Greensboro, NC - House Price Index (HPI)
Greensboro Real Estate Market Forecast
The House Price Index (HPI) shows changes in Greensboro-High Point, 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.
Greensboro Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  1104.56
1st Quarter, 2018 Housing Statistics: Greensboro, North Carolina


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      93%

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 Greensboro housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Greensboro is 93%. In other words, when tested against historical
data, the forecasting methodology was correct 93% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Greensboro is 93% 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
Greensboro Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      88%

The forecast for the trend in the Greensboro housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Greensboro is 88%. In other words, when tested against historical
data, the forecasting methodology was correct 88% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Greensboro is 88% 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
Greensboro Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Greensboro, North Carolina


Historical Home Price Appreciation
Last Quarter                                     -0.37%
Last Year . . . . . . . . . . . . . . . . . . . .  5.0%
Last 5 Years                                     14%
Last 10 Years . . . . . . . . . . . . . . . . . 4%
Last 20 Years                                   41%
Decline From All Time High               0.85%


Annual Home Price Appreciation Rates
1988      3.94%
1989      2.67%
1990      0.75%
1991      2.39%
1992      2.55%
1993      2.76%
1994      3.46%
1995      3.76%
1996      3.18%
1997      5.69%
1998      3.71%
1999      3.02%
2000      4.39%
2001      3.76%
2002      2.84%
2003      2.82%
2004      2.23%
2005      4.24%
2006      2.43%
2007      2.72%
2008      -1.99%
2009      -2.64%
2010      -0.70%
2011      -2.89%
2012      -0.28%
2013      -0.34%
2014      1.17%
2015      2.56%
2016      3.38%
2017      5.84%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.37%        Rank: 306 of 381 (19th Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.0%           Rank: 234 of 381 (38th Percentile)
Last 5 Years                              14%            Rank: 263 of 381 (31st Percentile)
Last 10 Years  . . . . . . . . . . . .   4%              Rank: 242 of 381 (36th Percentile)
Last 20 Years                            41%            Rank: 343 of 379 (9th Percentile)
Decline From All Time High        0.85%

The change in home prices for Greensboro-High Point, NC are shown above for
five time periods. For example: Greensboro appreciated -0.37% in the Last
Quarter. At that rate, the Greensboro Real Estate Market was ranked 306th out
of 381 metropolitan Real Estate Markets. Greensboro was in the 19th
percentile. So Greensboro, NC performed better in the Last Quarter than 19%
of the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Greensboro, North Carolina

The data and analysis on this page pertains to Greensboro-High Point, NC,
hereinafter referred to as "Greensboro". The all time high in the Greensboro
Home Price Index was 161.8 in the 3rd Quarter, of 2017. The 1st Quarter, 2018
index value was 160.4. That's a decline of 1.37 points or 0.85% below the
Greensboro Home Price Index all time high.  The Home Price Index indicates
that the Greensboro Market is up 4% over the last 10 years. Home prices in the
Greensboro Real Estate Market have gained 5.01% over the last 12 months.
Over the last thirty years, it is up 88%.

The 1st Quarter index value was 0.60 points lower than the 4th Quarter, 2017
index value of 161.03, resulting in a 0.37% decline for the 1st Quarter in the
Greensboro Market.

The Greensboro Home Price Index has declined for the last 2 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 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 highest annual change in the value of houses in the Greensboro Real
Estate Market was 17% in the twelve months ended with the 4th Quarter of
1984. The worst annual change in home values  in the Greensboro Market was
-6% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Greensboro Real Estate Market over
a three year period was 33% in the three years ended with the 4th Quarter of
1986. The worst performance over a three year period in the Greensboro
Market was -10% in the three years ended with the 1st Quarter of 2012.

This page provides a long term graph of the Greensboro 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 Greensboro 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 Greensboro 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 Greensboro 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: Greensboro, North Carolina

The trend of Greensboro 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. The data and analysis on this page pertains
to Greensboro-High Point, NC, hereinafter referred to as "Greensboro".

Last Quarter:
During the 1st Quarter of 2018, Greensboro Home Prices had a rank of 306,
with appreciation of -0.37%. 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, Greensboro Home Prices had a rank of 234, with
appreciation during the year of 5.01%. 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, Greensboro Home Prices
ranked 263, with a total appreciation of 13.8%. 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, Greensboro Home
Prices had a rank of 242, 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, Greensboro Home
Prices had a rank of 343, with total growth over the 20 year period of 41%. 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 Greensboro Real
Estate Market is available back to the 3rd Quarter, of 1979. All calculations are
based on the quarterly value of the House Price Index for Greensboro. 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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