State College, PA - House Price Index (HPI)
State College Real Estate Market - Home Price Forecast
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1000
The House Price Index (HPI) shows changes in State College, PA 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
State College Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  1299.56
1st Quarter, 2018 Housing Statistics: State College, Pennsylvania


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 State College housing market for the
12 months ending with the 1st Quarter of 2019 is UP. The Accuracy of the
Trend Projection for State College 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 State College is 84% 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 State College Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      90%

The forecast for the trend in the State College housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for State College is 90%. In other words, when tested against
historical data, the forecasting methodology was correct 90% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in State College is 90% 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 State College Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: State College, Pennsylvania


Historical Home Price Appreciation
Last Quarter                         0.04%
Last Year                              4.1%
Last 5 Years                         16%
Last 10 Years                       21%
Last 20 Years                       95%
Decline From All Time High   1.70%


Annual Home Price Appreciation Rates
1988        n/a
1989        n/a
1990      -1.77%
1991      10.15%
1992      2.87%
1993      4.09%
1994      2.72%
1995      2.26%
1996      1.73%
1997      4.53%
1998      2.58%
1999      2.40%
2000      4.29%
2001      5.79%
2002      4.27%
2003      5.67%
2004      7.51%
2005      8.57%
2006      4.68%
2007      5.13%
2008      2.78%
2009      -1.03%
2010      0.93%
2011      -0.71%
2012      1.66%
2013      -0.56%
2014      3.41%
2015      4.78%
2016      6.24%
2017      2.69%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.04%         Rank: 277 of 381 (27th Percentile)
Last Year  . . . . . . . . . . . . . . . .  4.1%           Rank: 271 of 381 (28th Percentile)
Last 5 Years                              16%            Rank: 242 of 381 (36th Percentile)
Last 10 Years  . . . . . . . . . . . .   21%            Rank: 63 of 381 (83rd Percentile)
Last 20 Years                            95%            Rank: 133 of 379 (65th Percentile)
Decline From All Time High        1.70%

The change in home prices for State College, PA are shown above for five time
periods. For example: State College appreciated 0.04% in the Last Quarter. At
that rate, the State College Real Estate Market was ranked 277th out of 381
metropolitan Real Estate Markets. State College was in the 27th percentile. So
State College, PA performed better in the Last Quarter than 27% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: State College, Pennsylvania

The all time high in the State College Home Price Index was 224.3 in the 3rd
Quarter, of 2017. The 1st Quarter, 2018 index value was 220.5. That's a
decline of 3.81 points or 1.70% below the State College Home Price Index all
time high.  The Home Price Index indicates that the State College Market is up
21% over the last 10 years. Home prices in the State College Real Estate
Market have gained 4.10% over the last 12 months.

The 1st Quarter index value was 0.09 points higher than the 4th Quarter, 2017
index value of 220.37, resulting in a 0.04% rise in the 1st Quarter for the State
College Market.

The State College 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 State College Real
Estate Market was 10% in the twelve months ended with the 4th Quarter of
1991. The worst annual change in home values  in the State College Market
was -2% in the twelve months ended with the 1st Quarter of 2014.

The highest growth in home values in the State College Real Estate Market
over a three year period was 25% in the three years ended with the 2nd
Quarter of 2006. The worst performance over a three year period in the State
College Market was -1% in the three years ended with the 4th Quarter of 2011.

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

The trend of State College 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 1st Quarter of 2018, State College Home Prices had a rank of 277,
with appreciation of 0.04%. 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, State College Home Prices had a rank of 271, with
appreciation during the year of 4.10%. 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, State College Home
Prices ranked 242, with a total appreciation of 15.8%. 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, State College Home
Prices had a rank of 63, with appreciation during the decade of 21%. 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, State College Home
Prices had a rank of 133, with total growth over the 20 year period of 95%. 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 State College Real
Estate Market is available back to the 2nd Quarter, of 1989. All calculations are
based on the quarterly value of the House Price Index for State College. 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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