Ocean City, NJ - House Price Index (HPI)
Ocean City Real Estate Market - Home Price Forecast
The House Price Index (HPI) shows changes in Ocean City, NJ 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.
Ocean City Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  27835
3rd Quarter, 2017 Housing Statistics: Ocean City, New Jersey


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      68%

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 Ocean City housing market for the 12
months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Ocean City is 68%. In other words, when tested against historical
data, the forecasting methodology was correct 68% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Ocean City is 68% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2018 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Ocean City
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      71%

The forecast for the trend in the Ocean City housing market for the 3 years
ending with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Ocean City 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
Ocean City is 71% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2020 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Ocean City
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Ocean City, New Jersey


Historical Home Price Appreciation
Last Quarter                         0.82%
Last Year                              7.0%
Last 5 Years                         8%
Last 10 Years                       -13%
Last 20 Years                       156%
Decline From All Time High   16.02%


Annual Home Price Appreciation Rates
1987      15.97%
1988      14.91%
1989      7.69%
1990      -1.95%
1991      2.39%
1992      1.19%
1993      -0.87%
1994      -2.04%
1995      0.87%
1996      0.10%
1997      5.21%
1998      5.68%
1999      13.96%
2000      12.42%
2001      11.99%
2002      14.45%
2003      19.05%
2004      19.48%
2005      16.87%
2006      5.70%
2007      -5.57%
2008      -4.73%
2009      -6.47%
2010      -1.63%
2011      -4.25%
2012      -0.82%
2013      -1.88%
2014      -0.79%
2015      1.88%
2016      4.89%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.82%         Rank: 271 of 381 (28th Percentile)
Last Year  . . . . . . . . . . . . . . . .  7.0%           Rank: 131 of 381 (65th Percentile)
Last 5 Years                              8%              Rank: 327 of 381 (14th Percentile)
Last 10 Years  . . . . . . . . . . . .   -13%           Rank: 354 of 381 (7th Percentile)
Last 20 Years                            156%          Rank: 35 of 379 (91st Percentile)
Decline From All Time High        16.02%

The change in home prices for Ocean City, NJ are shown above for five time
periods. For example: Ocean City appreciated 0.82% in the Last Quarter. At
that rate, the Ocean City Real Estate Market was ranked 271st out of 381
metropolitan Real Estate Markets. Ocean City was in the 28th percentile. So
Ocean City, NJ performed better in the Last Quarter than 28% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Ocean City, New Jersey

The all time high in the Ocean City Home Price Index was 334.2 in the 4th
Quarter, of 2006. The 3rd Quarter, 2017 index value was 280.7. That's a
decline of 53.55 points or 16.02% below the Ocean City Home Price Index all
time high.  The Home Price Index indicates that the Ocean City Market is down
13% over the last 10 years. Home prices in the Ocean City Real Estate Market
have gained 6.98% over the last 12 months. Over the last thirty years, it is up
245%.

The 3rd Quarter index value was 2.28 points higher than the 2nd Quarter, 2017
index value of 278.41, resulting in a 0.82% rise in the 3rd Quarter for the
Ocean City Market.

The Ocean City Home Price Index has increased for 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 25 consecutive quarters. The current record holder for consecutive
declines in the Home Price Index is Carbondale, IL, with declines in the last 3
consecutive quarters.

The highest annual change in the value of houses in the Ocean City Real
Estate Market was 25% in the twelve months ended with the 3rd Quarter of
2004. The worst annual change in home values  in the Ocean City Market was
-9% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Ocean City Real Estate Market over a
three year period was 68% in the three years ended with the 2nd Quarter of
2005. The worst performance over a three year period in the Ocean City
Market was -17% in the three years ended with the 1st Quarter of 2010.

This page provides a long term graph of the Ocean City Home Price Index
(above). For information about New Jersey 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 Ocean City 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 Ocean City 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 Ocean City 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, 2017 Housing Data: Ocean City, New Jersey

The trend of Ocean City 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 2017, Ocean City Home Prices had a rank of 271,
with appreciation of 0.82%. The top performing real estate market during the
3rd Quarter was Pine Bluff, AR, with a rise of 7.86%. The worst market during
that period was Weirton, OH, with appreciation of -9.33%.
The median for all cities during the 3rd Quarter was 1.52%. The average for all
markets during the quarter was 1.39%.

Last Year:
During the last 12 months, Ocean City Home Prices had a rank of 131, with
appreciation during the year of 6.98%. The top performing market during the
last year was Seattle, WA, with an increase of 14.2%. The worst real estate
market during that period was Lawton, OK, with appreciation of -7.3%.
The median for all markets during this period was 5.41%. The average was
5.42%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2017, Ocean City Home Prices
ranked 327, with a total appreciation of 7.6%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 95%.
The worst market during that period was Lawton, OK, with appreciation of -7%.
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 3rd Quarter of 2017, Ocean City Home Prices
had a rank of 354, with appreciation during the decade of -13%. The top
performing market during the period was Denver, CO, with a rise of 63%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -28%.
The median for all markets during the last 10 years was 5%. The average for
the cities over that time frame was 7%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2017, Ocean City Home Prices
had a rank of 35, with total growth over the 20 year period of 156%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 283%. The worst market during the last 20 years was Mansfield,
OH, with appreciation of 20%.
The median for all cities during the last 20 years was 80%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Ocean City Real Estate
Market is available back to the 2nd Quarter, of 1986. All calculations are based
on the quarterly value of the House Price Index for Ocean City. 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 Thursday, January 25, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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