Jacksonville, FL - House Price Index (HPI)
Jacksonville Real Estate Market Forecast  (FL)
The House Price Index (HPI) shows changes in Jacksonville, FL 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.
Jacksonville Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  1130.56
1st Quarter, 2018 Housing Statistics: Jacksonville, Florida


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      90%

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 Jacksonville housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Jacksonville is 90%. In other words, when tested against historical
data, the forecasting methodology was correct 90% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Jacksonville is 90% 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
Jacksonville Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      86%

The forecast for the trend in the Jacksonville housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Jacksonville is 86%. In other words, when tested against historical
data, the forecasting methodology was correct 86% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Jacksonville is 86% 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
Jacksonville Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Jacksonville, Florida


Historical Home Price Appreciation
Last Quarter                         -0.07%
Last Year                              7.5%
Last 5 Years                         46%
Last 10 Years                       -2%
Last 20 Years                       119%
Decline From All Time High   6.44%


Annual Home Price Appreciation Rates
1988      2.23%
1989      0.94%
1990      0.33%
1991      1.74%
1992      3.18%
1993      3.19%
1994      0.26%
1995      2.83%
1996      3.85%
1997      5.20%
1998      5.99%
1999      6.61%
2000      7.37%
2001      8.91%
2002      8.24%
2003      9.41%
2004      14.43%
2005      19.60%
2006      11.66%
2007      -3.30%
2008      -13.02%
2009      -10.83%
2010      -7.37%
2011      -7.03%
2012      -1.75%
2013      7.66%
2014      6.88%
2015      5.92%
2016      10.71%
2017      9.69%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.07%        Rank: 287 of 381 (24th Percentile)
Last Year  . . . . . . . . . . . . . . . .  7.5%           Rank: 117 of 381 (69th Percentile)
Last 5 Years                              46%            Rank: 67 of 381 (82nd Percentile)
Last 10 Years  . . . . . . . . . . . .   -2%            Rank: 304 of 381 (20th Percentile)
Last 20 Years                            119%          Rank: 75 of 379 (80th Percentile)
Decline From All Time High        6.44%

The change in home prices for Jacksonville, FL are shown above for five time
periods. For example: Jacksonville appreciated -0.07% in the Last Quarter. At
that rate, the Jacksonville Real Estate Market was ranked 287th out of 381
metropolitan Real Estate Markets. Jacksonville was in the 24th percentile. So
Jacksonville, FL performed better in the Last Quarter than 24% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Jacksonville, Florida

The all time high in the Jacksonville Home Price Index was 268.6 in the 2nd
Quarter, of 2007. The 1st Quarter, 2018 index value was 251.3. That's a
decline of 17.31 points or 6.44% below the Jacksonville Home Price Index all
time high.  The Home Price Index indicates that the Jacksonville Market is down
2% over the last 10 years. Home prices in the Jacksonville Real Estate Market
have gained 7.51% over the last 12 months. Over the last thirty years, it is up
181%.

The 1st Quarter index value was 0.18 points lower than the 4th Quarter, 2017
index value of 251.50, resulting in a 0.07% decline for the 1st Quarter in the
Jacksonville Market.

The Jacksonville Home Price Index declined in the last quarter after increasing
in the previous 8 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 Jacksonville Real
Estate Market was 21% in the twelve months ended with the 1st Quarter of
2006. The worst annual change in home values  in the Jacksonville Market was
-14% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Jacksonville Real Estate Market over
a three year period was 56% in the three years ended with the 3rd Quarter of
2006. The worst performance over a three year period in the Jacksonville
Market was -30% in the three years ended with the 1st Quarter of 2011.

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

The trend of Jacksonville 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 1st Quarter of 2018, Jacksonville Home Prices had a rank of 287,
with appreciation of -0.07%. 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, Jacksonville Home Prices had a rank of 117, with
appreciation during the year of 7.51%. 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, Jacksonville Home Prices
ranked 67, with a total appreciation of 46.1%. 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, Jacksonville Home Prices
had a rank of 304, with appreciation during the decade of -2%. 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, Jacksonville Home Prices
had a rank of 75, with total growth over the 20 year period of 119%. 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 Jacksonville Real
Estate Market is available back to the 3rd Quarter, of 1978. All calculations are
based on the quarterly value of the House Price Index for Jacksonville. 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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