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  1213.56
1st Quarter, 2018 Housing Statistics: Ocean City, New Jersey


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      67%

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 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Ocean City is 67%. In other words, when tested against historical
data, the forecasting methodology was correct 67% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Ocean City is 67% 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 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 1st Quarter of 2021 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 1st Quarter of 2021 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Ocean City
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Ocean City, New Jersey


Historical Home Price Appreciation
Last Quarter                         -0.77%
Last Year                              1.2%
Last 5 Years                         3%
Last 10 Years                       -14%
Last 20 Years                       144%
Decline From All Time High   18.19%


Annual Home Price Appreciation Rates
1988      14.90%
1989      7.71%
1990      -1.91%
1991      2.37%
1992      1.15%
1993      -0.86%
1994      -2.01%
1995      0.84%
1996      0.10%
1997      5.23%
1998      5.69%
1999      13.89%
2000      12.47%
2001      12.03%
2002      14.42%
2003      18.95%
2004      19.46%
2005      17.01%
2006      5.74%
2007      -5.64%
2008      -4.75%
2009      -6.46%
2010      -1.66%
2011      -4.27%
2012      -0.75%
2013      -2.24%
2014      -0.79%
2015      2.18%
2016      4.90%
2017      0.94%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.77%        Rank: 324 of 381 (15th Percentile)
Last Year  . . . . . . . . . . . . . . . .  1.2%           Rank: 348 of 381 (8th Percentile)
Last 5 Years                              3%              Rank: 367 of 381 (3rd Percentile)
Last 10 Years  . . . . . . . . . . . .   -14%           Rank: 372 of 381 (2nd Percentile)
Last 20 Years                            144%          Rank: 41 of 379 (89th Percentile)
Decline From All Time High        18.19%

The change in home prices for Ocean City, NJ are shown above for five time
periods. For example: Ocean City appreciated -0.77% in the Last Quarter. At
that rate, the Ocean City Real Estate Market was ranked 324th out of 381
metropolitan Real Estate Markets. Ocean City was in the 15th percentile. So
Ocean City, NJ performed better in the Last Quarter than 15% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Ocean City, New Jersey

The all time high in the Ocean City Home Price Index was 334.8 in the 4th
Quarter, of 2006. The 1st Quarter, 2018 index value was 273.9. That's a
decline of 60.92 points or 18.19% below the Ocean City Home Price Index all
time high.  The Home Price Index indicates that the Ocean City Market is down
14% over the last 10 years. Home prices in the Ocean City Real Estate Market
have gained 1.25% over the last 12 months. Over the last thirty years, it is up
220%.

The 1st Quarter index value was 2.12 points lower than the 4th Quarter, 2017
index value of 276.02, resulting in a 0.77% decline for the 1st Quarter in the
Ocean City Market.

The Ocean City Home Price Index has declined for the last 2 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 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 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
1st Quarter, 2018 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 1st Quarter of 2018, Ocean City Home Prices had a rank of 324,
with appreciation of -0.77%. 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, Ocean City Home Prices had a rank of 348, with
appreciation during the year of 1.25%. 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, Ocean City Home Prices
ranked 367, with a total appreciation of 2.5%. 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, Ocean City Home Prices
had a rank of 372, with appreciation during the decade of -14%. 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, Ocean City Home Prices
had a rank of 41, with total growth over the 20 year period of 144%. 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 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 Monday, July 23, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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