Springfield, MO - House Price Index (HPI)
Springfield Real Estate Market - Home Price Forecast (MO)
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1000
The House Price Index (HPI) shows changes in Springfield, MO 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
Springfield Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  531.56
4th Quarter, 2017 Housing Statistics: Springfield, Missouri


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      84%

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 Springfield housing market for the 12
months ending with the 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Springfield 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
Springfield is 84% 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 Springfield
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      86%

The forecast for the trend in the Springfield housing market for the 3 years
ending with the 4th Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Springfield is 86%. In other words, when tested against historical
data, the forecasting methodology was correct 86% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Springfield is 86% 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 Springfield
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Springfield, Missouri


Historical Home Price Appreciation
Last Quarter                         0.63%
Last Year                              5.0%
Last 5 Years                         17%
Last 10 Years                       7%
Last 20 Years                       52%



Annual Home Price Appreciation Rates
1988      1.57%
1989      2.94%
1990      -0.71%
1991      3.74%
1992      2.86%
1993      5.29%
1994      10.14%
1995      4.29%
1996      2.62%
1997      3.12%
1998      2.42%
1999      -0.07%
2000      3.65%
2001      4.40%
2002      3.88%
2003      3.47%
2004      4.73%
2005      7.16%
2006      4.73%
2007      1.49%
2008      -2.37%
2009      -3.26%
2010      -0.97%
2011      -2.48%
2012      0.62%
2013      0.32%
2014      2.33%
2015      3.18%
2016      5.18%
2017      4.99%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.63%         Rank: 202 of 381 (47th Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.0%           Rank: 214 of 381 (43rd Percentile)
Last 5 Years                              17%            Rank: 217 of 381 (43rd Percentile)
Last 10 Years  . . . . . . . . . . . .   7%              Rank: 182 of 381 (52nd Percentile)
Last 20 Years                            52%            Rank: 305 of 379 (19th Percentile)


The change in home prices for Springfield, MO are shown above for five time
periods. For example: Springfield appreciated 0.63% in the Last Quarter. At
that rate, the Springfield Real Estate Market was ranked 202nd out of 381
metropolitan Real Estate Markets. Springfield was in the 47th percentile. So
Springfield, MO performed better in the Last Quarter than 47% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Springfield, Missouri

The all time high in the Springfield Home Price Index was 166.4 in the 4th
Quarter, of 2017.  The Home Price Index indicates that the Springfield Market is
up 7% over the last 10 years. Home prices in the Springfield Real Estate Market
have gained 4.99% over the last 12 months. Over the last thirty years, it is up
116%.

The 4th Quarter index value was 1.04 points higher than the 3rd Quarter, 2017
index value of 165.32, resulting in a 0.63% rise in the 4th Quarter for the
Springfield Market.

The Springfield 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 Springfield Real
Estate Market was 10% in the twelve months ended with the 4th Quarter of
1994. The worst annual change in home values  in the Springfield Market was
-4% in the twelve months ended with the 1st Quarter of 2011.

The highest growth in home values in the Springfield Real Estate Market over a
three year period was 23% in the three years ended with the 1st Quarter of
1996. The worst performance over a three year period in the Springfield Market
was -10% in the three years ended with the 1st Quarter of 2011.

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

The trend of Springfield 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, Springfield Home Prices had a rank of 202, with
appreciation of 0.63%. 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, Springfield Home Prices had a rank of 214, with
appreciation during the year of 4.99%. 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, Springfield Home Prices
ranked 217, with a total appreciation of 17.0%. 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, Springfield Home Prices
had a rank of 182, with appreciation during the decade of 7%. 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, Springfield Home Prices
had a rank of 305, 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 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 Springfield 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 Springfield. 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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