Niles, MI - House Price Index (HPI) - 26 Year Chart
Niles Real Estate Market Forecast
The House Price Index (HPI) shows changes in Niles-Benton Harbor, MI 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.
Niles Real Estate Market: Trend, Analysis & Statistics
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Commentary  447.56
4th Quarter, 2017 Housing Statistics: Niles, Michigan


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      91%

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 Niles housing market for the 12 months
ending with the 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Niles is 91%. In other words, when tested against historical data,
the forecasting methodology was correct 91% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in Niles
is 91% 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 Niles Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      84%

The forecast for the trend in the Niles housing market for the 3 years ending
with the 4th Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Niles 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 rising house prices in Niles is 84% 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 Niles Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Niles, Michigan


Historical Home Price Appreciation
Last Quarter                         2.89%
Last Year                              5.8%
Last 5 Years                         21%
Last 10 Years                       5%
Last 20 Years                       67%



Annual Home Price Appreciation Rates
1988      8.99%
1989      6.66%
1990      6.19%
1991      2.20%
1992      4.02%
1993      4.08%
1994      7.12%
1995      7.87%
1996      4.18%
1997      5.67%
1998      5.16%
1999      1.90%
2000      8.81%
2001      5.99%
2002      4.66%
2003      3.88%
2004      4.79%
2005      9.81%
2006      0.61%
2007      2.19%
2008      -4.03%
2009      -3.84%
2010      -2.32%
2011      -3.78%
2012      0.18%
2013      -1.61%
2014      6.30%
2015      4.76%
2016      4.23%
2017      5.81%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.89%         Rank: 31 of 381 (92nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.8%           Rank: 174 of 381 (54th Percentile)
Last 5 Years                              21%            Rank: 172 of 381 (55th Percentile)
Last 10 Years  . . . . . . . . . . . .   5%              Rank: 207 of 381 (45th Percentile)
Last 20 Years                            67%            Rank: 247 of 379 (34th Percentile)


The change in home prices for Niles-Benton Harbor, MI are shown above for
five time periods. For example: Niles appreciated 2.89% in the Last Quarter. At
that rate, the Niles Real Estate Market was ranked 31st out of 381 metropolitan
Real Estate Markets. Niles was in the 92nd percentile. So Niles, MI performed
better in the Last Quarter than 92% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Niles, Michigan

The data and analysis on this page pertains to Niles-Benton Harbor, MI,
hereinafter referred to as "Niles". The all time high in the Niles Home Price Index
was 193.4 in the 4th Quarter, of 2017.  The Home Price Index indicates that the
Niles Market is up 5% over the last 10 years. Home prices in the Niles Real
Estate Market have gained 5.81% over the last 12 months. Over the last thirty
years, it is up 190%.

The 4th Quarter index value was 5.44 points higher than the 3rd Quarter, 2017
index value of 187.98, resulting in a 2.89% rise in the 4th Quarter for the Niles
Market.

The Niles 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 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 Niles Real Estate
Market was 13% in the twelve months ended with the 1st Quarter of 1988. The
worst annual change in home values  in the Niles Market was -6% in the twelve
months ended with the 1st Quarter of 2010.

The highest growth in home values in the Niles Real Estate Market over a three
year period was 38% in the three years ended with the 4th Quarter of 1988.
The worst performance over a three year period in the Niles Market was -13%
in the three years ended with the 2nd Quarter of 2011.

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

The trend of Niles 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 Niles-Benton Harbor, MI, hereinafter referred to as "Niles".

Last Quarter:
During the 4th Quarter of 2017, Niles Home Prices had a rank of 31, with
appreciation of 2.89%. 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, Niles Home Prices had a rank of 174, with
appreciation during the year of 5.81%. 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, Niles Home Prices ranked
172, with a total appreciation of 20.8%. 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, Niles Home Prices had a
rank of 207, with appreciation during the decade of 5%. 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, Niles Home Prices had a
rank of 247, with total growth over the 20 year period of 67%. 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 Niles Real Estate
Market is available back to the 4th Quarter, of 1982. All calculations are based
on the quarterly value of the House Price Index for Niles. 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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