Springfield, OH - House Price Index (HPI)
Springfield Real Estate Market - Home Price Forecast (OH)
100
1000
The House Price Index (HPI) shows changes in Springfield, OH 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  532.56
4th Quarter, 2017 Housing Statistics: Springfield, Ohio


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      81%

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 81%. In other words, when tested against historical
data, the forecasting methodology was correct 81% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Springfield is 81% 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:      83%

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 83%. In other words, when tested against historical
data, the forecasting methodology was correct 83% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Springfield is 83% 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, Ohio


Historical Home Price Appreciation
Last Quarter                         -0.93%
Last Year                              1.0%
Last 5 Years                         12%
Last 10 Years                       1%
Last 20 Years                       29%
Decline From All Time High   1.87%


Annual Home Price Appreciation Rates
1988      6.53%
1989      9.75%
1990      2.78%
1991      3.81%
1992      4.00%
1993      5.08%
1994      3.39%
1995      7.26%
1996      4.72%
1997      4.69%
1998      4.55%
1999      2.20%
2000      4.07%
2001      4.28%
2002      2.49%
2003      2.14%
2004      5.40%
2005      2.29%
2006      -2.74%
2007      0.03%
2008      -2.03%
2009      -3.62%
2010      -0.25%
2011      -4.36%
2012      0.07%
2013      -1.59%
2014      2.82%
2015      3.43%
2016      6.07%
2017      0.98%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.93%        Rank: 324 of 381 (15th Percentile)
Last Year  . . . . . . . . . . . . . . . .  1.0%           Rank: 342 of 381 (10th Percentile)
Last 5 Years                              12%            Rank: 274 of 381 (28th Percentile)
Last 10 Years  . . . . . . . . . . . .   1%              Rank: 261 of 381 (31st Percentile)
Last 20 Years                            29%            Rank: 370 of 379 (2nd Percentile)
Decline From All Time High        1.87%

The change in home prices for Springfield, OH are shown above for five time
periods. For example: Springfield appreciated -0.93% in the Last Quarter. At
that rate, the Springfield Real Estate Market was ranked 324th out of 381
metropolitan Real Estate Markets. Springfield was in the 15th percentile. So
Springfield, OH performed better in the Last Quarter than 15% of the 381
metropolitan areas covered in LittleBigHomes.com.

























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

The all time high in the Springfield Home Price Index was 153.3 in the 2nd
Quarter, of 2007. The 4th Quarter, 2017 index value was 150.5. That's a
decline of 2.87 points or 1.87% below the Springfield Home Price Index all time
high.  The Home Price Index indicates that the Springfield Market is up 1% over
the last 10 years. Home prices in the Springfield Real Estate Market have
gained 0.98% over the last 12 months. Over the last thirty years, it is up 113%.

The 4th Quarter index value was 1.42 points lower than the 3rd Quarter, 2017
index value of 151.88, resulting in a 0.93% decline for the 4th Quarter in the
Springfield Market.

The Springfield Home Price Index declined in the last quarter after increasing in
the previous 2 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 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 highest annual change in the value of houses in the Springfield Real
Estate Market was 17% in the twelve months ended with the 2nd Quarter of
1984. The worst annual change in home values  in the Springfield Market was
-12% in the twelve months ended with the 4th Quarter of 1983.

The highest growth in home values in the Springfield Real Estate Market over a
three year period was 24% in the three years ended with the 3rd Quarter of
1988. 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 Ohio 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, Ohio

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 324, with
appreciation of -0.93%. 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 342, with
appreciation during the year of 0.98%. 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 274, with a total appreciation of 12.1%. 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 261, with appreciation during the decade of 1%. 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 370, with total growth over the 20 year period of 29%. 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 4th Quarter, of 1983. 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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