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.
10
Tallahassee Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  1304.56
1st Quarter, 2018 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 1st Quarter of 2019 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 1st Quarter of 2019 than they were in
the 1st Quarter of 2018. Check this page each quarter for updates to the
Tallahassee Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      84%

The forecast for the trend in the Tallahassee housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Tallahassee 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
Tallahassee is 84% 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
Tallahassee Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Tallahassee, Florida


Historical Home Price Appreciation
Last Quarter                         -2.14%
Last Year                              6.0%
Last 5 Years                         22%
Last 10 Years                       -10%
Last 20 Years                       73%
Decline From All Time High   13.12%


Annual Home Price Appreciation Rates
1988      3.68%
1989      4.36%
1990      0.27%
1991      7.32%
1992      1.48%
1993      4.77%
1994      1.48%
1995      4.38%
1996      1.00%
1997      4.45%
1998      4.73%
1999      -0.33%
2000      5.41%
2001      6.95%
2002      6.59%
2003      9.56%
2004      15.03%
2005      16.75%
2006      8.81%
2007      -0.50%
2008      -7.09%
2009      -8.36%
2010      -5.99%
2011      -5.65%
2012      -5.74%
2013      4.85%
2014      2.06%
2015      5.83%
2016      2.73%
2017      9.30%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -2.14%        Rank: 355 of 381 (6th Percentile)
Last Year  . . . . . . . . . . . . . . . .  6.0%           Rank: 181 of 381 (52nd Percentile)
Last 5 Years                              22%            Rank: 171 of 381 (55th Percentile)
Last 10 Years  . . . . . . . . . . . .   -10%           Rank: 350 of 381 (8th Percentile)
Last 20 Years                            73%            Rank: 213 of 379 (43rd Percentile)
Decline From All Time High        13.12%

The change in home prices for Tallahassee, FL are shown above for five time
periods. For example: Tallahassee appreciated -2.14% in the Last Quarter. At
that rate, the Tallahassee Real Estate Market was ranked 355th out of 381
metropolitan Real Estate Markets. Tallahassee was in the 6th percentile. So
Tallahassee, FL performed better in the Last Quarter than 6% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Tallahassee, Florida

The all time high in the Tallahassee Home Price Index was 221.3 in the 2nd
Quarter, of 2007. The 1st Quarter, 2018 index value was 192.2. That's a
decline of 29.04 points or 13.12% below the Tallahassee Home Price Index all
time high.  The Home Price Index indicates that the Tallahassee Market is down
10% over the last 10 years. Home prices in the Tallahassee Real Estate Market
have gained 6.05% over the last 12 months. Over the last thirty years, it is up
149%.

The 1st Quarter index value was 4.20 points lower than the 4th Quarter, 2017
index value of 196.44, resulting in a 2.14% decline for the 1st Quarter in the
Tallahassee Market.

The Tallahassee Home Price Index has declined for the last 2 consecutive
quarters. That makes Tallahassee the current record holder for consecutive
quarterly declines in the Home Price Index (along with Syracuse, NY; Sioux City,
IA; Shreveport, LA and Peoria, IL; which also had 2 consecutive quarterly
declines). 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 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
1st Quarter, 2018 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 1st Quarter of 2018, Tallahassee Home Prices had a rank of 355,
with appreciation of -2.14%. 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, Tallahassee Home Prices had a rank of 181, with
appreciation during the year of 6.05%. 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, Tallahassee Home Prices
ranked 171, with a total appreciation of 21.8%. 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, Tallahassee Home
Prices had a rank of 350, with appreciation during the decade of -10%. 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, Tallahassee Home
Prices had a rank of 213, with total growth over the 20 year period of 73%. 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 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 Wednesday, July 25, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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