Youngstown, OH - House Price Index (HPI)
Youngstown Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Youngstown-Warren-Boardman, OH-PA 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
Youngstown Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  27964
3rd Quarter, 2017 Housing Statistics: Youngstown, Ohio


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      90%

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 Youngstown housing market for the 12
months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Youngstown is 90%. In other words, when tested against historical
data, the forecasting methodology was correct 90% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Youngstown is 90% 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
Youngstown Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      86%

The forecast for the trend in the Youngstown housing market for the 3 years
ending with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Youngstown is 86%. In other words, when tested against historical
data, the forecasting methodology was correct 86% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Youngstown is 86% 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
Youngstown Real Estate Market Forecast.




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


Historical Home Price Appreciation
Last Quarter                         -0.25%
Last Year                              2.9%
Last 5 Years                         15%
Last 10 Years                       4%
Last 20 Years                       33%
Decline From All Time High   0.25%


Annual Home Price Appreciation Rates
1987      0.39%
1988      11.01%
1989      4.77%
1990      2.13%
1991      7.38%
1992      5.38%
1993      5.02%
1994      1.77%
1995      7.53%
1996      5.00%
1997      5.18%
1998      5.09%
1999      -1.03%
2000      4.62%
2001      6.01%
2002      2.66%
2003      2.56%
2004      2.74%
2005      2.40%
2006      0.02%
2007      -1.24%
2008      -2.27%
2009      -3.62%
2010      0.08%
2011      -2.79%
2012      0.03%
2013      0.21%
2014      2.96%
2015      2.83%
2016      2.29%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.25%        Rank: 321 of 381 (15th Percentile)
Last Year  . . . . . . . . . . . . . . . .  2.9%           Rank: 292 of 381 (23rd Percentile)
Last 5 Years                              15%            Rank: 239 of 381 (37th Percentile)
Last 10 Years  . . . . . . . . . . . .   4%              Rank: 212 of 381 (44th Percentile)
Last 20 Years                            33%            Rank: 365 of 379 (3rd Percentile)
Decline From All Time High        0.25%

The change in home prices for Youngstown-Warren-Boardman, OH-PA are
shown above for five time periods. For example: Youngstown appreciated
-0.25% in the Last Quarter. At that rate, the Youngstown Real Estate Market
was ranked 321st out of 381 metropolitan Real Estate Markets. Youngstown
was in the 15th percentile. So Youngstown, OH performed better in the Last
Quarter than 15% of the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Youngstown, Ohio

The data and analysis on this page pertains to Youngstown-Warren-Boardman,
OH-PA, hereinafter referred to as "Youngstown". The all time high in the
Youngstown Home Price Index was 155.2 in the 2nd Quarter, of 2017. The 3rd
Quarter, 2017 index value was 154.8. That's a decline of 0.39 points or 0.25%
below the Youngstown Home Price Index all time high.  The Home Price Index
indicates that the Youngstown Market is up 4% over the last 10 years. Home
prices in the Youngstown Real Estate Market have gained 2.87% over the last
12 months. Over the last thirty years, it is up 114%.

The 3rd Quarter index value was 0.39 points lower than the 2nd Quarter, 2017
index value of 155.21, resulting in a 0.25% decline for the 3rd Quarter in the
Youngstown Market.

The Youngstown Home Price Index declined in the last quarter after increasing
in the previous 2 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 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 Youngstown Real
Estate Market was 11% in the twelve months ended with the 4th Quarter of
1988. The worst annual change in home values  in the Youngstown Market was
-6% in the twelve months ended with the 2nd Quarter of 2010.

The highest growth in home values in the Youngstown Real Estate Market over
a three year period was 19% in the three years ended with the 1st Quarter of
1998. The worst performance over a three year period in the Youngstown
Market was -10% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Youngstown 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 Youngstown 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 Youngstown 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 Youngstown 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: Youngstown, Ohio

The trend of Youngstown 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 Youngstown-Warren-Boardman, OH-PA, hereinafter referred to as
"Youngstown".

Last Quarter:
During the 3rd Quarter of 2017, Youngstown Home Prices had a rank of 321,
with appreciation of -0.25%. 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, Youngstown Home Prices had a rank of 292, with
appreciation during the year of 2.87%. 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, Youngstown Home Prices
ranked 239, with a total appreciation of 14.6%. 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, Youngstown Home
Prices had a rank of 212, with appreciation during the decade of 4%. 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, Youngstown Home
Prices had a rank of 365, with total growth over the 20 year period of 33%. 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 Youngstown Real
Estate Market is available back to the 4th Quarter, of 1985. All calculations are
based on the quarterly value of the House Price Index for Youngstown. 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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