Merced, CA - House Price Index (HPI)
Merced Real Estate Market - Home Price Forecast
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The House Price Index (HPI) shows changes in Merced, CA 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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Merced Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  421.56
4th Quarter, 2017 Housing Statistics: Merced, California


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      71%

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 Merced housing market for the 12
months ending with the 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Merced is 71%. In other words, when tested against historical
data, the forecasting methodology was correct 71% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Merced is 71% 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 Merced Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      71%

The forecast for the trend in the Merced housing market for the 3 years ending
with the 4th Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Merced is 71%. In other words, when tested against historical data, the
forecasting methodology was correct 71% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Merced is 71% 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 Merced Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Merced, California


Historical Home Price Appreciation
Last Quarter                         1.01%
Last Year                              10.9%
Last 5 Years                         83%
Last 10 Years                       -8%
Last 20 Years                       112%
Decline From All Time High   30.67%


Annual Home Price Appreciation Rates
1988      8.17%
1989      17.87%
1990      16.56%
1991      0.07%
1992      -1.65%
1993      -2.48%
1994      -4.80%
1995      1.18%
1996      -1.24%
1997      4.01%
1998      3.54%
1999      2.03%
2000      19.09%
2001      14.31%
2002      12.26%
2003      13.53%
2004      25.50%
2005      30.27%
2006      -0.66%
2007      -22.70%
2008      -45.18%
2009      -10.50%
2010      2.59%
2011      -5.08%
2012      5.84%
2013      26.99%
2014      12.44%
2015      8.60%
2016      6.18%
2017      10.87%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.01%         Rank: 166 of 381 (56th Percentile)
Last Year  . . . . . . . . . . . . . . . .  10.9%          Rank: 23 of 381 (94th Percentile)
Last 5 Years                              83%            Rank: 7 of 381 (98th Percentile)
Last 10 Years  . . . . . . . . . . . .   -8%            Rank: 327 of 381 (14th Percentile)
Last 20 Years                            112%          Rank: 93 of 379 (75th Percentile)
Decline From All Time High        30.67%

The change in home prices for Merced, CA are shown above for five time
periods. For example: Merced appreciated 1.01% in the Last Quarter. At that
rate, the Merced Real Estate Market was ranked 166th out of 381 metropolitan
Real Estate Markets. Merced was in the 56th percentile. So Merced, CA
performed better in the Last Quarter than 56% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Merced, California

The all time high in the Merced Home Price Index was 316.3 in the 2nd Quarter,
of 2006. The 4th Quarter, 2017 index value was 219.3. That's a decline of
97.01 points or 30.67% below the Merced Home Price Index all time high.  The
Home Price Index indicates that the Merced Market is down 8% over the last 10
years. Home prices in the Merced Real Estate Market have gained 10.87% over
the last 12 months. Over the last thirty years, it is up 200%.

The 4th Quarter index value was 2.20 points higher than the 3rd Quarter, 2017
index value of 217.11, resulting in a 1.01% rise in the 4th Quarter for the
Merced Market.

The Merced Home Price Index has increased for the last 22 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 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 highest annual change in the value of houses in the Merced Real Estate
Market was 33% in the twelve months ended with the 2nd Quarter of 2005. The
worst annual change in home values  in the Merced Market was -45% in the
twelve months ended with the 4th Quarter of 2008.

The highest growth in home values in the Merced Real Estate Market over a
three year period was 86% in the three years ended with the 4th Quarter of
2005. The worst performance over a three year period in the Merced Market
was -63% in the three years ended with the 3rd Quarter of 2009.

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

The trend of Merced 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 4th Quarter of 2017, Merced Home Prices had a rank of 166, with
appreciation of 1.01%. 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, Merced Home Prices had a rank of 23, with
appreciation during the year of 10.87%. 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, Merced Home Prices
ranked 7, with a total appreciation of 82.6%. 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, Merced Home Prices
had a rank of 327, with appreciation during the decade of -8%. 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, Merced Home Prices
had a rank of 93, with total growth over the 20 year period of 112%. 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 Merced Real Estate
Market is available back to the 2nd Quarter, of 1979. All calculations are based
on the quarterly value of the House Price Index for Merced. 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 Tuesday, April 10, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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