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  27950
3rd Quarter, 2017 Housing Statistics: Weirton, Ohio


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      69%

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 3rd Quarter of 2018 is DOWN. The Accuracy of the
Trend Projection for Weirton is 69%. In other words, when tested against
historical data, the forecasting methodology was correct 69% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for falling house
prices in Weirton is 69% 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
Weirton Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      66%

The forecast for the trend in the Weirton housing market for the 3 years ending
with the 3rd Quarter of 2020 is DOWN. The Accuracy of the Trend Prediction
for Weirton is 66%. In other words, when tested against historical data, the
forecasting methodology was correct 66% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for falling house prices in
Weirton is 66% 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 Weirton Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Weirton, Ohio


Historical Home Price Appreciation
Last Quarter                         -9.33%
Last Year                              -0.5%
Last 5 Years                         11%
Last 10 Years                       5%
Last 20 Years                       58%
Decline From All Time High   9.33%


Annual Home Price Appreciation Rates
1987        n/a
1988        n/a
1989        n/a
1990        n/a
1991        n/a
1992        n/a
1993        n/a
1994      -2.26%
1995      10.68%
1996      5.81%
1997      1.56%
1998      11.22%
1999      -2.80%
2000      7.37%
2001      6.00%
2002      5.34%
2003      5.25%
2004      0.27%
2005      2.25%
2006      3.79%
2007      0.56%
2008      -4.41%
2009      5.60%
2010      -5.24%
2011      0.08%
2012      3.06%
2013      -2.89%
2014      3.37%
2015      3.23%
2016      8.23%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -9.33%        Rank: 381 of 381 (Bottom .00%)
Last Year  . . . . . . . . . . . . . . . .  -0.5%          Rank: 360 of 381 (5th Percentile)
Last 5 Years                              11%            Rank: 275 of 381 (27th Percentile)
Last 10 Years  . . . . . . . . . . . .   5%              Rank: 188 of 381 (50th Percentile)
Last 20 Years                            58%            Rank: 286 of 379 (24th Percentile)
Decline From All Time High        9.33%

The change in home prices for Weirton-Steubenville, WV-OH are shown above
for five time periods. For example: Weirton appreciated -9.33% in the Last
Quarter. At that rate, the Weirton Real Estate Market was ranked 381st out of
381 metropolitan Real Estate Markets. Weirton was in the bottom .00%. So
Weirton, OH performed better in the Last Quarter than 0% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd 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 196.2 in the 2nd Quarter, of 2017. The 3rd Quarter, 2017 index
value was 177.9. That's a decline of 18.30 points or 9.33% below the Weirton
Home Price Index all time high.  The Home Price Index indicates that the
Weirton Market is up 5% over the last 10 years. Home Prices in the Weirton
Real Estate Market have lost 0.47% over the last 12 months.

The 3rd Quarter index value was 18.30 points lower than the 2nd Quarter, 2017
index value of 196.18, resulting in a 9.33% decline for the 3rd Quarter in the
Weirton Market.

The Weirton Home Price Index declined in the last quarter after increasing in
the previous quarter. The current record holder for consecutive declines in the
Home Price Index is Carbondale, IL, with declines in the last 3 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 25 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
3rd 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 3rd Quarter of 2017, Weirton Home Prices had the worst
performance in the country, with appreciation of -9.33%. The top performer
during the 3rd Quarter was Pine Bluff, AR, with appreciation of 7.86%.
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, Weirton Home Prices had a rank of 360, with
appreciation during the year of -0.47%. 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, Weirton Home Prices
ranked 275, with a total appreciation of 11.2%. 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, Weirton Home Prices
had a rank of 188, with appreciation during the decade of 5%. 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, 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 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 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 Friday, February 9, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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