Scranton, PA - House Price Index (HPI)
Scranton Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Scranton-Wilkes-Barre, PA 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
Scranton Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  1280.56
1st Quarter, 2018 Housing Statistics: Scranton, Pennsylvania


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      71%

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 Scranton housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Scranton is 71%. In other words, when tested against historical
data, the forecasting methodology was correct 71% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Scranton is 71% 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 Scranton
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      78%

The forecast for the trend in the Scranton housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Scranton 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
Scranton is 78% 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 Scranton
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Scranton, Pennsylvania


Historical Home Price Appreciation
Last Quarter                         2.11%
Last Year                              2.4%
Last 5 Years                         5%
Last 10 Years                       -1%
Last 20 Years                       51%
Decline From All Time High   1.51%


Annual Home Price Appreciation Rates
1988      17.28%
1989      10.04%
1990      0.61%
1991      8.49%
1992      3.74%
1993      3.89%
1994      -3.52%
1995      4.15%
1996      0.43%
1997      4.62%
1998      4.53%
1999      -4.06%
2000      4.84%
2001      7.41%
2002      4.18%
2003      2.33%
2004      6.33%
2005      9.05%
2006      7.88%
2007      4.45%
2008      0.20%
2009      -4.37%
2010      1.05%
2011      -1.29%
2012      -0.85%
2013      -2.43%
2014      0.71%
2015      1.28%
2016      1.70%
2017      1.41%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.11%         Rank: 109 of 381 (71st Percentile)
Last Year  . . . . . . . . . . . . . . . .  2.4%           Rank: 325 of 381 (14th Percentile)
Last 5 Years                              5%              Rank: 356 of 381 (6th Percentile)
Last 10 Years  . . . . . . . . . . . .   -1%            Rank: 294 of 381 (22nd Percentile)
Last 20 Years                            51%            Rank: 305 of 379 (19th Percentile)
Decline From All Time High        1.51%

The change in home prices for Scranton--Wilkes-Barre--Hazleton, PA are
shown above for five time periods. For example: Scranton appreciated 2.11% in
the Last Quarter. At that rate, the Scranton Real Estate Market was ranked
109th out of 381 metropolitan Real Estate Markets. Scranton was in the 71st
percentile. So Scranton, PA performed better in the Last Quarter than 71% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Scranton, Pennsylvania

The data and analysis on this page pertains to
Scranton--Wilkes-Barre--Hazleton, PA, hereinafter referred to as "Scranton".
The all time high in the Scranton Home Price Index was 176.3 in the 1st
Quarter, of 2009. The 1st Quarter, 2018 index value was 173.6. That's a
decline of 2.66 points or 1.51% below the Scranton Home Price Index all time
high.  The Home Price Index indicates that the Scranton Market is down 1%
over the last 10 years. Home prices in the Scranton Real Estate Market have
gained 2.36% over the last 12 months. Over the last thirty years, it is up 157%.

The 1st Quarter index value was 3.59 points higher than the 4th Quarter, 2017
index value of 170.03, resulting in a 2.11% rise in the 1st Quarter for the
Scranton Market.

The Scranton Home Price Index increased in the last quarter after falling in the
previous quarter. 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 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 highest annual change in the value of houses in the Scranton Real Estate
Market was 23% in the twelve months ended with the 1st Quarter of 1989. The
worst annual change in home values  in the Scranton Market was -5% in the
twelve months ended with the 1st Quarter of 1995.

The highest growth in home values in the Scranton Real Estate Market over a
three year period was 50% in the three years ended with the 4th Quarter of
1988. The worst performance over a three year period in the Scranton Market
was -7% in the three years ended with the 2nd Quarter of 2011.

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

The trend of Scranton 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 Scranton--Wilkes-Barre--Hazleton, PA, hereinafter referred to as "Scranton".

Last Quarter:
During the 1st Quarter of 2018, Scranton Home Prices had a rank of 109, with
appreciation of 2.11%. 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, Scranton Home Prices had a rank of 325, with
appreciation during the year of 2.36%. 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, Scranton Home Prices
ranked 356, with a total appreciation of 5.0%. 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, Scranton Home Prices
had a rank of 294, with appreciation during the decade of -1%. 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, Scranton Home Prices
had a rank of 305, with total growth over the 20 year period of 51%. 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 Scranton Real Estate
Market is available back to the 3rd Quarter, of 1984. All calculations are based
on the quarterly value of the House Price Index for Scranton. 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 Wednesday, July 25, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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