Provo, UT - House Price Index (HPI)
Provo Real Estate Market - Home Price Forecast
The House Price Index (HPI) shows changes in Provo-Orem, UT 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.
Provo Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  481.56
4th Quarter, 2017 Housing Statistics: Provo, Utah


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      77%

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 Provo housing market for the 12
months ending with the 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Provo is 77%. In other words, when tested against historical data,
the forecasting methodology was correct 77% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Provo is 77% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 4th Quarter of 2018 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the Provo Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      74%

The forecast for the trend in the Provo housing market for the 3 years ending
with the 4th Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Provo is 74%. In other words, when tested against historical data, the
forecasting methodology was correct 74% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Provo is 74% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 4th Quarter of 2020 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the Provo Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Provo, Utah


Historical Home Price Appreciation
Last Quarter                         0.31%
Last Year                              9.6%
Last 5 Years                         45%
Last 10 Years                       13%
Last 20 Years                       89%



Annual Home Price Appreciation Rates
1988      4.67%
1989      3.92%
1990      4.69%
1991      6.50%
1992      9.86%
1993      14.60%
1994      13.77%
1995      12.51%
1996      5.57%
1997      6.01%
1998      3.98%
1999      -0.20%
2000      3.64%
2001      3.50%
2002      0.88%
2003      0.43%
2004      3.71%
2005      9.31%
2006      19.76%
2007      8.69%
2008      -6.76%
2009      -12.63%
2010      -3.17%
2011      -4.78%
2012      4.10%
2013      9.99%
2014      5.18%
2015      6.97%
2016      6.97%
2017      9.55%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.31%         Rank: 235 of 381 (38th Percentile)
Last Year  . . . . . . . . . . . . . . . .  9.6%          Rank: 54 of 381 (86th Percentile)
Last 5 Years                              45%            Rank: 69 of 381 (82nd Percentile)
Last 10 Years  . . . . . . . . . . . .   13%            Rank: 117 of 381 (69th Percentile)
Last 20 Years                            89%            Rank: 150 of 379 (60th Percentile)


The change in home prices for Provo-Orem, UT are shown above for five time
periods. For example: Provo appreciated 0.31% in the Last Quarter. At that
rate, the Provo Real Estate Market was ranked 235th out of 381 metropolitan
Real Estate Markets. Provo was in the 38th percentile. So Provo, UT performed
better in the Last Quarter than 38% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Provo, Utah

The data and analysis on this page pertains to Provo-Orem, UT, hereinafter
referred to as "Provo". The all time high in the Provo Home Price Index was
231.5 in the 4th Quarter, of 2017.  The Home Price Index indicates that the
Provo Market is up 13% over the last 10 years. Home prices in the Provo Real
Estate Market have gained 9.55% over the last 12 months. Over the last thirty
years, it is up 313%.

The 4th Quarter index value was 0.71 points higher than the 3rd Quarter, 2017
index value of 230.81, resulting in a 0.31% rise in the 4th Quarter for the Provo
Market.

The Provo Home Price Index has increased for the last 23 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 26 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Victoria, TX; Topeka, KS; Texarkana,
TX-AR; Springfield, MA and Peoria, IL, with declines in the last 2 consecutive
quarters.

The highest annual change in the value of houses in the Provo Real Estate
Market was 20% in the twelve months ended with the 4th Quarter of 2006. The
worst annual change in home values  in the Provo Market was -14% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Provo Real Estate Market over a
three year period was 48% in the three years ended with the 1st Quarter of
1996. The worst performance over a three year period in the Provo Market was
-25% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Provo Home Price Index (above).
For information about Utah 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 Provo 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 Provo 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 Provo 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
4th Quarter, 2017 Housing Data: Provo, Utah

The trend of Provo 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 Provo-Orem, UT, hereinafter referred to as "Provo".

Last Quarter:
During the 4th Quarter of 2017, Provo Home Prices had a rank of 235, with
appreciation of 0.31%. The top performing real estate market during the 4th
Quarter was Gadsden, AL, with a rise of 13.11%. The worst market during that
period was Hinesville, GA, with appreciation of -6.79%.
The median for all cities during the 4th Quarter was 0.75%. The average for all
markets during the quarter was 0.69%.

Last Year:
During the last 12 months, Provo Home Prices had a rank of 54, with
appreciation during the year of 9.55%. The top performing market during the
last year was Sebastian, FL, with an increase of 16.4%. The worst real estate
market during that period was Goldsboro, NC, with appreciation of -6.9%.
The median for all markets during this period was 5.37%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2017, Provo Home Prices
ranked 69, with a total appreciation of 45.0%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 94%.
The worst market during that period was Goldsboro, NC, with appreciation of
-5%.
The median for all cities during this time period was 19%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2017, Provo Home Prices had
a rank of 117, with appreciation during the decade of 13%. The top performing
market during the period was Denver, CO, with a rise of 65%. The worst real
estate market during the 10 year time period was Atlantic City, NJ, with
appreciation of -27%.
The median for all markets during the last 10 years was 7%. The average for
the cities over that time frame was 8%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2017, Provo Home Prices had
a rank of 150, with total growth over the 20 year period of 89%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 280%. The worst market during the last 20 years was Saginaw, MI,
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 89%.

Historical research data on the Home Price Index for the Provo Real Estate
Market is available back to the 3rd Quarter, of 1983. All calculations are based
on the quarterly value of the House Price Index for Provo. 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 Friday, April 20, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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