South Bend, IN - House Price Index (HPI)
South Bend Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in South Bend-Mishawaka, IN-MI 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
South Bend Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  1288.56
1st Quarter, 2018 Housing Statistics: South Bend, Indiana


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      89%

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 South Bend housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for South Bend is 89%. In other words, when tested against historical
data, the forecasting methodology was correct 89% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
South Bend is 89% 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 South
Bend Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      87%

The forecast for the trend in the South Bend housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for South Bend is 87%. In other words, when tested against historical
data, the forecasting methodology was correct 87% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
South Bend is 87% 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 South
Bend Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: South Bend, Indiana


Historical Home Price Appreciation
Last Quarter                         3.01%
Last Year                              7.1%
Last 5 Years                         21%
Last 10 Years                       10%
Last 20 Years                       52%



Annual Home Price Appreciation Rates
1988      3.88%
1989      4.84%
1990      1.31%
1991      2.25%
1992      3.20%
1993      3.97%
1994      2.86%
1995      5.67%
1996      7.41%
1997      3.07%
1998      4.86%
1999      3.00%
2000      4.31%
2001      4.74%
2002      2.46%
2003      4.17%
2004      3.52%
2005      4.57%
2006      1.49%
2007      1.16%
2008      -1.94%
2009      -3.04%
2010      -1.01%
2011      -2.21%
2012      -0.11%
2013      0.15%
2014      2.52%
2015      1.35%
2016      6.68%
2017      5.57%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              3.01%         Rank: 48 of 381 (87th Percentile)
Last Year  . . . . . . . . . . . . . . . .  7.1%           Rank: 135 of 381 (64th Percentile)
Last 5 Years                              21%            Rank: 182 of 381 (52nd Percentile)
Last 10 Years  . . . . . . . . . . . .   10%            Rank: 168 of 381 (56th Percentile)
Last 20 Years                            52%            Rank: 298 of 379 (21st Percentile)


The change in home prices for South Bend-Mishawaka, IN-MI are shown above
for five time periods. For example: South Bend appreciated 3.01% in the Last
Quarter. At that rate, the South Bend Real Estate Market was ranked 48th out
of 381 metropolitan Real Estate Markets. South Bend was in the 87th
percentile. So South Bend, IN performed better in the Last Quarter than 87% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: South Bend, Indiana

The data and analysis on this page pertains to South Bend-Mishawaka, IN-MI,
hereinafter referred to as "South Bend". The all time high in the South Bend
Home Price Index was 174.7 in the 1st Quarter, of 2018.  The Home Price Index
indicates that the South Bend Market is up 10% over the last 10 years. Home
prices in the South Bend Real Estate Market have gained 7.13% over the last
12 months. Over the last thirty years, it is up 127%.

The 1st Quarter index value was 5.10 points higher than the 4th Quarter, 2017
index value of 169.63, resulting in a 3.01% rise in the 1st Quarter for the South
Bend Market.

The South Bend 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 South Bend Real
Estate Market was 27% in the twelve months ended with the 4th Quarter of
1983. The worst annual change in home values  in the South Bend Market was
-5% in the twelve months ended with the 2nd Quarter of 2010.

The highest growth in home values in the South Bend Real Estate Market over
a three year period was 34% in the three years ended with the 4th Quarter of
1985. The worst performance over a three year period in the South Bend
Market was -10% in the three years ended with the 2nd Quarter of 2011.

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

The trend of South Bend 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 South Bend-Mishawaka, IN-MI, hereinafter referred to as "South Bend".

Last Quarter:
During the 1st Quarter of 2018, South Bend Home Prices had a rank of 48, with
appreciation of 3.01%. 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, South Bend Home Prices had a rank of 135, with
appreciation during the year of 7.13%. 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, South Bend Home Prices
ranked 182, with a total appreciation of 20.9%. 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, South Bend Home Prices
had a rank of 168, with appreciation during the decade of 10%. 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, South Bend Home Prices
had a rank of 298, with total growth over the 20 year period of 52%. 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 South Bend Real
Estate Market is available back to the 2nd Quarter, of 1983. All calculations are
based on the quarterly value of the House Price Index for South Bend. 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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