Ocala, FL - House Price Index (HPI)
Ocala Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Ocala, FL single family home prices in logarithmic
scale. The March, 1995 index value equals 100.  Updated Friday, July 17, 2015. Real estate forecasts,
analysis, statistics and appreciation rates are provided below.
10
Ocala Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18690
3rd Quarter, 2014 Housing Statistics: Ocala, Florida


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      75%

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 Ocala housing market for the 12
months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the Trend
Projection for Ocala is 75%. In other words, when tested against historical data,
the forecasting methodology was correct 75% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Ocala is 75% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2015 than they were in the 3rd
Quarter of 2014. Check this page each quarter for updates to the Ocala Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      77%

The forecast for the trend in the Ocala housing market for the 3 years ending
with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend Prediction for
Ocala is 77%. In other words, when tested against historical data, the
forecasting methodology was correct 77% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Ocala is 77% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2017 than they were in the 3rd
Quarter of 2014. Check this page each quarter for updates to the Ocala Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: Ocala, Florida


Historical Home Price Appreciation
Last Quarter                         1.82%
Last Year                              7.6%
Last 5 Years                         -16%
Last 10 Years                       -9%
Last 20 Years                       54%
Decline From All Time High   40.60%


Annual Home Price Appreciation Rates
1984        n/a
1985        n/a
1986        n/a
1987      3.32%
1988      1.31%
1989      1.02%
1990      2.34%
1991      -4.47%
1992      5.10%
1993      1.39%
1994      -1.53%
1995      5.13%
1996      -1.59%
1997      7.32%
1998      4.23%
1999      1.98%
2000      5.08%
2001      6.89%
2002      7.25%
2003      7.64%
2004      15.33%
2005      30.00%
2006      12.11%
2007      -2.57%
2008      -19.81%
2009      -11.89%
2010      -7.69%
2011      -12.97%
2012      0.53%
2013      2.36%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.82%         Rank: 145 of 381 (62nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  7.6%           Rank: 86 of 381 (77th Percentile)
Last 5 Years                              -16%           Rank: 381 of 381 (Bottom .00%)
Last 10 Years  . . . . . . . . . . . .   -9%            Rank: 343 of 381 (10th Percentile)
Last 20 Years                            54%            Rank: 319 of 378 (15th Percentile)
Decline From All Time High        40.60%

The change in home prices for Ocala, FL are shown above for five time
periods. For example: Ocala appreciated 1.82% in the Last Quarter. At that
rate, the Ocala Real Estate Market was ranked 145th out of 381 metropolitan
Real Estate Markets. Ocala was in the 62nd percentile. So Ocala, FL performed
better in the Last Quarter than 62% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: Ocala, Florida

The all time high in the Ocala Home Price Index was 265.1 in the 2nd Quarter,
of 2007. The 3rd Quarter, 2014 index value was 157.5. That's a decline of
107.64 points or 40.60% below the Ocala Home Price Index all time high.  The
Home Price Index indicates that the Ocala Market is down 9% over the last 10
years. Home prices in the Ocala Real Estate Market have gained 7.56% over
the last 12 months.

The 3rd Quarter index value was 2.82 points higher than the 2nd Quarter, 2014
index value of 154.67, resulting in a 1.82% rise in the 3rd Quarter for the Ocala
Market.

The Ocala Home Price Index has increased for the last 4 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 13
consecutive quarters. The current record holder for consecutive declines in the
Home Price Index is Terre Haute, IN, with declines in the last 3 consecutive
quarters.

The highest annual change in the value of houses in the Ocala Real Estate
Market was 32% in the twelve months ended with the 1st Quarter of 2006. The
worst annual change in home values  in the Ocala Market was -20% in the
twelve months ended with the 4th Quarter of 2008.

The highest growth in home values in the Ocala Real Estate Market over a
three year period was 73% in the three years ended with the 3rd Quarter of
2006. The worst performance over a three year period in the Ocala Market was
-39% in the three years ended with the 2nd Quarter of 2010.

This page provides a long term graph of the Ocala Home Price Index (above).
For information about Florida 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 Ocala 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 Ocala 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 Ocala 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, 2014 Housing Data: Ocala, Florida

The trend of Ocala 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 2014, Ocala Home Prices had a rank of 145, with
appreciation of 1.82%. The top performing real estate market during the 3rd
Quarter was Johnstown, PA, with a rise of 7.10%. The worst market during that
period was Farmington, NM, with appreciation of -4.09%.
The median for all cities during the 3rd Quarter was 1.44%. The average for all
markets during the quarter was 1.49%.

Last Year:
During the last 12 months, Ocala Home Prices had a rank of 86, with
appreciation during the year of 7.56%. The top performing market during the
last year was Madera, CA, with an increase of 19.4%. The worst real estate
market during that period was Jacksonville, NC, with appreciation of -4.5%.
The median for all markets during this period was 3.94%. The average was
4.71%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2014, Ocala Home Prices had
the worst performance in the country, with a total appreciation of -16.2%. The
top performer during the 5 year period was Merced, CA, with appreciation of
45%.
The median for all cities during this time period was 1%. The average over the
5 years was 3%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2014, Ocala Home Prices had
a rank of 343, with appreciation during the decade of -9%. The top performing
market during the period was Midland, TX, with a rise of 129%. The worst real
estate market during the 10 year time period was Las Vegas, NV, with
appreciation of -27%.
The median for all markets during the last 10 years was 10%. The average for
the cities over that time frame was 11%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2014, Ocala Home Prices had
a rank of 319, with total growth over the 20 year period of 54%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 229%. The worst market during the last 20 years was Rockford, IL,
with appreciation of 23%.
The median for all cities during the last 20 years was 75%. The average for the
markets over that time frame was 82%.

Historical research data on the Home Price Index for the Ocala Real Estate
Market is available back to the 3rd Quarter, of 1994. All calculations are based
on the quarterly value of the House Price Index for Ocala. 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.)





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