Sumter, SC - House Price Index (HPI)
Sumter Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Sumter, 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
Sumter Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  27923
3rd Quarter, 2017 Housing Statistics: Sumter, South Carolina


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      62%

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 Sumter housing market for the 12
months ending with the 3rd Quarter of 2018 is DOWN. The Accuracy of the
Trend Projection for Sumter is 62%. In other words, when tested against
historical data, the forecasting methodology was correct 62% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for falling house
prices in Sumter is 62% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 3rd Quarter of 2018 than they were in
the 3rd Quarter of 2017. Check this page each quarter for updates to the
Sumter Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      75%

The forecast for the trend in the Sumter housing market for the 3 years ending
with the 3rd Quarter of 2020 is DOWN. The Accuracy of the Trend Prediction
for Sumter is 75%. In other words, when tested against historical data, the
forecasting methodology was correct 75% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for falling house prices in
Sumter is 75% during this period. If this Housing Market Forecast is correct,
home values will be lower in the 3rd Quarter of 2020 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Sumter Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Sumter, South Carolina


Historical Home Price Appreciation
Last Quarter                         0.79%
Last Year                              -0.4%
Last 5 Years                         7%
Last 10 Years                       -3%
Last 20 Years                       55%
Decline From All Time High   3.79%


Annual Home Price Appreciation Rates
1987        n/a
1988        n/a
1989        n/a
1990        n/a
1991      3.02%
1992      3.69%
1993      1.77%
1994      -1.99%
1995      3.92%
1996      4.26%
1997      3.74%
1998      4.04%
1999      3.02%
2000      3.66%
2001      7.13%
2002      1.71%
2003      5.41%
2004      7.17%
2005      4.95%
2006      6.73%
2007      2.26%
2008      -2.70%
2009      2.57%
2010      -2.55%
2011      -0.48%
2012      -1.50%
2013      0.40%
2014      -4.87%
2015      1.73%
2016      2.00%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.79%         Rank: 275 of 381 (27th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -0.4%          Rank: 359 of 381 (5th Percentile)
Last 5 Years                              7%              Rank: 336 of 381 (11th Percentile)
Last 10 Years  . . . . . . . . . . . .   -3%            Rank: 284 of 381 (25th Percentile)
Last 20 Years                            55%            Rank: 297 of 379 (21st Percentile)
Decline From All Time High        3.79%

The change in home prices for Sumter, SC are shown above for five time
periods. For example: Sumter appreciated 0.79% in the Last Quarter. At that
rate, the Sumter Real Estate Market was ranked 275th out of 381 metropolitan
Real Estate Markets. Sumter was in the 27th percentile. So Sumter, SC
performed better in the Last Quarter than 27% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Sumter, South Carolina

The all time high in the Sumter Home Price Index was 184.6 in the 1st Quarter,
of 2008. The 3rd Quarter, 2017 index value was 177.6. That's a decline of 6.99
points or 3.79% below the Sumter Home Price Index all time high.  The Home
Price Index indicates that the Sumter Market is down 3% over the last 10 years.
Home Prices in the Sumter Real Estate Market have lost 0.41% over the last 12
months.

The 3rd Quarter index value was 1.39 points higher than the 2nd Quarter, 2017
index value of 176.25, resulting in a 0.79% rise in the 3rd Quarter for the
Sumter Market.

The Sumter 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 25 consecutive quarters. The current record holder for
consecutive declines in the Home Price Index is Carbondale, IL, with declines in
the last 3 consecutive quarters.

The highest annual change in the value of houses in the Sumter Real Estate
Market was 10% in the twelve months ended with the 1st Quarter of 1996. The
worst annual change in home values  in the Sumter Market was -9% in the
twelve months ended with the 2nd Quarter of 2012.

The highest growth in home values in the Sumter Real Estate Market over a
three year period was 22% in the three years ended with the 1st Quarter of
2007. The worst performance over a three year period in the Sumter Market
was -9% in the three years ended with the 2nd Quarter of 2012.

This page provides a long term graph of the Sumter 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 Sumter 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 Sumter 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 Sumter 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
3rd Quarter, 2017 Housing Data: Sumter, South Carolina

The trend of Sumter 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 3rd Quarter of 2017, Sumter Home Prices had a rank of 275, with
appreciation of 0.79%. The top performing real estate market during the 3rd
Quarter was Pine Bluff, AR, with a rise of 7.86%. The worst market during that
period was Weirton, OH, with appreciation of -9.33%.
The median for all cities during the 3rd Quarter was 1.52%. The average for all
markets during the quarter was 1.39%.

Last Year:
During the last 12 months, Sumter Home Prices had a rank of 359, with
appreciation during the year of -0.41%. The top performing market during the
last year was Seattle, WA, with an increase of 14.2%. The worst real estate
market during that period was Lawton, OK, with appreciation of -7.3%.
The median for all markets during this period was 5.41%. The average was
5.42%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2017, Sumter Home Prices
ranked 336, with a total appreciation of 7.3%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 95%.
The worst market during that period was Lawton, OK, with appreciation of -7%.
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 3rd Quarter of 2017, Sumter Home Prices had
a rank of 284, with appreciation during the decade of -3%. The top performing
market during the period was Denver, CO, with a rise of 63%. The worst real
estate market during the 10 year time period was Atlantic City, NJ, with
appreciation of -28%.
The median for all markets during the last 10 years was 5%. The average for
the cities over that time frame was 7%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2017, Sumter Home Prices had
a rank of 297, with total growth over the 20 year period of 55%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 283%. The worst market during the last 20 years was Mansfield,
OH, with appreciation of 20%.
The median for all cities during the last 20 years was 80%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Sumter Real Estate
Market is available back to the 2nd Quarter, of 1991. All calculations are based
on the quarterly value of the House Price Index for Sumter. 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 Thursday, February 8, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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