Seattle, WA - House Price Index (HPI)
Seattle Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Seattle-Bellevue-Everett, WA 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
Seattle Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  1281.56
1st Quarter, 2018 Housing Statistics: Seattle, Washington


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      90%

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 Seattle housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Seattle is 90%. In other words, when tested against historical
data, the forecasting methodology was correct 90% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Seattle is 90% 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 Seattle Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      85%

The forecast for the trend in the Seattle housing market for the 3 years ending
with the 1st Quarter of 2021 is UP. The Accuracy of the Trend Prediction for
Seattle is 85%. In other words, when tested against historical data, the
forecasting methodology was correct 85% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Seattle is 85% 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 Seattle Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Seattle, Washington


Historical Home Price Appreciation
Last Quarter                         2.67%
Last Year                              13.4%
Last 5 Years                         71%
Last 10 Years                       32%
Last 20 Years                       196%



Annual Home Price Appreciation Rates
1988      8.21%
1989      23.35%
1990      19.02%
1991      2.14%
1992      1.82%
1993      2.09%
1994      1.67%
1995      3.83%
1996      2.92%
1997      8.37%
1998      9.23%
1999      8.52%
2000      7.61%
2001      5.92%
2002      4.73%
2003      5.56%
2004      10.69%
2005      17.37%
2006      13.80%
2007      4.39%
2008      -7.82%
2009      -10.63%
2010      -4.76%
2011      -5.34%
2012      2.17%
2013      9.97%
2014      8.08%
2015      10.95%
2016      11.98%
2017      14.34%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.67%         Rank: 63 of 381 (83rd Percentile)
Last Year  . . . . . . . . . . . . . . . .  13.4%          Rank: 4 of 381 (99th Percentile)
Last 5 Years                              71%            Rank: 13 of 381 (96th Percentile)
Last 10 Years  . . . . . . . . . . . .   32%            Rank: 23 of 381 (94th Percentile)
Last 20 Years                            196%          Rank: 11 of 379 (97th Percentile)


The change in home prices for Seattle-Bellevue-Everett, WA are shown above
for five time periods. For example: Seattle appreciated 2.67% in the Last
Quarter. At that rate, the Seattle Real Estate Market was ranked 63rd out of
381 metropolitan Real Estate Markets. Seattle was in the 83rd percentile. So
Seattle, WA performed better in the Last Quarter than 83% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Seattle, Washington

The data and analysis on this page pertains to Seattle-Bellevue-Everett, WA,
hereinafter referred to as "Seattle". The all time high in the Seattle Home Price
Index was 347.5 in the 1st Quarter, of 2018.  The Home Price Index indicates
that the Seattle Market is up 32% over the last 10 years. Home prices in the
Seattle Real Estate Market have gained 13.39% over the last 12 months. Over
the last thirty years, it is up 489%.

The 1st Quarter index value was 9.03 points higher than the 4th Quarter, 2017
index value of 338.51, resulting in a 2.67% rise in the 1st Quarter for the
Seattle Market.

The Seattle Home Price Index has increased for the last 23 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 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 Seattle Real Estate
Market was 33% in the twelve months ended with the 2nd Quarter of 1978. The
worst annual change in home values  in the Seattle Market was -11% in the
twelve months ended with the 3rd Quarter of 2009.

The highest growth in home values in the Seattle Real Estate Market over a
three year period was 96% in the three years ended with the 4th Quarter of
1978. The worst performance over a three year period in the Seattle Market
was -24% in the three years ended with the 2nd Quarter of 2011.

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

The trend of Seattle 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 Seattle-Bellevue-Everett, WA, hereinafter referred to as "Seattle".

Last Quarter:
During the 1st Quarter of 2018, Seattle Home Prices had a rank of 63, with
appreciation of 2.67%. 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, Seattle Home Prices had a rank of 4, with
appreciation during the year of 13.39%. 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, Seattle Home Prices
ranked 13, with a total appreciation of 71.4%. 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, Seattle Home Prices had
a rank of 23, with appreciation during the decade of 32%. 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, Seattle Home Prices had
a rank of 11, with total growth over the 20 year period of 196%. 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 Seattle Real Estate
Market is available back to the 4th Quarter, of 1975. All calculations are based
on the quarterly value of the House Price Index for Seattle. 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.


_____________________________________________________________
Report a Problem with this Page    Contact Us     Privacy Policy    Terms of Use/Disclosure
LittleBigHomes.com
1975
1980
1985
1990
1995
2000
2005
2010
2035
2015
2020
2025
2030