Lexington, KY - House Price Index (HPI)
Lexington Real Estate Market Forecast
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The House Price Index (HPI) shows changes in Lexington-Fayette, KY 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.
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Lexington Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  402.56
4th Quarter, 2017 Housing Statistics: Lexington, Kentucky


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      86%

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 Lexington housing market for the 12
months ending with the 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Lexington 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
Lexington is 86% 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 Lexington
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      83%

The forecast for the trend in the Lexington housing market for the 3 years
ending with the 4th Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Lexington is 83%. In other words, when tested against historical
data, the forecasting methodology was correct 83% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Lexington is 83% 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 Lexington
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Lexington, Kentucky


Historical Home Price Appreciation
Last Quarter                         -0.35%
Last Year                              5.7%
Last 5 Years                         18%
Last 10 Years                       15%
Last 20 Years                       78%
Decline From All Time High   0.35%


Annual Home Price Appreciation Rates
1988      3.75%
1989      2.05%
1990      -0.09%
1991      3.09%
1992      1.69%
1993      2.13%
1994      3.79%
1995      3.47%
1996      4.22%
1997      4.51%
1998      5.18%
1999      5.79%
2000      5.44%
2001      4.11%
2002      3.91%
2003      4.70%
2004      6.13%
2005      5.29%
2006      2.49%
2007      1.99%
2008      -0.54%
2009      -0.73%
2010      -0.57%
2011      -1.22%
2012      0.03%
2013      -0.67%
2014      3.36%
2015      4.18%
2016      4.74%
2017      5.65%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.35%        Rank: 287 of 381 (24th Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.7%           Rank: 179 of 381 (53rd Percentile)
Last 5 Years                              18%            Rank: 199 of 381 (47th Percentile)
Last 10 Years  . . . . . . . . . . . .   15%            Rank: 104 of 381 (72nd Percentile)
Last 20 Years                            78%            Rank: 196 of 379 (48th Percentile)
Decline From All Time High        0.35%

The change in home prices for Lexington-Fayette, KY are shown above for five
time periods. For example: Lexington appreciated -0.35% in the Last Quarter.
At that rate, the Lexington Real Estate Market was ranked 287th out of 381
metropolitan Real Estate Markets. Lexington was in the 24th percentile. So
Lexington, KY performed better in the Last Quarter than 24% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Lexington, Kentucky

The data and analysis on this page pertains to Lexington-Fayette, KY,
hereinafter referred to as "Lexington". The all time high in the Lexington Home
Price Index was 199.4 in the 3rd Quarter, of 2017. The 4th Quarter, 2017 index
value was 198.8. That's a decline of 0.69 points or 0.35% below the Lexington
Home Price Index all time high.  The Home Price Index indicates that the
Lexington Market is up 15% over the last 10 years. Home prices in the
Lexington Real Estate Market have gained 5.65% over the last 12 months. Over
the last thirty years, it is up 136%.

The 4th Quarter index value was 0.69 points lower than the 3rd Quarter, 2017
index value of 199.44, resulting in a 0.35% decline for the 4th Quarter in the
Lexington Market.

The Lexington Home Price Index declined in the last quarter after increasing in
the previous 11 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 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 highest annual change in the value of houses in the Lexington Real Estate
Market was 18% in the twelve months ended with the 4th Quarter of 1983. The
worst annual change in home values  in the Lexington Market was -7% in the
twelve months ended with the 4th Quarter of 1984.

The highest growth in home values in the Lexington Real Estate Market over a
three year period was 27% in the three years ended with the 1st Quarter of
1983. The worst performance over a three year period in the Lexington Market
was -4% in the three years ended with the 2nd Quarter of 2011.

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

The trend of Lexington 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 Lexington-Fayette, KY, hereinafter referred to as "Lexington".

Last Quarter:
During the 4th Quarter of 2017, Lexington Home Prices had a rank of 287, with
appreciation of -0.35%. 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, Lexington Home Prices had a rank of 179, with
appreciation during the year of 5.65%. 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, Lexington Home Prices
ranked 199, with a total appreciation of 18.4%. 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, Lexington Home Prices
had a rank of 104, with appreciation during the decade of 15%. 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, Lexington Home Prices
had a rank of 196, with total growth over the 20 year period of 78%. 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 Lexington Real Estate
Market is available back to the 4th Quarter, of 1979. All calculations are based
on the quarterly value of the House Price Index for Lexington. 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 Saturday, April 7, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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