987      1.72%
1988      -2.08%
1989      7.86%
1990      -0.46%
1991      2.21%
1992      3.26%
1993      1.02%
1994      4.33%
1995      4.63%
1996      1.65%
1997      4.32%
1998      4.27%
1999      5.43%
2000      1.61%
2001      10.12%
2002      7.05%
2003      10.15%
2004      14.52%
2005      21.12%
2006      10.31%
2007      -0.09%
2008      -9.68%
2009      -7.69%
2010      -4.47%
2011      -8.29%
2012      -6.71%
2013      2.09%
2014      3.27%
2015      10.45%
2016      5.00%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.89%         Rank: 160 of 381 (58th Percentile)
Last Year  . . . . . . . . . . . . . . . .  10.9%          Rank: 27 of 381 (93rd Percentile)
Last 5 Years                              28%            Rank: 115 of 381 (70th Percentile)
Last 10 Years  . . . . . . . . . . . .   -13%           Rank: 334 of 381 (12th Percentile)
Last 20 Years                            99%            Rank: 127 of 379 (66th Percentile)
Decline From All Time High        13.23%

The change in home prices for Gainesville, FL are shown above for five time
periods. For example: Gainesville appreciated 2.89% in the Last Quarter. At
that rate, the Gainesville Real Estate Market was ranked 160th out of 381
metropolitan Real Estate Markets. Gainesville was in the 58th percentile. So
Gainesville, FL performed better in the Last Quarter than 58% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2017 Housing Statistics: Gainesville, Florida

The all time high in the Gainesville Home Price Index was 247.5 in the 3rd
Quarter, of 2007. The 2nd Quarter, 2017 index value was 214.8. That's a
decline of 32.76 points or 13.23% below the Gainesville Home Price Index all
time high.  The Home Price Index indicates that the Gainesville Market is down
13% over the last 10 years. Home prices in the Gainesville Real Estate Market
have gained 10.89% over the last 12 months. Over the last thirty years, it is up
148%.

The 2nd Quarter index value was 6.03 points higher than the 1st Quarter, 2017
index value of 208.74, resulting in a 2.89% rise in the 2nd Quarter for the
Gainesville Market.

The Gainesville Home Price Index has increased for the last 4 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 24 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Manhattan, KS and Longview, TX, 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
2nd Quarter, 2017 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 2nd Quarter of 2017, Gainesville Home Prices had a rank of 160,
with appreciation of 2.89%. The top performing real estate market during the
2nd Quarter was Weirton, OH, with a rise of 14.58%. The worst market during
that period was Bangor, ME, with appreciation of -4.77%.
The median for all cities during the 2nd Quarter was 2.58%. The average for all
markets during the quarter was 2.50%.

Last Year:
During the last 12 months, Gainesville Home Prices had a rank of 27, with
appreciation during the year of 10.89%. The top performing market during the
last year was Mount Vernon, WA, with an increase of 15.1%. The worst real
estate market during that period was Pine Bluff, AR, with appreciation of -7.9%.
The median for all markets during this period was 5.39%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2017, Gainesville Home Prices
ranked 115, with a total appreciation of 28.3%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 93%.
The worst market during that period was Jacksonville, NC, with appreciation of
-3%.
The median for all cities during this time period was 18%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2017, Gainesville Home Prices
had a rank of 334, with appreciation during the decade of -13%. The top
performing market during the period was Austin, TX, with a rise of 62%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -29%.
The median for all markets during the last 10 years was 4%. The average for
the cities over that time frame was 5%.

Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2017, Gainesville Home Prices
had a rank of 127, with total growth over the 20 year period of 99%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 289%. The worst market during the last 20 years was Saginaw, MI,
with appreciation of 20%.
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 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 Saturday, November 18, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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