Sioux Falls, SD - House Price Index (HPI)
Sioux Falls Real Estate Market - Home Price Forecast
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1000
The House Price Index (HPI) shows changes in Sioux Falls, SD 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
Sioux Falls Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  27909
3rd Quarter, 2017 Housing Statistics: Sioux Falls, South Dakota


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      85%

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 Sioux Falls housing market for the 12
months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Sioux Falls 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
Sioux Falls is 85% 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 Sioux Falls
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      85%

The forecast for the trend in the Sioux Falls housing market for the 3 years
ending with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Sioux Falls 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
Sioux Falls is 85% 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 Sioux Falls
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Sioux Falls, South Dakota


Historical Home Price Appreciation
Last Quarter                         2.62%
Last Year                              7.7%
Last 5 Years                         28%
Last 10 Years                       30%
Last 20 Years                       94%



Annual Home Price Appreciation Rates
1987      1.07%
1988      0.37%
1989      -0.72%
1990      6.54%
1991      6.86%
1992      6.48%
1993      6.99%
1994      6.55%
1995      4.51%
1996      1.19%
1997      5.40%
1998      3.34%
1999      4.43%
2000      3.89%
2001      4.72%
2002      4.28%
2003      5.25%
2004      3.83%
2005      4.92%
2006      2.17%
2007      3.15%
2008      1.34%
2009      -1.27%
2010      0.60%
2011      -0.26%
2012      1.20%
2013      3.16%
2014      4.07%
2015      5.81%
2016      4.64%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.62%         Rank: 84 of 381 (78th Percentile)
Last Year  . . . . . . . . . . . . . . . .  7.7%           Rank: 102 of 381 (73rd Percentile)
Last 5 Years                              28%            Rank: 125 of 381 (67th Percentile)
Last 10 Years  . . . . . . . . . . . .   30%            Rank: 27 of 381 (93rd Percentile)
Last 20 Years                            94%            Rank: 141 of 379 (62nd Percentile)


The change in home prices for Sioux Falls, SD are shown above for five time
periods. For example: Sioux Falls appreciated 2.62% in the Last Quarter. At
that rate, the Sioux Falls Real Estate Market was ranked 84th out of 381
metropolitan Real Estate Markets. Sioux Falls was in the 78th percentile. So
Sioux Falls, SD performed better in the Last Quarter than 78% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Sioux Falls, South Dakota

The all time high in the Sioux Falls Home Price Index was 215.0 in the 3rd
Quarter, of 2017.  The Home Price Index indicates that the Sioux Falls Market is
up 30% over the last 10 years. Home prices in the Sioux Falls Real Estate
Market have gained 7.68% over the last 12 months. Over the last thirty years, it
is up 196%.

The 3rd Quarter index value was 5.49 points higher than the 2nd Quarter, 2017
index value of 209.50, resulting in a 2.62% rise in the 3rd Quarter for the Sioux
Falls Market.

The Sioux Falls 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 Sioux Falls Real
Estate Market was 13% in the twelve months ended with the 1st Quarter of
1989. The worst annual change in home values  in the Sioux Falls Market was
-9% in the twelve months ended with the 1st Quarter of 1988.

The highest growth in home values in the Sioux Falls Real Estate Market over a
three year period was 22% in the three years ended with the 1st Quarter of
1994. The worst performance over a three year period in the Sioux Falls Market
was -2% in the three years ended with the 1st Quarter of 2012.

This page provides a long term graph of the Sioux Falls Home Price Index
(above). For information about South Dakota 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 Sioux Falls 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 Sioux Falls 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 Sioux Falls 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: Sioux Falls, South Dakota

The trend of Sioux Falls 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, Sioux Falls Home Prices had a rank of 84, with
appreciation of 2.62%. 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, Sioux Falls Home Prices had a rank of 102, with
appreciation during the year of 7.68%. 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, Sioux Falls Home Prices
ranked 125, with a total appreciation of 27.9%. 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, Sioux Falls Home Prices
had a rank of 27, with appreciation during the decade of 30%. 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, Sioux Falls Home Prices
had a rank of 141, with total growth over the 20 year period of 94%. 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 Sioux Falls 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 Sioux Falls. 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, February 7, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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