Parkersburg, OH - House Price Index (HPI)
Parkersburg Real Estate Market - Home Price Forecast
The House Price Index (HPI) shows changes in Parkersburg-Marietta-Vienna, WV-OH 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.
Parkersburg Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  27848
3rd Quarter, 2017 Housing Statistics: Parkersburg, Ohio


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      76%

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 Parkersburg housing market for the 12
months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Parkersburg is 76%. In other words, when tested against
historical data, the forecasting methodology was correct 76% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Parkersburg is 76% 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
Parkersburg Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      78%

The forecast for the trend in the Parkersburg housing market for the 3 years
ending with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Parkersburg 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 Parkersburg is 78% 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
Parkersburg Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Parkersburg, Ohio


Historical Home Price Appreciation
Last Quarter                         -5.19%
Last Year                              2.1%
Last 5 Years                         14%
Last 10 Years                       15%
Last 20 Years                       57%
Decline From All Time High   5.19%


Annual Home Price Appreciation Rates
1987        n/a
1988        n/a
1989        n/a
1990        n/a
1991      3.69%
1992      5.78%
1993      3.43%
1994      8.17%
1995      5.96%
1996      1.60%
1997      2.45%
1998      6.16%
1999      2.88%
2000      4.58%
2001      4.20%
2002      3.32%
2003      2.33%
2004      3.35%
2005      2.46%
2006      6.54%
2007      -0.56%
2008      -2.09%
2009      2.43%
2010      0.90%
2011      -3.40%
2012      3.99%
2013      1.43%
2014      5.24%
2015      3.18%
2016      -1.79%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -5.19%        Rank: 379 of 381 (Bottom .50%)
Last Year  . . . . . . . . . . . . . . . .  2.1%           Rank: 320 of 381 (16th Percentile)
Last 5 Years                              14%            Rank: 246 of 381 (35th Percentile)
Last 10 Years  . . . . . . . . . . . .   15%            Rank: 104 of 381 (72nd Percentile)
Last 20 Years                            57%            Rank: 287 of 379 (24th Percentile)
Decline From All Time High        5.19%

The change in home prices for Parkersburg-Vienna, WV are shown above for
five time periods. For example: Parkersburg appreciated -5.19% in the Last
Quarter. At that rate, the Parkersburg Real Estate Market was ranked 379th out
of 381 metropolitan Real Estate Markets. Parkersburg was in the bottom .50%.
So Parkersburg, OH performed better in the Last Quarter than 0% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Parkersburg, Ohio

The data and analysis on this page pertains to Parkersburg-Vienna, WV,
hereinafter referred to as "Parkersburg". The all time high in the Parkersburg
Home Price Index was 186.4 in the 2nd Quarter, of 2017. The 3rd Quarter,
2017 index value was 176.7. That's a decline of 9.68 points or 5.19% below the
Parkersburg Home Price Index all time high.  The Home Price Index indicates
that the Parkersburg Market is up 15% over the last 10 years. Home prices in
the Parkersburg Real Estate Market have gained 2.14% over the last 12
months.

The 3rd Quarter index value was 9.68 points lower than the 2nd Quarter, 2017
index value of 186.36, resulting in a 5.19% decline for the 3rd Quarter in the
Parkersburg Market.

The Parkersburg Home Price Index declined in the last quarter after increasing
in the previous quarter. The current record holder for consecutive declines in
the Home Price Index is Carbondale, 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 25 consecutive quarters.

The highest annual change in the value of houses in the Parkersburg Real
Estate Market was 15% in the twelve months ended with the 1st Quarter of
2016. The worst annual change in home values  in the Parkersburg Market was
-5% in the twelve months ended with the 1st Quarter of 2015.

The highest growth in home values in the Parkersburg Real Estate Market over
a three year period was 21% in the three years ended with the 1st Quarter of
1994. The worst performance over a three year period in the Parkersburg
Market was -4% in the three years ended with the 1st Quarter of 2011.

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

The trend of Parkersburg 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 Parkersburg-Vienna, WV, hereinafter referred to as "Parkersburg".

Last Quarter:
During the 3rd Quarter of 2017, Parkersburg Home Prices had a rank of 379,
with appreciation of -5.19%. 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, Parkersburg Home Prices had a rank of 320, with
appreciation during the year of 2.14%. 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, Parkersburg Home Prices
ranked 246, with a total appreciation of 13.9%. 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, Parkersburg Home
Prices had a rank of 104, with appreciation during the decade of 15%. 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, Parkersburg Home
Prices had a rank of 287, with total growth over the 20 year period of 57%. 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 Parkersburg Real
Estate Market is available back to the 4th Quarter, of 1988. All calculations are
based on the quarterly value of the House Price Index for Parkersburg. 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, January 29, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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