Goldsboro, NC - House Price Index (HPI)
Goldsboro Real Estate Market Forecast
The House Price Index (HPI) shows changes in Goldsboro, NC 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.
Goldsboro Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  335.56
4th Quarter, 2017 Housing Statistics: Goldsboro, North Carolina


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      77%

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 Goldsboro housing market for the 12
months ending with the 4th Quarter of 2018 is DOWN. The Accuracy of the
Trend Projection for Goldsboro is 77%. In other words, when tested against
historical data, the forecasting methodology was correct 77% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for falling house
prices in Goldsboro is 77% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 4th Quarter of 2018 than they were in
the 4th Quarter of 2017. Check this page each quarter for updates to the
Goldsboro Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      81%

The forecast for the trend in the Goldsboro housing market for the 3 years
ending with the 4th Quarter of 2020 is DOWN. The Accuracy of the Trend
Prediction for Goldsboro 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 falling house prices in
Goldsboro is 81% during this period. If this Housing Market Forecast is correct,
home values will be lower in the 4th Quarter of 2020 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the Goldsboro
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Goldsboro, North Carolina


Historical Home Price Appreciation
Last Quarter                                     -5.68%
Last Year . . . . . . . . . . . . . . . . . . . .  -6.9%
Last 5 Years                                     -5%
Last 10 Years . . . . . . . . . . . . . . . . . -6%
Last 20 Years                                   30%
Decline From All Time High               8.22%


Annual Home Price Appreciation Rates
1988        n/a
1989        n/a
1990        n/a
1991      4.11%
1992      3.30%
1993      2.31%
1994      3.62%
1995      4.15%
1996      4.67%
1997      4.81%
1998      1.17%
1999      3.32%
2000      4.73%
2001      2.35%
2002      2.37%
2003      5.94%
2004      1.30%
2005      3.19%
2006      6.25%
2007      2.78%
2008      1.13%
2009      0.92%
2010      -1.58%
2011      -1.91%
2012      0.02%
2013      2.19%
2014      -6.61%
2015      1.72%
2016      5.16%
2017      -6.88%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -5.68%        Rank: 379 of 381 (Bottom .50%)
Last Year  . . . . . . . . . . . . . . . .  -6.9%          Rank: 381 of 381 (Bottom .00%)
Last 5 Years                              -5%             Rank: 381 of 381 (Bottom .00%)
Last 10 Years  . . . . . . . . . . . .   -6%            Rank: 320 of 381 (16th Percentile)
Last 20 Years                            30%            Rank: 369 of 379 (2nd Percentile)
Decline From All Time High        8.22%

The change in home prices for Goldsboro, NC are shown above for five time
periods. For example: Goldsboro appreciated -5.68% in the Last Quarter. At
that rate, the Goldsboro Real Estate Market was ranked 379th out of 381
metropolitan Real Estate Markets. Goldsboro was in the bottom .50%. So
Goldsboro, NC performed better in the Last Quarter than 0% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Goldsboro, North Carolina

The all time high in the Goldsboro Home Price Index was 161.1 in the 4th
Quarter, of 2009. The 4th Quarter, 2017 index value was 147.9. That's a
decline of 13.24 points or 8.22% below the Goldsboro Home Price Index all time
high.  The Home Price Index indicates that the Goldsboro Market is down 6%
over the last 10 years. Home Prices in the Goldsboro Real Estate Market have
lost 6.88% over the last 12 months.

The 4th Quarter index value was 8.90 points lower than the 3rd Quarter, 2017
index value of 156.75, resulting in a 5.68% decline for the 4th Quarter in the
Goldsboro Market.

The Goldsboro Home Price Index declined in the last quarter after increasing in
the previous quarter. 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 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 highest annual change in the value of houses in the Goldsboro Real Estate
Market was 8% in the twelve months ended with the 3rd Quarter of 1992. The
worst annual change in home values  in the Goldsboro Market was -7% in the
twelve months ended with the 4th Quarter of 2017.

The highest growth in home values in the Goldsboro Real Estate Market over a
three year period was 17% in the three years ended with the 2nd Quarter of
2007. The worst performance over a three year period in the Goldsboro Market
was -8% in the three years ended with the 2nd Quarter of 2011.

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

The trend of Goldsboro 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, Goldsboro Home Prices had a rank of 379, with
appreciation of -5.68%. 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, Goldsboro Home Prices had the worst performance
in the country, with appreciation during the year of -6.88%. The top performer
during the last year was Sebastian, FL, with appreciation of 16.4%.
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, Goldsboro Home Prices
had the worst performance in the country, with a total appreciation of -4.9%.
The top performer during the 5 year period was Reno, NV, with appreciation of
94%.
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, Goldsboro Home Prices
had a rank of 320, with appreciation during the decade of -6%. 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, Goldsboro Home Prices
had a rank of 369, with total growth over the 20 year period of 30%. 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 Goldsboro Real Estate
Market is available back to the 2nd Quarter, of 1992. All calculations are based
on the quarterly value of the House Price Index for Goldsboro. 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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