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  27902
3rd Quarter, 2017 Housing Statistics: Scranton, Pennsylvania


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      70%

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 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Scranton is 70%. In other words, when tested against historical
data, the forecasting methodology was correct 70% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Scranton is 70% 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 Scranton
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      77%

The forecast for the trend in the Scranton housing market for the 3 years
ending with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Scranton 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
Scranton is 77% 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 Scranton
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Scranton, Pennsylvania


Historical Home Price Appreciation
Last Quarter                         4.27%
Last Year                              4.5%
Last 5 Years                         6%
Last 10 Years                       2%
Last 20 Years                       62%
Decline From All Time High   0.03%


Annual Home Price Appreciation Rates
1987      15.53%
1988      17.16%
1989      9.87%
1990      0.69%
1991      8.45%
1992      3.69%
1993      4.02%
1994      -3.62%
1995      4.16%
1996      0.77%
1997      4.43%
1998      4.45%
1999      -4.03%
2000      4.96%
2001      7.37%
2002      3.98%
2003      2.53%
2004      6.28%
2005      8.92%
2006      8.10%
2007      4.31%
2008      0.34%
2009      -4.40%
2010      0.99%
2011      -1.28%
2012      -0.73%
2013      -2.44%
2014      0.68%
2015      1.01%
2016      1.70%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              4.27%         Rank: 16 of 381 (96th Percentile)
Last Year  . . . . . . . . . . . . . . . .  4.5%           Rank: 230 of 381 (39th Percentile)
Last 5 Years                              6%              Rank: 344 of 381 (9th Percentile)
Last 10 Years  . . . . . . . . . . . .   2%              Rank: 228 of 381 (40th Percentile)
Last 20 Years                            62%            Rank: 270 of 379 (28th Percentile)
Decline From All Time High        0.03%

The change in home prices for Scranton--Wilkes-Barre--Hazleton, PA are
shown above for five time periods. For example: Scranton appreciated 4.27% in
the Last Quarter. At that rate, the Scranton Real Estate Market was ranked
16th out of 381 metropolitan Real Estate Markets. Scranton was in the 96th
percentile. So Scranton, PA performed better in the Last Quarter than 96% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 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 177.0 in the 1st
Quarter, of 2009. The 3rd Quarter, 2017 index value was 176.9. That's a
decline of 0.06 points or 0.03% below the Scranton Home Price Index all time
high.  The Home Price Index indicates that the Scranton Market is up 2% over
the last 10 years. Home prices in the Scranton Real Estate Market have gained
4.48% over the last 12 months. Over the last thirty years, it is up 154%.

The 3rd Quarter index value was 7.24 points higher than the 2nd Quarter, 2017
index value of 169.67, resulting in a 4.27% rise in the 3rd 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 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 Scranton Real Estate
Market was 22% 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
3rd Quarter, 2017 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 3rd Quarter of 2017, Scranton Home Prices had a rank of 16, with
appreciation of 4.27%. 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, Scranton Home Prices had a rank of 230, with
appreciation during the year of 4.48%. 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, Scranton Home Prices
ranked 344, with a total appreciation of 6.4%. 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, Scranton Home Prices
had a rank of 228, with appreciation during the decade of 2%. 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, Scranton Home Prices
had a rank of 270, with total growth over the 20 year period of 62%. 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 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 Monday, February 5, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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