Rocky Mount, NC - House Price Index (HPI)
Rocky Mount Real Estate Market - Home Price Forecast
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1000
The House Price Index (HPI) shows changes in Rocky Mount, NC 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
Rocky Mount Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  1259.56
1st Quarter, 2018 Housing Statistics: Rocky Mount, North Carolina


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 Rocky Mount housing market for the
12 months ending with the 1st Quarter of 2019 is UP. The Accuracy of the
Trend Projection for Rocky Mount 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 Rocky Mount is 77% 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
Rocky Mount Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      80%

The forecast for the trend in the Rocky Mount housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Rocky Mount is 80%. In other words, when tested against
historical data, the forecasting methodology was correct 80% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Rocky Mount is 80% 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
Rocky Mount Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Rocky Mount, North Carolina


Historical Home Price Appreciation
Last Quarter                         -1.81%
Last Year                              1.0%
Last 5 Years                         4%
Last 10 Years                       -5%
Last 20 Years                       23%
Decline From All Time High   7.63%


Annual Home Price Appreciation Rates
1988      3.52%
1989      2.41%
1990      3.51%
1991      1.91%
1992      -0.50%
1993      3.57%
1994      2.96%
1995      5.67%
1996      1.67%
1997      5.89%
1998      2.49%
1999      2.71%
2000      2.86%
2001      5.05%
2002      2.72%
2003      1.01%
2004      2.87%
2005      2.48%
2006      3.39%
2007      2.37%
2008      -2.36%
2009      -1.60%
2010      -2.87%
2011      -0.70%
2012      -1.21%
2013      -1.26%
2014      -3.31%
2015      5.69%
2016      1.02%
2017      2.47%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -1.81%        Rank: 347 of 381 (8th Percentile)
Last Year  . . . . . . . . . . . . . . . .  1.0%           Rank: 352 of 381 (7th Percentile)
Last 5 Years                              4%              Rank: 360 of 381 (5th Percentile)
Last 10 Years  . . . . . . . . . . . .   -5%            Rank: 325 of 381 (14th Percentile)
Last 20 Years                            23%            Rank: 375 of 379 (1st Percentile)
Decline From All Time High        7.63%

The change in home prices for Rocky Mount, NC are shown above for five time
periods. For example: Rocky Mount appreciated -1.81% in the Last Quarter. At
that rate, the Rocky Mount Real Estate Market was ranked 347th out of 381
metropolitan Real Estate Markets. Rocky Mount was in the 8th percentile. So
Rocky Mount, NC performed better in the Last Quarter than 8% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Rocky Mount, North Carolina

The all time high in the Rocky Mount Home Price Index was 154.7 in the 2nd
Quarter, of 2008. The 1st Quarter, 2018 index value was 142.9. That's a
decline of 11.81 points or 7.63% below the Rocky Mount Home Price Index all
time high.  The Home Price Index indicates that the Rocky Mount Market is
down 5% over the last 10 years. Home prices in the Rocky Mount Real Estate
Market have gained 0.98% over the last 12 months. Over the last thirty years, it
is up 68%.

The 1st Quarter index value was 2.64 points lower than the 4th Quarter, 2017
index value of 145.55, resulting in a 1.81% decline for the 1st Quarter in the
Rocky Mount Market.

The Rocky Mount Home Price Index has declined for the last 2 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 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 highest annual change in the value of houses in the Rocky Mount Real
Estate Market was 7% in the twelve months ended with the 1st Quarter of 1990.
The worst annual change in home values  in the Rocky Mount Market was -8%
in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Rocky Mount Real Estate Market over
a three year period was 16% in the three years ended with the 1st Quarter of
1998. The worst performance over a three year period in the Rocky Mount
Market was -12% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Rocky Mount Home Price Index
(above). For information about North Carolina 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 Rocky Mount 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 Rocky Mount 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 Rocky Mount 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: Rocky Mount, North Carolina

The trend of Rocky Mount 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, Rocky Mount Home Prices had a rank of 347,
with appreciation of -1.81%. 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, Rocky Mount Home Prices had a rank of 352, with
appreciation during the year of 0.98%. 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, Rocky Mount Home
Prices ranked 360, with a total appreciation of 4.0%. 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, Rocky Mount Home
Prices had a rank of 325, with appreciation during the decade of -5%. 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, Rocky Mount Home
Prices had a rank of 375, with total growth over the 20 year period of 23%. 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 Rocky Mount Real
Estate Market is available back to the 4th Quarter, of 1986. All calculations are
based on the quarterly value of the House Price Index for Rocky Mount. 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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