Weirton, OH - House Price Index (HPI)
Weirton Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Weirton-Steubenville, WV-OH 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
Weirton Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  566.56
4th Quarter, 2017 Housing Statistics: Weirton, Ohio


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      64%

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 Weirton housing market for the 12
months ending with the 4th Quarter of 2018 is DOWN. The Accuracy of the
Trend Projection for Weirton is 64%. In other words, when tested against
historical data, the forecasting methodology was correct 64% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for falling house
prices in Weirton is 64% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 4th Quarter of 2018 than they were in
the 4th Quarter of 2017. Check this page each quarter for updates to the
Weirton Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      64%

The forecast for the trend in the Weirton housing market for the 3 years ending
with the 4th Quarter of 2020 is DOWN. The Accuracy of the Trend Prediction
for Weirton is 64%. In other words, when tested against historical data, the
forecasting methodology was correct 64% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for falling house prices in
Weirton is 64% during this period. If this Housing Market Forecast is correct,
home values will be lower in the 4th Quarter of 2020 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the Weirton Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Weirton, Ohio


Historical Home Price Appreciation
Last Quarter                         2.17%
Last Year                              -2.6%
Last 5 Years                         10%
Last 10 Years                       8%
Last 20 Years                       58%
Decline From All Time High   7.25%


Annual Home Price Appreciation Rates
1988        n/a
1989        n/a
1990        n/a
1991        n/a
1992        n/a
1993        n/a
1994      -2.48%
1995      10.96%
1996      5.58%
1997      1.77%
1998      11.23%
1999      -2.70%
2000      7.36%
2001      5.99%
2002      5.36%
2003      5.15%
2004      -0.01%
2005      2.54%
2006      3.77%
2007      0.55%
2008      -4.41%
2009      5.58%
2010      -5.16%
2011      0.12%
2012      3.05%
2013      -2.85%
2014      3.25%
2015      2.54%
2016      9.32%
2017      -2.58%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.17%         Rank: 59 of 381 (84th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -2.6%          Rank: 376 of 381 (1st Percentile)
Last 5 Years                              10%            Rank: 306 of 381 (19th Percentile)
Last 10 Years  . . . . . . . . . . . .   8%              Rank: 167 of 381 (56th Percentile)
Last 20 Years                            58%            Rank: 286 of 379 (24th Percentile)
Decline From All Time High        7.25%

The change in home prices for Weirton-Steubenville, WV-OH are shown above
for five time periods. For example: Weirton appreciated 2.17% in the Last
Quarter. At that rate, the Weirton Real Estate Market was ranked 59th out of
381 metropolitan Real Estate Markets. Weirton was in the 84th percentile. So
Weirton, OH performed better in the Last Quarter than 84% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Weirton, Ohio

The data and analysis on this page pertains to Weirton-Steubenville, WV-OH,
hereinafter referred to as "Weirton". The all time high in the Weirton Home Price
Index was 196.1 in the 2nd Quarter, of 2017. The 4th Quarter, 2017 index value
was 181.9. That's a decline of 14.21 points or 7.25% below the Weirton Home
Price Index all time high.  The Home Price Index indicates that the Weirton
Market is up 8% over the last 10 years. Home Prices in the Weirton Real Estate
Market have lost 2.58% over the last 12 months.

The 4th Quarter index value was 3.87 points higher than the 3rd Quarter, 2017
index value of 178.03, resulting in a 2.17% rise in the 4th Quarter for the
Weirton Market.

The Weirton 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 26 consecutive quarters. The current record holders for
consecutive declines in the Home Price Index are Victoria, TX; Topeka, KS;
Texarkana, TX-AR; Springfield, MA and Peoria, IL, with declines in the last 2
consecutive quarters.

The highest annual change in the value of houses in the Weirton Real Estate
Market was 12% in the twelve months ended with the 2nd Quarter of 2017. The
worst annual change in home values  in the Weirton Market was -5% in the
twelve months ended with the 4th Quarter of 2010.

The highest growth in home values in the Weirton Real Estate Market over a
three year period was 23% in the three years ended with the 2nd Quarter of
2017. The worst performance over a three year period in the Weirton Market
was -10% in the three years ended with the 1st Quarter of 2012.

This page provides a long term graph of the Weirton Home Price Index (above).
For information about Ohio 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 Weirton 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 Weirton 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 Weirton 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
4th Quarter, 2017 Housing Data: Weirton, Ohio

The trend of Weirton 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. The data and analysis on this page pertains
to Weirton-Steubenville, WV-OH, hereinafter referred to as "Weirton".

Last Quarter:
During the 4th Quarter of 2017, Weirton Home Prices had a rank of 59, with
appreciation of 2.17%. The top performing real estate market during the 4th
Quarter was Gadsden, AL, with a rise of 13.11%. The worst market during that
period was Hinesville, GA, with appreciation of -6.79%.
The median for all cities during the 4th Quarter was 0.75%. The average for all
markets during the quarter was 0.69%.

Last Year:
During the last 12 months, Weirton Home Prices had a rank of 376, with
appreciation during the year of -2.58%. The top performing market during the
last year was Sebastian, FL, with an increase of 16.4%. The worst real estate
market during that period was Goldsboro, NC, with appreciation of -6.9%.
The median for all markets during this period was 5.37%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2017, Weirton Home Prices
ranked 306, with a total appreciation of 9.5%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 94%.
The worst market during that period was Goldsboro, NC, with appreciation of
-5%.
The median for all cities during this time period was 19%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2017, Weirton Home Prices
had a rank of 167, with appreciation during the decade of 8%. The top
performing market during the period was Denver, CO, with a rise of 65%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -27%.
The median for all markets during the last 10 years was 7%. The average for
the cities over that time frame was 8%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2017, Weirton Home Prices
had a rank of 286, with total growth over the 20 year period of 58%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 280%. The worst market during the last 20 years was Saginaw, MI,
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 89%.

Historical research data on the Home Price Index for the Weirton Real Estate
Market is available back to the 3rd Quarter, of 1993. All calculations are based
on the quarterly value of the House Price Index for Weirton. 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, May 3, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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