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  1328.56
1st Quarter, 2018 Housing Statistics: Weirton, Ohio


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      66%

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 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection 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 rising house prices in
Weirton is 66% 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 Weirton Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      66%

The forecast for the trend in the Weirton housing market for the 3 years ending
with the 1st Quarter of 2021 is UP. 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 rising house prices in
Weirton is 66% 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 Weirton Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Weirton, Ohio


Historical Home Price Appreciation
Last Quarter                         -1.62%
Last Year                              2.6%
Last 5 Years                         9%
Last 10 Years                       5%
Last 20 Years                       44%
Decline From All Time High   8.48%


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      10.89%
1996      5.60%
1997      1.82%
1998      11.23%
1999      -2.72%
2000      7.38%
2001      5.98%
2002      5.36%
2003      5.14%
2004      0.03%
2005      2.60%
2006      3.68%
2007      0.47%
2008      -4.31%
2009      5.54%
2010      -5.20%
2011      0.17%
2012      3.04%
2013      -2.50%
2014      2.97%
2015      2.42%
2016      9.20%
2017      -3.66%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -1.62%        Rank: 341 of 381 (10th Percentile)
Last Year  . . . . . . . . . . . . . . . .  2.6%           Rank: 317 of 381 (16th Percentile)
Last 5 Years                              9%              Rank: 323 of 381 (15th Percentile)
Last 10 Years  . . . . . . . . . . . .   5%              Rank: 226 of 381 (40th Percentile)
Last 20 Years                            44%            Rank: 334 of 379 (11th Percentile)
Decline From All Time High        8.48%

The change in home prices for Weirton-Steubenville, WV-OH are shown above
for five time periods. For example: Weirton appreciated -1.62% in the Last
Quarter. At that rate, the Weirton Real Estate Market was ranked 341st out of
381 metropolitan Real Estate Markets. Weirton was in the 10th percentile. So
Weirton, OH performed better in the Last Quarter than 10% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 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 193.1 in the 2nd Quarter, of 2017. The 1st Quarter, 2018 index value
was 176.7. That's a decline of 16.38 points or 8.48% 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 gained 2.57% over the last 12 months.

The 1st Quarter index value was 2.91 points lower than the 4th Quarter, 2017
index value of 179.59, resulting in a 1.62% decline for the 1st Quarter in the
Weirton Market.

The Weirton Home Price Index declined in the last quarter after increasing in
the previous quarter. 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 Weirton Real Estate
Market was 11% in the twelve months ended with the 4th Quarter of 1998. 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 22% in the three years ended with the 1st Quarter of
1998. 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
1st Quarter, 2018 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 1st Quarter of 2018, Weirton Home Prices had a rank of 341, with
appreciation of -1.62%. 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, Weirton Home Prices had a rank of 317, with
appreciation during the year of 2.57%. 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, Weirton Home Prices
ranked 323, with a total appreciation of 8.7%. 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, Weirton Home Prices
had a rank of 226, with appreciation during the decade of 5%. 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, Weirton Home Prices
had a rank of 334, with total growth over the 20 year period of 44%. 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 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 Monday, July 30, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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