Wheeling, WV - House Price Index (HPI)
Wheeling Real Estate Market - Home Price Forecast
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The House Price Index (HPI) shows changes in Wheeling, 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
Wheeling Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  27953
3rd Quarter, 2017 Housing Statistics: Wheeling, West Virginia


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      74%

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 Wheeling housing market for the 12
months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Wheeling is 74%. In other words, when tested against historical
data, the forecasting methodology was correct 74% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Wheeling is 74% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2018 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Wheeling
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      77%

The forecast for the trend in the Wheeling housing market for the 3 years
ending with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Wheeling is 77%. In other words, when tested against historical
data, the forecasting methodology was correct 77% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Wheeling is 77% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2020 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Wheeling
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Wheeling, West Virginia


Historical Home Price Appreciation
Last Quarter                         3.01%
Last Year                              1.6%
Last 5 Years                         24%
Last 10 Years                       23%
Last 20 Years                       81%



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      1.05%
1995      4.07%
1996      1.03%
1997      10.66%
1998      4.74%
1999      -1.14%
2000      6.57%
2001      4.36%
2002      3.11%
2003      5.19%
2004      6.57%
2005      0.98%
2006      5.02%
2007      -0.09%
2008      2.32%
2009      -2.02%
2010      1.57%
2011      -0.84%
2012      2.85%
2013      1.61%
2014      9.17%
2015      2.68%
2016      4.28%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              3.01%         Rank: 57 of 381 (85th Percentile)
Last Year  . . . . . . . . . . . . . . . .  1.6%           Rank: 336 of 381 (11th Percentile)
Last 5 Years                              24%            Rank: 151 of 381 (60th Percentile)
Last 10 Years  . . . . . . . . . . . .   23%            Rank: 50 of 381 (87th Percentile)
Last 20 Years                            81%            Rank: 182 of 379 (52nd Percentile)


The change in home prices for Wheeling, WV-OH are shown above for five time
periods. For example: Wheeling appreciated 3.01% in the Last Quarter. At that
rate, the Wheeling Real Estate Market was ranked 57th out of 381 metropolitan
Real Estate Markets. Wheeling was in the 85th percentile. So Wheeling, WV
performed better in the Last Quarter than 85% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Wheeling, West Virginia

The all time high in the Wheeling Home Price Index was 192.4 in the 3rd
Quarter, of 2017.  The Home Price Index indicates that the Wheeling Market is
up 23% over the last 10 years. Home prices in the Wheeling Real Estate Market
have gained 1.64% over the last 12 months.

The 3rd Quarter index value was 5.62 points higher than the 2nd Quarter, 2017
index value of 186.80, resulting in a 3.01% rise in the 3rd Quarter for the
Wheeling Market.

The Wheeling Home Price Index has increased for 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 25 consecutive quarters. The current record holder for consecutive
declines in the Home Price Index is Carbondale, IL, with declines in the last 3
consecutive quarters.

The highest annual change in the value of houses in the Wheeling Real Estate
Market was 11% in the twelve months ended with the 2nd Quarter of 1994. The
worst annual change in home values  in the Wheeling Market was -7% in the
twelve months ended with the 3rd Quarter of 1994.

The highest growth in home values in the Wheeling Real Estate Market over a
three year period was 19% in the three years ended with the 3rd Quarter of
1997. The worst performance over a three year period in the Wheeling Market
was -6% in the three years ended with the 2nd Quarter of 2011.

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

The trend of Wheeling 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 3rd Quarter of 2017, Wheeling Home Prices had a rank of 57, with
appreciation of 3.01%. The top performing real estate market during the 3rd
Quarter was Pine Bluff, AR, with a rise of 7.86%. The worst market during that
period was Weirton, OH, with appreciation of -9.33%.
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, Wheeling Home Prices had a rank of 336, with
appreciation during the year of 1.64%. 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, Wheeling Home Prices
ranked 151, with a total appreciation of 23.6%. 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, Wheeling Home Prices
had a rank of 50, with appreciation during the decade of 23%. 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, Wheeling Home Prices
had a rank of 182, with total growth over the 20 year period of 81%. 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 Wheeling Real Estate
Market is available back to the 2nd Quarter, of 1993. All calculations are based
on the quarterly value of the House Price Index for Wheeling. 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, February 14, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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