Lima, OH - House Price Index (HPI)
Lima Real Estate Market Forecast
100
1000
The House Price Index (HPI) shows changes in Lima, OH 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
Lima Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  27787
3rd Quarter, 2017 Housing Statistics: Lima, Ohio


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      80%

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 Lima housing market for the 12 months
ending with the 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Lima is 80%. In other words, when tested against historical data,
the forecasting methodology was correct 80% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in Lima
is 80% during this period. If this Housing Market Forecast is correct, home
prices will be higher in the 3rd Quarter of 2018 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Lima Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      82%

The forecast for the trend in the Lima housing market for the 3 years ending
with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Lima is 82%. In other words, when tested against historical data, the forecasting
methodology was correct 82% of the time. Accordingly, LittleBigHomes.com
estimates that the probability for rising house prices in Lima is 82% during this
period. If this Housing Market Forecast is correct, home values will be higher in
the 3rd Quarter of 2020 than they were in the 3rd Quarter of 2017. Check this
page each quarter for updates to the Lima Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Lima, Ohio


Historical Home Price Appreciation
Last Quarter                         -2.25%
Last Year                              3.6%
Last 5 Years                         10%
Last 10 Years                       6%
Last 20 Years                       49%
Decline From All Time High   2.25%


Annual Home Price Appreciation Rates
1987      2.73%
1988      8.93%
1989      2.94%
1990      2.12%
1991      3.81%
1992      3.97%
1993      2.96%
1994      1.34%
1995      9.00%
1996      2.76%
1997      4.43%
1998      4.16%
1999      4.22%
2000      5.86%
2001      4.56%
2002      2.10%
2003      4.29%
2004      2.80%
2005      7.28%
2006      -0.97%
2007      -1.50%
2008      -1.28%
2009      -3.01%
2010      0.94%
2011      -2.05%
2012      1.58%
2013      -2.05%
2014      0.63%
2015      6.50%
2016      3.53%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -2.25%        Rank: 366 of 381 (3rd Percentile)
Last Year  . . . . . . . . . . . . . . . .  3.6%           Rank: 257 of 381 (32nd Percentile)
Last 5 Years                              10%            Rank: 290 of 381 (23rd Percentile)
Last 10 Years  . . . . . . . . . . . .   6%              Rank: 181 of 381 (52nd Percentile)
Last 20 Years                            49%            Rank: 329 of 379 (13th Percentile)
Decline From All Time High        2.25%

The change in home prices for Lima, OH are shown above for five time periods.
For example: Lima appreciated -2.25% in the Last Quarter. At that rate, the
Lima Real Estate Market was ranked 366th out of 381 metropolitan Real Estate
Markets. Lima was in the 3rd percentile. So Lima, OH performed better in the
Last Quarter than 3% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Lima, Ohio

The all time high in the Lima Home Price Index was 170.6 in the 2nd Quarter, of
2017. The 3rd Quarter, 2017 index value was 166.7. That's a decline of 3.83
points or 2.25% below the Lima Home Price Index all time high.  The Home Price
Index indicates that the Lima Market is up 6% over the last 10 years. Home
prices in the Lima Real Estate Market have gained 3.64% over the last 12
months. Over the last thirty years, it is up 110%.

The 3rd Quarter index value was 3.83 points lower than the 2nd Quarter, 2017
index value of 170.55, resulting in a 2.25% decline for the 3rd Quarter in the
Lima Market.

The Lima Home Price Index declined in the last quarter after increasing in the
previous quarter. The current record holder for consecutive declines in the
Home Price Index is Carbondale, 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 25 consecutive quarters.

The highest annual change in the value of houses in the Lima Real Estate
Market was 11% in the twelve months ended with the 1st Quarter of 1984. The
worst annual change in home values  in the Lima Market was -6% in the twelve
months ended with the 1st Quarter of 2010.

The highest growth in home values in the Lima Real Estate Market over a three
year period was 19% in the three years ended with the 1st Quarter of 1989.
The worst performance over a three year period in the Lima Market was -8% in
the three years ended with the 1st Quarter of 2011.

This page provides a long term graph of the Lima Home Price Index (above).
For information about Ohio 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 Lima 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 Lima 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 Lima 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
3rd Quarter, 2017 Housing Data: Lima, Ohio

The trend of Lima 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 3rd Quarter of 2017, Lima Home Prices had a rank of 366, with
appreciation of -2.25%. The top performing real estate market during the 3rd
Quarter was Pine Bluff, AR, with a rise of 7.86%. The worst market during that
period was Weirton, OH, with appreciation of -9.33%.
The median for all cities during the 3rd Quarter was 1.52%. The average for all
markets during the quarter was 1.39%.

Last Year:
During the last 12 months, Lima Home Prices had a rank of 257, with
appreciation during the year of 3.64%. The top performing market during the
last year was Seattle, WA, with an increase of 14.2%. The worst real estate
market during that period was Lawton, OK, with appreciation of -7.3%.
The median for all markets during this period was 5.41%. The average was
5.42%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2017, Lima Home Prices ranked
290, with a total appreciation of 10.3%. The top performing real estate market
during the 5 year period was Reno, NV, with a growth in value of 95%. The
worst market during that period was Lawton, OK, with appreciation of -7%.
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 3rd Quarter of 2017, Lima Home Prices had a
rank of 181, with appreciation during the decade of 6%. The top performing
market during the period was Denver, CO, with a rise of 63%. The worst real
estate market during the 10 year time period was Atlantic City, NJ, with
appreciation of -28%.
The median for all markets during the last 10 years was 5%. The average for
the cities over that time frame was 7%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2017, Lima Home Prices had a
rank of 329, with total growth over the 20 year period of 49%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 283%. The worst market during the last 20 years was Mansfield,
OH, with appreciation of 20%.
The median for all cities during the last 20 years was 80%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Lima Real Estate
Market is available back to the 1st Quarter, of 1984. All calculations are based
on the quarterly value of the House Price Index for Lima. 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 Thursday, January 18, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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