Lawrence, KS - House Price Index (HPI)
Lawrence Real Estate Market Forecast
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The House Price Index (HPI) shows changes in Lawrence, KS 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.
10
Lawrence Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  1159.56
1st Quarter, 2018 Housing Statistics: Lawrence, Kansas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      92%

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 Lawrence housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Lawrence is 92%. In other words, when tested against historical
data, the forecasting methodology was correct 92% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Lawrence is 92% 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 Lawrence
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      86%

The forecast for the trend in the Lawrence housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Lawrence 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
Lawrence 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 Lawrence
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Lawrence, Kansas


Historical Home Price Appreciation
Last Quarter                         3.72%
Last Year                              7.1%
Last 5 Years                         18%
Last 10 Years                       11%
Last 20 Years                       77%



Annual Home Price Appreciation Rates
1988      9.82%
1989      0.09%
1990      1.91%
1991      0.96%
1992      3.85%
1993      5.14%
1994      9.79%
1995      5.72%
1996      4.56%
1997      5.31%
1998      6.42%
1999      5.58%
2000      6.21%
2001      5.17%
2002      5.00%
2003      5.95%
2004      6.26%
2005      4.77%
2006      3.18%
2007      0.08%
2008      -0.87%
2009      -2.62%
2010      -0.20%
2011      -1.18%
2012      0.15%
2013      1.13%
2014      0.73%
2015      0.39%
2016      7.56%
2017      3.16%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              3.72%         Rank: 28 of 381 (92nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  7.1%           Rank: 138 of 381 (63rd Percentile)
Last 5 Years                              18%            Rank: 219 of 381 (42nd Percentile)
Last 10 Years  . . . . . . . . . . . .   11%            Rank: 156 of 381 (59th Percentile)
Last 20 Years                            77%            Rank: 199 of 379 (47th Percentile)


The change in home prices for Lawrence, KS are shown above for five time
periods. For example: Lawrence appreciated 3.72% in the Last Quarter. At that
rate, the Lawrence Real Estate Market was ranked 28th out of 381 metropolitan
Real Estate Markets. Lawrence was in the 92nd percentile. So Lawrence, KS
performed better in the Last Quarter than 92% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Lawrence, Kansas

The all time high in the Lawrence Home Price Index was 205.9 in the 1st
Quarter, of 2018.  The Home Price Index indicates that the Lawrence Market is
up 11% over the last 10 years. Home prices in the Lawrence Real Estate
Market have gained 7.10% over the last 12 months. Over the last thirty years, it
is up 196%.

The 1st Quarter index value was 7.39 points higher than the 4th Quarter, 2017
index value of 198.55, resulting in a 3.72% rise in the 1st Quarter for the
Lawrence Market.

The Lawrence 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 Lawrence Real Estate
Market was 11% in the twelve months ended with the 1st Quarter of 1995. The
worst annual change in home values  in the Lawrence Market was -3% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Lawrence Real Estate Market over a
three year period was 24% in the three years ended with the 1st Quarter of
1996. The worst performance over a three year period in the Lawrence Market
was -7% in the three years ended with the 1st Quarter of 2011.

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

The trend of Lawrence 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, Lawrence Home Prices had a rank of 28, with
appreciation of 3.72%. 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, Lawrence Home Prices had a rank of 138, with
appreciation during the year of 7.10%. 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, Lawrence Home Prices
ranked 219, with a total appreciation of 17.9%. 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, Lawrence Home Prices
had a rank of 156, with appreciation during the decade of 11%. 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, Lawrence Home Prices
had a rank of 199, with total growth over the 20 year period of 77%. 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 Lawrence Real Estate
Market is available back to the 1st Quarter, of 1986. All calculations are based
on the quarterly value of the House Price Index for Lawrence. 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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