Olympia Real Estate Market - Home Price Forecast
Olympia, WA - House Price Index (HPI)
The House Price Index (HPI) shows changes in Olympia, WA 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.
Olympia Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  1217.56
1st Quarter, 2018 Housing Statistics: Olympia, Washington


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      88%

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 Olympia housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Olympia is 88%. In other words, when tested against historical
data, the forecasting methodology was correct 88% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Olympia is 88% 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 Olympia Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      84%

The forecast for the trend in the Olympia housing market for the 3 years ending
with the 1st Quarter of 2021 is UP. The Accuracy of the Trend Prediction for
Olympia 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
Olympia is 84% 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 Olympia Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Olympia, Washington


Historical Home Price Appreciation
Last Quarter                         3.70%
Last Year                              11.8%
Last 5 Years                         39%
Last 10 Years                       6%
Last 20 Years                       112%



Annual Home Price Appreciation Rates
1988      1.84%
1989      12.25%
1990      14.08%
1991      11.67%
1992      7.66%
1993      6.43%
1994      5.00%
1995      3.53%
1996      2.96%
1997      3.06%
1998      3.42%
1999      0.40%
2000      4.15%
2001      5.70%
2002      5.30%
2003      6.78%
2004      12.72%
2005      22.00%
2006      12.02%
2007      2.66%
2008      -4.28%
2009      -6.49%
2010      -5.65%
2011      -7.62%
2012      -2.57%
2013      1.21%
2014      5.81%
2015      5.86%
2016      8.78%
2017      9.43%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              3.70%         Rank: 31 of 381 (92nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  11.8%          Rank: 14 of 381 (96th Percentile)
Last 5 Years                              39%            Rank: 89 of 381 (76th Percentile)
Last 10 Years  . . . . . . . . . . . .   6%              Rank: 211 of 381 (44th Percentile)
Last 20 Years                            112%          Rank: 91 of 379 (76th Percentile)


The change in home prices for Olympia-Tumwater, WA are shown above for
five time periods. For example: Olympia appreciated 3.70% in the Last Quarter.
At that rate, the Olympia Real Estate Market was ranked 31st out of 381
metropolitan Real Estate Markets. Olympia was in the 92nd percentile. So
Olympia, WA performed better in the Last Quarter than 92% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Olympia, Washington

The all time high in the Olympia Home Price Index was 232.9 in the 1st Quarter,
of 2018.  The Home Price Index indicates that the Olympia Market is up 6% over
the last 10 years. Home prices in the Olympia Real Estate Market have gained
11.79% over the last 12 months. Over the last thirty years, it is up 322%.

The 1st Quarter index value was 8.30 points higher than the 4th Quarter, 2017
index value of 224.57, resulting in a 3.70% rise in the 1st Quarter for the
Olympia Market.

The Olympia Home Price Index has increased for the last 18 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 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 Olympia Real Estate
Market was 22% in the twelve months ended with the 1st Quarter of 2006. The
worst annual change in home values  in the Olympia Market was -13% in the
twelve months ended with the 3rd Quarter of 1982.

The highest growth in home values in the Olympia Real Estate Market over a
three year period was 56% in the three years ended with the 3rd Quarter of
2006. The worst performance over a three year period in the Olympia Market
was -20% in the three years ended with the 1st Quarter of 2012.

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

The trend of Olympia 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, Olympia Home Prices had a rank of 31, with
appreciation of 3.70%. 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, Olympia Home Prices had a rank of 14, with
appreciation during the year of 11.79%. 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, Olympia Home Prices
ranked 89, with a total appreciation of 39.1%. 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, Olympia Home Prices
had a rank of 211, with appreciation during the decade of 6%. 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, Olympia Home Prices
had a rank of 91, with total growth over the 20 year period of 112%. 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 Olympia Real Estate
Market is available back to the 1st Quarter, of 1982. All calculations are based
on the quarterly value of the House Price Index for Olympia. 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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