Gulfport, MS - House Price Index (HPI)
Gulfport Real Estate Market Forecast
The House Price Index (HPI) shows changes in Gulfport-Biloxi, MS 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.
Gulfport Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  1107.56
1st Quarter, 2018 Housing Statistics: Gulfport, Mississippi


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      81%

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 Gulfport housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Gulfport 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
Gulfport is 81% 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 Gulfport Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      75%

The forecast for the trend in the Gulfport housing market for the 3 years ending
with the 1st Quarter of 2021 is UP. The Accuracy of the Trend Prediction for
Gulfport is 75%. In other words, when tested against historical data, the
forecasting methodology was correct 75% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Gulfport is 75% 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 Gulfport Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Gulfport, Mississippi


Historical Home Price Appreciation
Last Quarter                                     0.97%
Last Year . . . . . . . . . . . . . . . . . . . .  8.3%
Last 5 Years                                     15%
Last 10 Years . . . . . . . . . . . . . . . . . -10%
Last 20 Years                                   69%
Decline From All Time High               10.02%


Annual Home Price Appreciation Rates
1988      9.68%
1989      -5.28%
1990      -2.78%
1991      2.51%
1992      6.64%
1993      6.68%
1994      11.47%
1995      2.24%
1996      3.16%
1997      5.66%
1998      5.11%
1999      4.89%
2000      4.84%
2001      5.06%
2002      2.30%
2003      3.64%
2004      6.51%
2005      14.40%
2006      14.55%
2007      3.40%
2008      -5.81%
2009      -4.54%
2010      -6.21%
2011      -5.49%
2012      -3.22%
2013      -1.74%
2014      3.82%
2015      3.59%
2016      3.98%
2017      5.52%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.97%         Rank: 215 of 381 (43rd Percentile)
Last Year  . . . . . . . . . . . . . . . .  8.3%           Rank: 79 of 381 (79th Percentile)
Last 5 Years                              15%            Rank: 253 of 381 (33rd Percentile)
Last 10 Years  . . . . . . . . . . . .   -10%           Rank: 353 of 381 (7th Percentile)
Last 20 Years                            69%            Rank: 231 of 379 (39th Percentile)
Decline From All Time High        10.02%

The change in home prices for Gulfport-Biloxi-Pascagoula, MS are shown
above for five time periods. For example: Gulfport appreciated 0.97% in the
Last Quarter. At that rate, the Gulfport Real Estate Market was ranked 215th
out of 381 metropolitan Real Estate Markets. Gulfport was in the 43rd
percentile. So Gulfport, MS performed better in the Last Quarter than 43% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Gulfport, Mississippi

The data and analysis on this page pertains to Gulfport-Biloxi-Pascagoula, MS,
hereinafter referred to as "Gulfport". The all time high in the Gulfport Home
Price Index was 213.9 in the 1st Quarter, of 2008. The 1st Quarter, 2018 index
value was 192.5. That's a decline of 21.44 points or 10.02% below the Gulfport
Home Price Index all time high.  The Home Price Index indicates that the
Gulfport Market is down 10% over the last 10 years. Home prices in the Gulfport
Real Estate Market have gained 8.33% over the last 12 months. Over the last
thirty years, it is up 139%.

The 1st Quarter index value was 1.85 points higher than the 4th Quarter, 2017
index value of 190.64, resulting in a 0.97% rise in the 1st Quarter for the
Gulfport Market.

The Gulfport Home Price Index has increased for 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 27 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 highest annual change in the value of houses in the Gulfport Real Estate
Market was 20% in the twelve months ended with the 3rd Quarter of 2006. The
worst annual change in home values  in the Gulfport Market was -9% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Gulfport Real Estate Market over a
three year period was 41% in the three years ended with the 1st Quarter of
2007. The worst performance over a three year period in the Gulfport Market
was -20% in the three years ended with the 1st Quarter of 2011.

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

The trend of Gulfport 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 Gulfport-Biloxi-Pascagoula, MS, hereinafter referred to as "Gulfport".

Last Quarter:
During the 1st Quarter of 2018, Gulfport Home Prices had a rank of 215, with
appreciation of 0.97%. 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, Gulfport Home Prices had a rank of 79, with
appreciation during the year of 8.33%. 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, Gulfport Home Prices
ranked 253, with a total appreciation of 14.8%. 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, Gulfport Home Prices
had a rank of 353, with appreciation during the decade of -10%. 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, Gulfport Home Prices
had a rank of 231, with total growth over the 20 year period of 69%. 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 Gulfport Real Estate
Market is available back to the 4th Quarter, of 1988. All calculations are based
on the quarterly value of the House Price Index for Gulfport. 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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