Tulsa, OK - House Price Index (HPI)
Tulsa Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Tulsa, OK 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
Tulsa Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  1312.56
1st Quarter, 2018 Housing Statistics: Tulsa, Oklahoma


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      82%

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 Tulsa housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Tulsa 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
Tulsa is 82% 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 Tulsa Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      79%

The forecast for the trend in the Tulsa housing market for the 3 years ending
with the 1st Quarter of 2021 is UP. The Accuracy of the Trend Prediction for
Tulsa is 79%. In other words, when tested against historical data, the
forecasting methodology was correct 79% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Tulsa is 79% 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 Tulsa Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Tulsa, Oklahoma


Historical Home Price Appreciation
Last Quarter                         -1.75%
Last Year                              2.2%
Last 5 Years                         16%
Last 10 Years                       15%
Last 20 Years                       69%
Decline From All Time High   1.75%


Annual Home Price Appreciation Rates
1988      0.27%
1989      1.13%
1990      -0.42%
1991      5.20%
1992      2.54%
1993      4.94%
1994      1.12%
1995      5.51%
1996      4.09%
1997      3.94%
1998      6.64%
1999      3.42%
2000      5.77%
2001      6.06%
2002      3.56%
2003      1.98%
2004      3.00%
2005      3.32%
2006      2.85%
2007      3.79%
2008      0.49%
2009      1.00%
2010      0.10%
2011      -1.99%
2012      1.42%
2013      -0.66%
2014      3.89%
2015      4.65%
2016      3.77%
2017      4.58%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -1.75%        Rank: 345 of 381 (9th Percentile)
Last Year  . . . . . . . . . . . . . . . .  2.2%           Rank: 329 of 381 (13th Percentile)
Last 5 Years                              16%            Rank: 236 of 381 (38th Percentile)
Last 10 Years  . . . . . . . . . . . .   15%            Rank: 112 of 381 (70th Percentile)
Last 20 Years                            69%            Rank: 224 of 379 (41st Percentile)
Decline From All Time High        1.75%

The change in home prices for Tulsa, OK are shown above for five time
periods. For example: Tulsa appreciated -1.75% in the Last Quarter. At that
rate, the Tulsa Real Estate Market was ranked 345th out of 381 metropolitan
Real Estate Markets. Tulsa was in the 9th percentile. So Tulsa, OK performed
better in the Last Quarter than 9% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Tulsa, Oklahoma

The all time high in the Tulsa Home Price Index was 196.0 in the 4th Quarter, of
2017. The 1st Quarter, 2018 index value was 192.6. That's a decline of 3.43
points or 1.75% below the Tulsa Home Price Index all time high.  The Home
Price Index indicates that the Tulsa Market is up 15% over the last 10 years.
Home prices in the Tulsa Real Estate Market have gained 2.16% over the last
12 months. Over the last thirty years, it is up 125%.

The 1st Quarter index value was 3.43 points lower than the 4th Quarter, 2017
index value of 196.02, resulting in a 1.75% decline for the 1st Quarter in the
Tulsa Market.

The Tulsa Home Price Index declined in the last quarter after increasing in the
previous 16 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 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 Tulsa Real Estate
Market was 24% in the twelve months ended with the 2nd Quarter of 1978. The
worst annual change in home values  in the Tulsa Market was -7% in the twelve
months ended with the 4th Quarter of 1987.

The highest growth in home values in the Tulsa Real Estate Market over a
three year period was 57% in the three years ended with the 2nd Quarter of
1980. The worst performance over a three year period in the Tulsa Market was
-10% in the three years ended with the 3rd Quarter of 1988.

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

The trend of Tulsa 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, Tulsa Home Prices had a rank of 345, with
appreciation of -1.75%. 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, Tulsa Home Prices had a rank of 329, with
appreciation during the year of 2.16%. 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, Tulsa Home Prices
ranked 236, with a total appreciation of 16.3%. 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, Tulsa Home Prices had a
rank of 112, with appreciation during the decade of 15%. 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, Tulsa Home Prices had a
rank of 224, with total growth over the 20 year period of 69%. 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 Tulsa Real Estate
Market is available back to the 2nd Quarter, of 1977. All calculations are based
on the quarterly value of the House Price Index for Tulsa. 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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