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.
10
Morgantown Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  1195.56
1st Quarter, 2018 Housing Statistics: Morgantown, West Virginia


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 Morgantown housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Morgantown 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
Morgantown is 71% 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
Morgantown Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      83%

The forecast for the trend in the Morgantown housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Morgantown 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
Morgantown is 83% 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
Morgantown Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Morgantown, West Virginia


Historical Home Price Appreciation
Last Quarter                         2.49%
Last Year                              2.5%
Last 5 Years                         16%
Last 10 Years                       19%
Last 20 Years                       98%
Decline From All Time High   4.21%


Annual Home Price Appreciation Rates
1988        n/a
1989        n/a
1990        n/a
1991        n/a
1992        n/a
1993        n/a
1994      1.49%
1995      5.89%
1996      -0.67%
1997      3.94%
1998      1.86%
1999      -0.33%
2000      5.67%
2001      5.73%
2002      4.13%
2003      7.17%
2004      8.21%
2005      18.19%
2006      2.28%
2007      2.30%
2008      0.57%
2009      -1.26%
2010      4.13%
2011      0.09%
2012      0.11%
2013      4.03%
2014      1.91%
2015      2.90%
2016      4.05%
2017      -0.26%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.49%         Rank: 73 of 381 (81st Percentile)
Last Year  . . . . . . . . . . . . . . . .  2.5%           Rank: 321 of 381 (15th Percentile)
Last 5 Years                              16%            Rank: 237 of 381 (37th Percentile)
Last 10 Years  . . . . . . . . . . . .   19%            Rank: 82 of 381 (78th Percentile)
Last 20 Years                            98%            Rank: 125 of 379 (67th Percentile)
Decline From All Time High        4.21%

The change in home prices for Morgantown, WV are shown above for five time
periods. For example: Morgantown appreciated 2.49% in the Last Quarter. At
that rate, the Morgantown Real Estate Market was ranked 73rd out of 381
metropolitan Real Estate Markets. Morgantown was in the 81st percentile. So
Morgantown, WV performed better in the Last Quarter than 81% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Morgantown, West Virginia

The all time high in the Morgantown Home Price Index was 221.1 in the 3rd
Quarter, of 2017. The 1st Quarter, 2018 index value was 211.8. That's a
decline of 9.32 points or 4.21% below the Morgantown Home Price Index all time
high.  The Home Price Index indicates that the Morgantown Market is up 19%
over the last 10 years. Home prices in the Morgantown Real Estate Market have
gained 2.50% over the last 12 months.

The 1st Quarter index value was 5.14 points higher than the 4th Quarter, 2017
index value of 206.68, resulting in a 2.49% rise in the 1st Quarter for the
Morgantown Market.

The Morgantown Home Price Index increased in the last quarter after falling in
the previous quarter. 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 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
1st Quarter, 2018 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 1st Quarter of 2018, Morgantown Home Prices had a rank of 73, with
appreciation of 2.49%. 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, Morgantown Home Prices had a rank of 321, with
appreciation during the year of 2.50%. 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, Morgantown Home Prices
ranked 237, with a total appreciation of 16.1%. 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, Morgantown Home
Prices had a rank of 82, with appreciation during the decade of 19%. 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, Morgantown Home
Prices had a rank of 125, with total growth over the 20 year period of 98%. 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 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 Monday, July 23, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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