Morgantown, WV - House Price Index (HPI)
Morgantown Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Morgantown, WV 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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Morgantown Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  433.56
4th Quarter, 2017 Housing Statistics: Morgantown, West Virginia


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      70%

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 Morgantown housing market for the 12
months ending with the 4th Quarter of 2018 is DOWN. The Accuracy of the
Trend Projection for Morgantown is 70%. In other words, when tested against
historical data, the forecasting methodology was correct 70% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for falling house
prices in Morgantown is 70% during this period. If this Housing Market Forecast
is correct, home prices will be lower in the 4th Quarter of 2018 than they were in
the 4th Quarter of 2017. Check this page each quarter for updates to the
Morgantown Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      84%

The forecast for the trend in the Morgantown housing market for the 3 years
ending with the 4th Quarter of 2020 is DOWN. The Accuracy of the Trend
Prediction for Morgantown is 84%. In other words, when tested against historical
data, the forecasting methodology was correct 84% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for falling house prices in
Morgantown is 84% during this period. If this Housing Market Forecast is
correct, home values will be lower in the 4th Quarter of 2020 than they were in
the 4th Quarter of 2017. Check this page each quarter for updates to the
Morgantown Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Morgantown, West Virginia


Historical Home Price Appreciation
Last Quarter                         -6.58%
Last Year                              -0.3%
Last 5 Years                         13%
Last 10 Years                       17%
Last 20 Years                       99%
Decline From All Time High   6.58%


Annual Home Price Appreciation Rates
1988        n/a
1989        n/a
1990        n/a
1991        n/a
1992        n/a
1993        n/a
1994      1.50%
1995      5.90%
1996      -0.68%
1997      3.94%
1998      1.87%
1999      -0.33%
2000      5.66%
2001      5.72%
2002      4.18%
2003      7.15%
2004      8.19%
2005      18.16%
2006      2.35%
2007      2.28%
2008      0.57%
2009      -1.26%
2010      4.11%
2011      0.10%
2012      0.18%
2013      3.97%
2014      1.89%
2015      3.07%
2016      3.88%
2017      -0.29%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -6.58%        Rank: 380 of 381 (Bottom .20%)
Last Year  . . . . . . . . . . . . . . . .  -0.3%          Rank: 362 of 381 (5th Percentile)
Last 5 Years                              13%            Rank: 262 of 381 (31st Percentile)
Last 10 Years  . . . . . . . . . . . .   17%            Rank: 82 of 381 (78th Percentile)
Last 20 Years                            99%            Rank: 126 of 379 (66th Percentile)
Decline From All Time High        6.58%

The change in home prices for Morgantown, WV are shown above for five time
periods. For example: Morgantown appreciated -6.58% in the Last Quarter. At
that rate, the Morgantown Real Estate Market was ranked 380th out of 381
metropolitan Real Estate Markets. Morgantown was in the bottom .20%. So
Morgantown, WV performed better in the Last Quarter than 0% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Morgantown, West Virginia

The all time high in the Morgantown Home Price Index was 221.2 in the 3rd
Quarter, of 2017. The 4th Quarter, 2017 index value was 206.6. That's a
decline of 14.56 points or 6.58% below the Morgantown Home Price Index all
time high.  The Home Price Index indicates that the Morgantown Market is up
17% over the last 10 years. Home Prices in the Morgantown Real Estate Market
have lost 0.29% over the last 12 months.

The 4th Quarter index value was 14.56 points lower than the 3rd Quarter, 2017
index value of 221.17, resulting in a 6.58% decline for the 4th Quarter in the
Morgantown Market.

The Morgantown 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 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 Morgantown Real
Estate Market was 18% in the twelve months ended with the 4th Quarter of
2005. The worst annual change in home values  in the Morgantown Market was
-5% in the twelve months ended with the 3rd Quarter of 1996.

The highest growth in home values in the Morgantown Real Estate Market over
a three year period was 37% in the three years ended with the 4th Quarter of
2005. The worst performance over a three year period in the Morgantown
Market was -1% in the three years ended with the 1st Quarter of 2012.

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

The trend of Morgantown 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, Morgantown Home Prices had a rank of 380,
with appreciation of -6.58%. 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, Morgantown Home Prices had a rank of 362, with
appreciation during the year of -0.29%. 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, Morgantown Home Prices
ranked 262, with a total appreciation of 13.1%. 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, Morgantown Home
Prices had a rank of 82, with appreciation during the decade of 17%. 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, Morgantown Home
Prices had a rank of 126, with total growth over the 20 year period of 99%. 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 Morgantown Real
Estate Market is available back to the 4th Quarter, of 1994. All calculations are
based on the quarterly value of the House Price Index for Morgantown. 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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