Johnstown, PA - House Price Index (HPI)
Johnstown Real Estate Market Forecast
The House Price Index (HPI) shows changes in Johnstown, PA 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.
Johnstown Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  1135.56
1st Quarter, 2018 Housing Statistics: Johnstown, Pennsylvania


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      59%

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 Johnstown housing market for the 12
months ending with the 1st Quarter of 2019 is DOWN. The Accuracy of the
Trend Projection for Johnstown is 59%. In other words, when tested against
historical data, the forecasting methodology was correct 59% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for falling house
prices in Johnstown is 59% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 1st Quarter of 2019 than they were in
the 1st Quarter of 2018. Check this page each quarter for updates to the
Johnstown Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      67%

The forecast for the trend in the Johnstown housing market for the 3 years
ending with the 1st Quarter of 2021 is DOWN. The Accuracy of the Trend
Prediction for Johnstown is 67%. In other words, when tested against historical
data, the forecasting methodology was correct 67% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for falling house prices in
Johnstown is 67% during this period. If this Housing Market Forecast is correct,
home values will be lower in the 1st Quarter of 2021 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Johnstown
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Johnstown, Pennsylvania


Historical Home Price Appreciation
Last Quarter                         -6.80%
Last Year                              -1.9%
Last 5 Years                         3%
Last 10 Years                       1%
Last 20 Years                       57%
Decline From All Time High   6.80%


Annual Home Price Appreciation Rates
1988        n/a
1989        n/a
1990        n/a
1991        n/a
1992        n/a
1993        n/a
1994        n/a
1995        n/a
1996      -5.25%
1997      6.70%
1998      4.73%
1999      2.79%
2000      0.77%
2001      7.24%
2002      6.22%
2003      4.50%
2004      7.82%
2005      1.32%
2006      1.25%
2007      5.91%
2008      0.62%
2009      -1.45%
2010      4.87%
2011      -2.15%
2012      1.68%
2013      -4.34%
2014      -0.99%
2015      4.83%
2016      -3.76%
2017      13.40%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -6.80%        Rank: 377 of 381 (1st Percentile)
Last Year  . . . . . . . . . . . . . . . .  -1.9%          Rank: 376 of 381 (1st Percentile)
Last 5 Years                              3%              Rank: 368 of 381 (3rd Percentile)
Last 10 Years  . . . . . . . . . . . .   1%              Rank: 273 of 381 (28th Percentile)
Last 20 Years                            57%            Rank: 286 of 379 (24th Percentile)
Decline From All Time High        6.80%

The change in home prices for Johnstown, PA are shown above for five time
periods. For example: Johnstown appreciated -6.80% in the Last Quarter. At
that rate, the Johnstown Real Estate Market was ranked 377th out of 381
metropolitan Real Estate Markets. Johnstown was in the 1st percentile. So
Johnstown, PA performed better in the Last Quarter than 1% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Johnstown, Pennsylvania

The all time high in the Johnstown Home Price Index was 178.3 in the 4th
Quarter, of 2017. The 1st Quarter, 2018 index value was 166.1. That's a
decline of 12.12 points or 6.80% below the Johnstown Home Price Index all time
high.  The Home Price Index indicates that the Johnstown Market is up 1% over
the last 10 years. Home Prices in the Johnstown Real Estate Market have lost
1.92% over the last 12 months.

The 1st Quarter index value was 12.12 points lower than the 4th Quarter, 2017
index value of 178.26, resulting in a 6.80% decline for the 1st Quarter in the
Johnstown Market.

The Johnstown Home Price Index declined in the last quarter after increasing in
the previous 2 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 Johnstown Real Estate
Market was 13% in the twelve months ended with the 4th Quarter of 2017. The
worst annual change in home values  in the Johnstown Market was -5% in the
twelve months ended with the 4th Quarter of 1996.

The highest growth in home values in the Johnstown Real Estate Market over a
three year period was 20% in the three years ended with the 4th Quarter of
2004. The worst performance over a three year period in the Johnstown Market
was -5% in the three years ended with the 4th Quarter of 2013.

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

The trend of Johnstown 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, Johnstown Home Prices had a rank of 377, with
appreciation of -6.80%. 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, Johnstown Home Prices had a rank of 376, with
appreciation during the year of -1.92%. 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, Johnstown Home Prices
ranked 368, with a total appreciation of 2.5%. 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, Johnstown Home Prices
had a rank of 273, with appreciation during the decade of 1%. 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, Johnstown Home Prices
had a rank of 286, with total growth over the 20 year period of 57%. 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 Johnstown Real Estate
Market is available back to the 4th Quarter, of 1995. All calculations are based
on the quarterly value of the House Price Index for Johnstown. 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 Sunday, July 8, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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