Greenville, SC - House Price Index (HPI)
Greenville Real Estate Market Forecast  (SC)
The House Price Index (HPI) shows changes in Greenville-Mauldin-Easley, SC 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.
Greenville Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  344.56
4th Quarter, 2017 Housing Statistics: Greenville, South Carolina


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      88%

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 Greenville housing market for the 12
months ending with the 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Greenville 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
Greenville is 88% 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 Greenville
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      85%

The forecast for the trend in the Greenville housing market for the 3 years
ending with the 4th Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Greenville is 85%. In other words, when tested against historical
data, the forecasting methodology was correct 85% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Greenville is 85% 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 Greenville
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Greenville, South Carolina


Historical Home Price Appreciation
Last Quarter                                     2.08%
Last Year . . . . . . . . . . . . . . . . . . . .  7.5%
Last 5 Years                                     28%
Last 10 Years . . . . . . . . . . . . . . . . . 22%
Last 20 Years                                   79%



Annual Home Price Appreciation Rates
1988      7.00%
1989      2.95%
1990      1.02%
1991      5.35%
1992      2.57%
1993      3.19%
1994      3.76%
1995      6.62%
1996      3.56%
1997      5.45%
1998      4.82%
1999      4.60%
2000      4.06%
2001      5.15%
2002      2.71%
2003      2.58%
2004      2.02%
2005      4.65%
2006      4.73%
2007      4.17%
2008      0.83%
2009      -2.44%
2010      -1.13%
2011      -2.19%
2012      -0.41%
2013      1.95%
2014      3.02%
2015      5.99%
2016      7.38%
2017      7.45%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.08%         Rank: 72 of 381 (81st Percentile)
Last Year  . . . . . . . . . . . . . . . .  7.5%           Rank: 111 of 381 (71st Percentile)
Last 5 Years                              28%            Rank: 118 of 381 (69th Percentile)
Last 10 Years  . . . . . . . . . . . .   22%            Rank: 51 of 381 (86th Percentile)
Last 20 Years                            79%            Rank: 192 of 379 (49th Percentile)


The change in home prices for Greenville-Anderson-Mauldin, SC are shown
above for five time periods. For example: Greenville appreciated 2.08% in the
Last Quarter. At that rate, the Greenville Real Estate Market was ranked 72nd
out of 381 metropolitan Real Estate Markets. Greenville was in the 81st
percentile. So Greenville, SC performed better in the Last Quarter than 81% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Greenville, South Carolina

The data and analysis on this page pertains to Greenville-Anderson-Mauldin,
SC, hereinafter referred to as "Greenville". The all time high in the Greenville
Home Price Index was 203.6 in the 4th Quarter, of 2017.  The Home Price Index
indicates that the Greenville Market is up 22% over the last 10 years. Home
prices in the Greenville Real Estate Market have gained 7.45% over the last 12
months. Over the last thirty years, it is up 169%.

The 4th Quarter index value was 4.15 points higher than the 3rd Quarter, 2017
index value of 199.44, resulting in a 2.08% rise in the 4th Quarter for the
Greenville Market.

The Greenville Home Price Index has increased for the last 9 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 Greenville Real Estate
Market was 22% in the twelve months ended with the 1st Quarter of 1982. The
worst annual change in home values  in the Greenville Market was -10% in the
twelve months ended with the 4th Quarter of 1982.

The highest growth in home values in the Greenville Real Estate Market over a
three year period was 26% in the three years ended with the 4th Quarter of
1985. The worst performance over a three year period in the Greenville Market
was -8% in the three years ended with the 2nd Quarter of 2011.

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

The trend of Greenville 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 Greenville-Anderson-Mauldin, SC, hereinafter referred to as "Greenville".

Last Quarter:
During the 4th Quarter of 2017, Greenville Home Prices had a rank of 72, with
appreciation of 2.08%. 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, Greenville Home Prices had a rank of 111, with
appreciation during the year of 7.45%. 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, Greenville Home Prices
ranked 118, with a total appreciation of 28.4%. 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, Greenville Home Prices
had a rank of 51, with appreciation during the decade of 22%. 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, Greenville Home Prices
had a rank of 192, with total growth over the 20 year period of 79%. 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 Greenville Real Estate
Market is available back to the 4th Quarter, of 1982. All calculations are based
on the quarterly value of the House Price Index for Greenville. 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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