Tallahassee Real Estate Market - Home Price Forecast
Tallahassee, FL - House Price Index (HPI)
100
1000
The House Price Index (HPI) shows changes in Tallahassee, FL 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.
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Tallahassee Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  27164
2nd Quarter, 2017 Housing Statistics: Tallahassee, Florida


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      86%

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 Tallahassee housing market for the 12
months ending with the 2nd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Tallahassee 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
Tallahassee is 86% during this period. If this Housing Market Forecast is
correct, home prices will be higher in the 2nd Quarter of 2018 than they were in
the 2nd Quarter of 2017. Check this page each quarter for updates to the
Tallahassee Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      82%

The forecast for the trend in the Tallahassee housing market for the 3 years
ending with the 2nd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Tallahassee is 82%. In other words, when tested against historical
data, the forecasting methodology was correct 82% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Tallahassee is 82% during this period. If this Housing Market Forecast is
correct, home values will be higher in the 2nd Quarter of 2020 than they were in
the 2nd Quarter of 2017. Check this page each quarter for updates to the
Tallahassee Real Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2017 Housing Data: Tallahassee, Florida


Historical Home Price Appreciation
Last Quarter                         6.99%
Last Year                              5.9%
Last 5 Years                         22%
Last 10 Years                       -13%
Last 20 Years                       80%
Decline From All Time High   12.95%


Annual Home Price Appreciation Rates
1987      1.88%
1988      3.63%
1989      4.40%
1990      0.20%
1991      7.34%
1992      1.50%
1993      4.85%
1994      1.46%
1995      4.45%
1996      0.91%
1997      4.47%
1998      4.77%
1999      -0.35%
2000      5.41%
2001      6.92%
2002      6.61%
2003      9.55%
2004      14.94%
2005      16.80%
2006      8.87%
2007      -0.53%
2008      -7.08%
2009      -8.32%
2010      -6.01%
2011      -5.63%
2012      -5.72%
2013      4.84%
2014      3.06%
2015      4.64%
2016      3.02%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              6.99%         Rank: 8 of 381 (98th Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.9%           Rank: 168 of 381 (56th Percentile)
Last 5 Years                              22%            Rank: 150 of 381 (60th Percentile)
Last 10 Years  . . . . . . . . . . . .   -13%           Rank: 336 of 381 (11th Percentile)
Last 20 Years                            80%            Rank: 186 of 379 (51st Percentile)
Decline From All Time High        12.95%

The change in home prices for Tallahassee, FL are shown above for five time
periods. For example: Tallahassee appreciated 6.99% in the Last Quarter. At
that rate, the Tallahassee Real Estate Market was ranked 8th out of 381
metropolitan Real Estate Markets. Tallahassee was in the 98th percentile. So
Tallahassee, FL performed better in the Last Quarter than 98% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2017 Housing Statistics: Tallahassee, Florida

The all time high in the Tallahassee Home Price Index was 221.4 in the 2nd
Quarter, of 2007. The 2nd Quarter, 2017 index value was 192.7. That's a
decline of 28.68 points or 12.95% below the Tallahassee Home Price Index all
time high.  The Home Price Index indicates that the Tallahassee Market is down
13% over the last 10 years. Home prices in the Tallahassee Real Estate Market
have gained 5.87% over the last 12 months. Over the last thirty years, it is up
143%.

The 2nd Quarter index value was 12.59 points higher than the 1st Quarter,
2017 index value of 180.14, resulting in a 6.99% rise in the 2nd Quarter for the
Tallahassee Market.

The Tallahassee Home Price Index increased in the last quarter after falling in
the previous 2 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 24 consecutive quarters. The current record holders for
consecutive declines in the Home Price Index are Manhattan, KS and Longview,
TX, with declines in the last 3 consecutive quarters.

The highest annual change in the value of houses in the Tallahassee Real
Estate Market was 17% in the twelve months ended with the 3rd Quarter of
2005. The worst annual change in home values  in the Tallahassee Market was
-10% in the twelve months ended with the 4th Quarter of 1984.

The highest growth in home values in the Tallahassee Real Estate Market over
a three year period was 50% in the three years ended with the 3rd Quarter of
2006. The worst performance over a three year period in the Tallahassee
Market was -22% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Tallahassee Home Price Index
(above). For information about Florida 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 Tallahassee 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 Tallahassee 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 Tallahassee 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
2nd Quarter, 2017 Housing Data: Tallahassee, Florida

The trend of Tallahassee 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 2nd Quarter of 2017, Tallahassee Home Prices had a rank of 8, with
appreciation of 6.99%. The top performing real estate market during the 2nd
Quarter was Weirton, OH, with a rise of 14.58%. The worst market during that
period was Bangor, ME, with appreciation of -4.77%.
The median for all cities during the 2nd Quarter was 2.58%. The average for all
markets during the quarter was 2.50%.

Last Year:
During the last 12 months, Tallahassee Home Prices had a rank of 168, with
appreciation during the year of 5.87%. The top performing market during the
last year was Mount Vernon, WA, with an increase of 15.1%. The worst real
estate market during that period was Pine Bluff, AR, with appreciation of -7.9%.
The median for all markets during this period was 5.39%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2017, Tallahassee Home
Prices ranked 150, with a total appreciation of 22.1%. The top performing real
estate market during the 5 year period was Reno, NV, with a growth in value of
93%. The worst market during that period was Jacksonville, NC, with
appreciation of -3%.
The median for all cities during this time period was 18%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2017, Tallahassee Home
Prices had a rank of 336, with appreciation during the decade of -13%. The top
performing market during the period was Austin, TX, with a rise of 62%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -29%.
The median for all markets during the last 10 years was 4%. The average for
the cities over that time frame was 5%.

Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2017, Tallahassee Home
Prices had a rank of 186, with total growth over the 20 year period of 80%. The
top performing real estate market during the period was San Francisco, CA,
with an increase of 289%. The worst market during the last 20 years was
Saginaw, MI, with appreciation of 20%.
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 Tallahassee Real
Estate Market is available back to the 1st Quarter, of 1981. All calculations are
based on the quarterly value of the House Price Index for Tallahassee. 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, October 26, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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