Reno, NV - House Price Index (HPI)
Reno Real Estate Market - Home Price Forecast
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The House Price Index (HPI) shows changes in Reno-Sparks, NV 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.
10
Reno Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  27111
2nd Quarter, 2017 Housing Statistics: Reno, Nevada


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      83%

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 Reno housing market for the 12
months ending with the 2nd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Reno is 83%. In other words, when tested against historical data,
the forecasting methodology was correct 83% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Reno is 83% during this period. If this Housing Market Forecast is correct, home
prices will be higher in the 2nd Quarter of 2018 than they were in the 2nd
Quarter of 2017. Check this page each quarter for updates to the Reno Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      82%

The forecast for the trend in the Reno housing market for the 3 years ending
with the 2nd Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Reno 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
Reno is 82% during this period. If this Housing Market Forecast is correct, home
values will be higher in the 2nd Quarter of 2020 than they were in the 2nd
Quarter of 2017. Check this page each quarter for updates to the Reno Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2017 Housing Data: Reno, Nevada


Historical Home Price Appreciation
Last Quarter                         3.24%
Last Year                              10.2%
Last 5 Years                         93%
Last 10 Years                       -4%
Last 20 Years                       107%
Decline From All Time High   11.52%


Annual Home Price Appreciation Rates
1987      0.13%
1988      3.01%
1989      4.53%
1990      4.61%
1991      5.57%
1992      4.28%
1993      3.15%
1994      3.92%
1995      5.28%
1996      2.00%
1997      2.77%
1998      2.69%
1999      0.66%
2000      4.47%
2001      6.61%
2002      8.26%
2003      14.26%
2004      30.97%
2005      21.52%
2006      -2.48%
2007      -10.23%
2008      -19.29%
2009      -17.21%
2010      -9.98%
2011      -11.14%
2012      4.39%
2013      21.87%
2014      12.56%
2015      15.13%
2016      9.85%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              3.24%         Rank: 136 of 381 (64th Percentile)
Last Year  . . . . . . . . . . . . . . . .  10.2%          Rank: 41 of 381 (89th Percentile)
Last 5 Years                              93%            Rank: 1 of 381 (100th Percentile)
Last 10 Years  . . . . . . . . . . . .   -4%            Rank: 271 of 381 (28th Percentile)
Last 20 Years                            107%          Rank: 103 of 379 (73rd Percentile)
Decline From All Time High        11.52%

The change in home prices for Reno, NV are shown above for five time periods.
For example: Reno appreciated 3.24% in the Last Quarter. At that rate, the
Reno Real Estate Market was ranked 136th out of 381 metropolitan Real Estate
Markets. Reno was in the 64th percentile. So Reno, NV performed better in the
Last Quarter than 64% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2017 Housing Statistics: Reno, Nevada

The data and analysis on this page pertains to Reno, NV, hereinafter referred
to as "Reno". The all time high in the Reno Home Price Index was 251.0 in the
1st Quarter, of 2006. The 2nd Quarter, 2017 index value was 222.1. That's a
decline of 28.92 points or 11.52% below the Reno Home Price Index all time
high.  The Home Price Index indicates that the Reno Market is down 4% over
the last 10 years. Home prices in the Reno Real Estate Market have gained
10.24% over the last 12 months. Over the last thirty years, it is up 198%.

The 2nd Quarter index value was 6.96 points higher than the 1st Quarter, 2017
index value of 215.09, resulting in a 3.24% rise in the 2nd Quarter for the Reno
Market.

The Reno Home Price Index has increased for the last 20 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 24
consecutive quarters. The current record holders for consecutive declines in
the Home Price Index are Manhattan, KS and Longview, TX, with declines in the
last 3 consecutive quarters.

The highest annual change in the value of houses in the Reno Real Estate
Market was 33% in the twelve months ended with the 2nd Quarter of 2005. The
worst annual change in home values  in the Reno Market was -20% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Reno Real Estate Market over a three
year period was 82% in the three years ended with the 4th Quarter of 2005.
The worst performance over a three year period in the Reno Market was -43%
in the three years ended with the 2nd Quarter of 2010.

This page provides a long term graph of the Reno Home Price Index (above).
For information about Nevada 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 Reno 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 Reno 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 Reno 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
2nd Quarter, 2017 Housing Data: Reno, Nevada

The trend of Reno 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 Reno, NV, hereinafter referred to as "Reno".

Last Quarter:
During the 2nd Quarter of 2017, Reno Home Prices had a rank of 136, with
appreciation of 3.24%. The top performing real estate market during the 2nd
Quarter was Weirton, OH, with a rise of 14.58%. The worst market during that
period was Bangor, ME, with appreciation of -4.77%.
The median for all cities during the 2nd Quarter was 2.58%. The average for all
markets during the quarter was 2.50%.

Last Year:
During the last 12 months, Reno Home Prices had a rank of 41, with
appreciation during the year of 10.24%. The top performing market during the
last year was Mount Vernon, WA, with an increase of 15.1%. The worst real
estate market during that period was Pine Bluff, AR, with appreciation of -7.9%.
The median for all markets during this period was 5.39%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2017, Reno Home Prices
outperformed every state, with appreciation of 93.4%. The worst performer
during that period was Jacksonville, NC, with appreciation of -3%.
The median for all cities during this time period was 18%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2017, Reno Home Prices had
a rank of 271, with appreciation during the decade of -4%. The top performing
market during the period was Austin, TX, with a rise of 62%. The worst real
estate market during the 10 year time period was Atlantic City, NJ, with
appreciation of -29%.
The median for all markets during the last 10 years was 4%. The average for
the cities over that time frame was 5%.

Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2017, Reno Home Prices had
a rank of 103, with total growth over the 20 year period of 107%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 289%. The worst market during the last 20 years was Saginaw, MI,
with appreciation of 20%.
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 Reno Real Estate
Market is available back to the 3rd Quarter, of 1978. All calculations are based
on the quarterly value of the House Price Index for Reno. 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 Thursday, October 19, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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