Gary, IN - House Price Index (HPI)
Gary Real Estate Market Forecast
The House Price Index (HPI) shows changes in Gary, 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.
Gary Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  333.56
4th Quarter, 2017 Housing Statistics: Gary, Indiana


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 Gary housing market for the 12
months ending with the 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Gary 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 Gary
is 83% 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 Gary Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      80%

The forecast for the trend in the Gary housing market for the 3 years ending
with the 4th Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Gary 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 Gary is 80% 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 Gary Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Gary, Indiana


Historical Home Price Appreciation
Last Quarter                                     0.35%
Last Year . . . . . . . . . . . . . . . . . . . .  4.4%
Last 5 Years                                     15%
Last 10 Years . . . . . . . . . . . . . . . . . 5%
Last 20 Years                                   48%



Annual Home Price Appreciation Rates
1988      9.92%
1989      9.99%
1990      6.60%
1991      7.26%
1992      4.85%
1993      5.58%
1994      3.55%
1995      5.76%
1996      2.20%
1997      3.89%
1998      3.28%
1999      0.71%
2000      3.55%
2001      5.03%
2002      2.95%
2003      3.56%
2004      4.37%
2005      5.99%
2006      3.96%
2007      1.97%
2008      -3.01%
2009      -3.50%
2010      0.26%
2011      -2.71%
2012      -0.42%
2013      1.38%
2014      3.42%
2015      2.79%
2016      2.47%
2017      4.41%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.35%         Rank: 230 of 381 (39th Percentile)
Last Year  . . . . . . . . . . . . . . . .  4.4%           Rank: 230 of 381 (39th Percentile)
Last 5 Years                              15%            Rank: 231 of 381 (39th Percentile)
Last 10 Years  . . . . . . . . . . . .   5%              Rank: 210 of 381 (45th Percentile)
Last 20 Years                            48%            Rank: 329 of 379 (13th Percentile)


The change in home prices for Gary, IN are shown above for five time periods.
For example: Gary appreciated 0.35% in the Last Quarter. At that rate, the
Gary Real Estate Market was ranked 230th out of 381 metropolitan Real Estate
Markets. Gary was in the 39th percentile. So Gary, IN performed better in the
Last Quarter than 39% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Gary, Indiana

The all time high in the Gary Home Price Index was 165.7 in the 4th Quarter, of
2017.  The Home Price Index indicates that the Gary Market is up 5% over the
last 10 years. Home prices in the Gary Real Estate Market have gained 4.41%
over the last 12 months. Over the last thirty years, it is up 164%.

The 4th Quarter index value was 0.57 points higher than the 3rd Quarter, 2017
index value of 165.17, resulting in a 0.35% rise in the 4th Quarter for the Gary
Market.

The Gary Home Price Index has increased for 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 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 Gary Real Estate
Market was 13% in the twelve months ended with the 4th Quarter of 1979. The
worst annual change in home values  in the Gary Market was -6% in the twelve
months ended with the 4th Quarter of 1982.

The highest growth in home values in the Gary Real Estate Market over a three
year period was 29% in the three years ended with the 4th Quarter of 1990.
The worst performance over a three year period in the Gary Market was -10%
in the three years ended with the 2nd Quarter of 2011.

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

The trend of Gary 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, Gary Home Prices had a rank of 230, with
appreciation of 0.35%. The top performing real estate market during the 4th
Quarter was Gadsden, AL, with a rise of 13.11%. The worst market 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, Gary Home Prices had a rank of 230, with
appreciation during the year of 4.41%. 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, Gary Home Prices ranked
231, with a total appreciation of 15.3%. 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, Gary Home Prices had a
rank of 210, with appreciation during the decade of 5%. 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, Gary Home Prices had a
rank of 329, with total growth over the 20 year period of 48%. 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 Gary Real Estate
Market is available back to the 4th Quarter, of 1978. All calculations are based
on the quarterly value of the House Price Index for Gary. 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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