Salt Lake City, UT - House Price Index (HPI)
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1000
The House Price Index (HPI) shows changes in Salt Lake City, 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.
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Salt Lake City Real Estate Market - Home Price Forecast
Salt Lake City Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  27888
3rd Quarter, 2017 Housing Statistics: Salt Lake City, Utah


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      81%

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 Salt Lake City housing market for the
12 months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the
Trend Projection for Salt Lake City is 81%. In other words, when tested against
historical data, the forecasting methodology was correct 81% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Salt Lake City is 81% 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 Salt Lake City Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      74%

The forecast for the trend in the Salt Lake City housing market for the 3 years
ending with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Salt Lake City 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 Salt Lake City is 74% 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 Salt Lake City Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Salt Lake City, Utah


Historical Home Price Appreciation
Last Quarter                         2.25%
Last Year                              10.6%
Last 5 Years                         46%
Last 10 Years                       19%
Last 20 Years                       111%



Annual Home Price Appreciation Rates
1987      -5.31%
1988      -2.40%
1989      3.69%
1990      3.97%
1991      7.53%
1992      8.80%
1993      14.28%
1994      16.97%
1995      10.97%
1996      7.84%
1997      5.89%
1998      4.17%
1999      -0.40%
2000      3.25%
2001      3.62%
2002      1.76%
2003      1.37%
2004      5.08%
2005      13.04%
2006      19.72%
2007      7.87%
2008      -5.47%
2009      -10.18%
2010      -2.54%
2011      -4.17%
2012      3.83%
2013      9.21%
2014      4.84%
2015      6.09%
2016      8.09%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.25%         Rank: 117 of 381 (69th Percentile)
Last Year  . . . . . . . . . . . . . . . .  10.6%          Rank: 25 of 381 (93rd Percentile)
Last 5 Years                              46%            Rank: 69 of 381 (82nd Percentile)
Last 10 Years  . . . . . . . . . . . .   19%            Rank: 70 of 381 (81st Percentile)
Last 20 Years                            111%          Rank: 96 of 379 (74th Percentile)


The change in home prices for Salt Lake City, UT are shown above for five time
periods. For example: Salt Lake City appreciated 2.25% in the Last Quarter. At
that rate, the Salt Lake City Real Estate Market was ranked 117th out of 381
metropolitan Real Estate Markets. Salt Lake City was in the 69th percentile. So
Salt Lake City, UT performed better in the Last Quarter than 69% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Salt Lake City, Utah

The all time high in the Salt Lake City Home Price Index was 257.7 in the 3rd
Quarter, of 2017.  The Home Price Index indicates that the Salt Lake City
Market is up 19% over the last 10 years. Home prices in the Salt Lake City Real
Estate Market have gained 10.58% over the last 12 months. Over the last thirty
years, it is up 322%.

The 3rd Quarter index value was 5.67 points higher than the 2nd Quarter, 2017
index value of 252.01, resulting in a 2.25% rise in the 3rd Quarter for the Salt
Lake City Market.

The Salt Lake City Home Price Index has increased for the last 21 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 current record holder for consecutive
declines in the Home Price Index is Carbondale, IL, with declines in the last 3
consecutive quarters.

The highest annual change in the value of houses in the Salt Lake City Real
Estate Market was 20% in the twelve months ended with the 3rd Quarter of
2006. The worst annual change in home values  in the Salt Lake City Market
was -11% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Salt Lake City Real Estate Market
over a three year period was 50% in the three years ended with the 3rd Quarter
of 1995. The worst performance over a three year period in the Salt Lake City
Market was -20% in the three years ended with the 1st Quarter of 2011.

This page provides a long term graph of the Salt Lake City 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 Salt Lake 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 Salt Lake 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 Salt Lake 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
3rd Quarter, 2017 Housing Data: Salt Lake City, Utah

The trend of Salt Lake 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.

Last Quarter:
During the 3rd Quarter of 2017, Salt Lake City Home Prices had a rank of 117,
with appreciation of 2.25%. 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, Salt Lake City Home Prices had a rank of 25, with
appreciation during the year of 10.58%. 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, Salt Lake City Home
Prices ranked 69, with a total appreciation of 45.7%. 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, Salt Lake City Home
Prices had a rank of 70, with appreciation during the decade of 19%. 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, Salt Lake City Home
Prices had a rank of 96, with total growth over the 20 year period of 111%. 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 Salt Lake City Real
Estate Market is available back to the 2nd Quarter, of 1977. All calculations are
based on the quarterly value of the House Price Index for Salt Lake 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 Monday, February 5, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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