Spartanburg, SC - House Price Index (HPI)
Spartanburg Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Spartanburg, SC 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
Spartanburg Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  527.56
4th Quarter, 2017 Housing Statistics: Spartanburg, South Carolina


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 Spartanburg housing market for the 12
months ending with the 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Spartanburg 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 Spartanburg is 89% during this period. If this Housing Market Forecast
is correct, home prices will be higher in the 4th Quarter of 2018 than they were
in the 4th Quarter of 2017. Check this page each quarter for updates to the
Spartanburg Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      84%

The forecast for the trend in the Spartanburg housing market for the 3 years
ending with the 4th Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Spartanburg is 84%. In other words, when tested against
historical data, the forecasting methodology was correct 84% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Spartanburg is 84% during this period. If this Housing Market Forecast
is correct, home values will be higher in the 4th Quarter of 2020 than they were
in the 4th Quarter of 2017. Check this page each quarter for updates to the
Spartanburg Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Spartanburg, South Carolina


Historical Home Price Appreciation
Last Quarter                         0.75%
Last Year                              7.4%
Last 5 Years                         22%
Last 10 Years                       13%
Last 20 Years                       53%



Annual Home Price Appreciation Rates
1988      1.26%
1989      5.46%
1990      2.26%
1991      4.07%
1992      4.97%
1993      2.91%
1994      4.30%
1995      6.83%
1996      5.20%
1997      4.32%
1998      4.36%
1999      1.26%
2000      2.97%
2001      6.38%
2002      2.86%
2003      0.85%
2004      3.28%
2005      3.09%
2006      3.35%
2007      2.11%
2008      -0.18%
2009      -0.78%
2010      -2.59%
2011      -2.72%
2012      -1.04%
2013      -0.31%
2014      1.79%
2015      4.75%
2016      6.88%
2017      7.43%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.75%         Rank: 189 of 381 (50th Percentile)
Last Year  . . . . . . . . . . . . . . . .  7.4%           Rank: 112 of 381 (70th Percentile)
Last 5 Years                              22%            Rank: 162 of 381 (57th Percentile)
Last 10 Years  . . . . . . . . . . . .   13%            Rank: 118 of 381 (69th Percentile)
Last 20 Years                            53%            Rank: 302 of 379 (20th Percentile)


The change in home prices for Spartanburg, SC are shown above for five time
periods. For example: Spartanburg appreciated 0.75% in the Last Quarter. At
that rate, the Spartanburg Real Estate Market was ranked 189th out of 381
metropolitan Real Estate Markets. Spartanburg was in the 50th percentile. So
Spartanburg, SC performed better in the Last Quarter than 50% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Spartanburg, South Carolina

The all time high in the Spartanburg Home Price Index was 176.2 in the 4th
Quarter, of 2017.  The Home Price Index indicates that the Spartanburg Market
is up 13% over the last 10 years. Home prices in the Spartanburg Real Estate
Market have gained 7.43% over the last 12 months. Over the last thirty years, it
is up 130%.

The 4th Quarter index value was 1.32 points higher than the 3rd Quarter, 2017
index value of 174.84, resulting in a 0.75% rise in the 4th Quarter for the
Spartanburg Market.

The Spartanburg Home Price Index has increased for the last 3 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 26 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Victoria, TX; Topeka, KS; Texarkana,
TX-AR; Springfield, MA and Peoria, IL, with declines in the last 2 consecutive
quarters.

The highest annual change in the value of houses in the Spartanburg Real
Estate Market was 10% in the twelve months ended with the 3rd Quarter of
1989. The worst annual change in home values  in the Spartanburg Market was
-6% in the twelve months ended with the 2nd Quarter of 2010.

The highest growth in home values in the Spartanburg Real Estate Market over
a three year period was 20% in the three years ended with the 4th Quarter of
2017. The worst performance over a three year period in the Spartanburg
Market was -10% in the three years ended with the 2nd Quarter of 2012.

This page provides a long term graph of the Spartanburg Home Price Index
(above). For information about South Carolina 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 Spartanburg 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 Spartanburg 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 Spartanburg 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
4th Quarter, 2017 Housing Data: Spartanburg, South Carolina

The trend of Spartanburg 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 4th Quarter of 2017, Spartanburg Home Prices had a rank of 189,
with appreciation of 0.75%. The top performing real estate market during the
4th Quarter was Gadsden, AL, with a rise of 13.11%. The worst market during
that period was Hinesville, GA, with appreciation of -6.79%.
The median for all cities during the 4th Quarter was 0.75%. The average for all
markets during the quarter was 0.69%.

Last Year:
During the last 12 months, Spartanburg Home Prices had a rank of 112, with
appreciation during the year of 7.43%. The top performing market during the
last year was Sebastian, FL, with an increase of 16.4%. The worst real estate
market during that period was Goldsboro, NC, with appreciation of -6.9%.
The median for all markets during this period was 5.37%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2017, Spartanburg Home Prices
ranked 162, with a total appreciation of 22.0%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 94%.
The worst market during that period was Goldsboro, NC, with appreciation of
-5%.
The median for all cities during this time period was 19%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2017, Spartanburg Home
Prices had a rank of 118, with appreciation during the decade of 13%. The top
performing market during the period was Denver, CO, with a rise of 65%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -27%.
The median for all markets during the last 10 years was 7%. The average for
the cities over that time frame was 8%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2017, Spartanburg Home
Prices had a rank of 302, with total growth over the 20 year period of 53%. The
top performing real estate market during the period was San Francisco, CA,
with an increase of 280%. The worst market during the last 20 years was
Saginaw, MI, 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 89%.

Historical research data on the Home Price Index for the Spartanburg Real
Estate Market is available back to the 2nd Quarter, of 1987. All calculations are
based on the quarterly value of the House Price Index for Spartanburg. 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, April 25, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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