Panama City, FL - House Price Index (HPI)
Panama City Real Estate Market - Home Price Forecast
The House Price Index (HPI) shows changes in Panama City-Lynn Haven, FL 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.
Panama City Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  1225.56
1st Quarter, 2018 Housing Statistics: Panama City, Florida


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      82%

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 Panama City housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Panama City is 82%. In other words, when tested against
historical data, the forecasting methodology was correct 82% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Panama City is 82% 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
Panama City Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      78%

The forecast for the trend in the Panama City housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Panama City is 78%. In other words, when tested against
historical data, the forecasting methodology was correct 78% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Panama City is 78% 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
Panama City Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Panama City, Florida


Historical Home Price Appreciation
Last Quarter                         0.04%
Last Year                              4.8%
Last 5 Years                         31%
Last 10 Years                       -10%
Last 20 Years                       92%
Decline From All Time High   16.94%


Annual Home Price Appreciation Rates
1988      -0.20%
1989      2.57%
1990      -0.13%
1991      1.38%
1992      5.51%
1993      5.19%
1994      2.90%
1995      8.04%
1996      3.01%
1997      5.69%
1998      6.08%
1999      1.41%
2000      3.86%
2001      8.33%
2002      7.18%
2003      11.36%
2004      27.64%
2005      24.49%
2006      2.98%
2007      -7.27%
2008      -11.11%
2009      -9.43%
2010      -5.19%
2011      -9.49%
2012      -1.20%
2013      3.49%
2014      3.16%
2015      6.12%
2016      10.73%
2017      4.57%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.04%         Rank: 278 of 381 (27th Percentile)
Last Year  . . . . . . . . . . . . . . . .  4.8%           Rank: 246 of 381 (35th Percentile)
Last 5 Years                              31%            Rank: 118 of 381 (69th Percentile)
Last 10 Years  . . . . . . . . . . . .   -10%           Rank: 351 of 381 (7th Percentile)
Last 20 Years                            92%            Rank: 138 of 379 (63rd Percentile)
Decline From All Time High        16.94%

The change in home prices for Panama City, FL are shown above for five time
periods. For example: Panama City appreciated 0.04% in the Last Quarter. At
that rate, the Panama City Real Estate Market was ranked 278th out of 381
metropolitan Real Estate Markets. Panama City was in the 27th percentile. So
Panama City, FL performed better in the Last Quarter than 27% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Panama City, Florida

The data and analysis on this page pertains to Panama City, FL, hereinafter
referred to as "Panama City". The all time high in the Panama City Home Price
Index was 268.6 in the 4th Quarter, of 2006. The 1st Quarter, 2018 index value
was 223.1. That's a decline of 45.50 points or 16.94% below the Panama City
Home Price Index all time high.  The Home Price Index indicates that the
Panama City Market is down 10% over the last 10 years. Home prices in the
Panama City Real Estate Market have gained 4.81% over the last 12 months.
Over the last thirty years, it is up 189%.

The 1st Quarter index value was 0.08 points higher than the 4th Quarter, 2017
index value of 223.04, resulting in a 0.04% rise in the 1st Quarter for the
Panama City Market.

The Panama 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 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 Panama City Real
Estate Market was 31% in the twelve months ended with the 1st Quarter of
2005. The worst annual change in home values  in the Panama City Market was
-17% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Panama City Real Estate Market over
a three year period was 78% in the three years ended with the 1st Quarter of
2006. The worst performance over a three year period in the Panama City
Market was -29% in the three years ended with the 1st Quarter of 2010.

This page provides a long term graph of the Panama City 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 Panama 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 Panama 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 Panama 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: Panama City, Florida

The trend of Panama 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. The data and analysis on this page pertains
to Panama City, FL, hereinafter referred to as "Panama City".

Last Quarter:
During the 1st Quarter of 2018, Panama City Home Prices had a rank of 278,
with appreciation of 0.04%. 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, Panama City Home Prices had a rank of 246, with
appreciation during the year of 4.81%. 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, Panama City Home Prices
ranked 118, with a total appreciation of 31.1%. 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, Panama City Home
Prices had a rank of 351, with appreciation during the decade of -10%. 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, Panama City Home
Prices had a rank of 138, with total growth over the 20 year period of 92%. 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 Panama City Real
Estate Market is available back to the 3rd Quarter, of 1986. All calculations are
based on the quarterly value of the House Price Index for Panama 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 Tuesday, July 24, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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