Corvallis, OR - House Price Index (HPI)
Corvallis Real Estate Market Forecast
The House Price Index (HPI) shows changes in Corvallis, OR 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.
Corvallis Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  2570.56
3rd Quarter, 2018 Housing Statistics: Corvallis, Oregon


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      83%

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 Corvallis housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Corvallis is 83%. In other words, when tested against historical
data, the forecasting methodology was correct 83% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Corvallis is 83% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2019 than they were in the 3rd
Quarter of 2018. Check this page each quarter for updates to the Corvallis
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      78%

The forecast for the trend in the Corvallis housing market for the 3 years
ending with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Corvallis is 78%. In other words, when tested against historical
data, the forecasting methodology was correct 78% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Corvallis is 78% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2021 than they were in the 3rd
Quarter of 2018. Check this page each quarter for updates to the Corvallis
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Corvallis, Oregon


Historical Home Price Appreciation
Last Quarter                                     1.34%
Last Year . . . . . . . . . . . . . . . . . . . .  6.9%
Last 5 Years                                     35%
Last 10 Years . . . . . . . . . . . . . . . . . 29%
Last 20 Years                                   119%



Annual Home Price Appreciation Rates
1988      1.47%
1989      20.07%
1990      11.01%
1991      6.35%
1992      13.95%
1993      14.76%
1994      12.99%
1995      6.34%
1996      6.15%
1997      2.84%
1998      1.73%
1999      -1.03%
2000      2.65%
2001      3.68%
2002      3.63%
2003      4.68%
2004      9.18%
2005      12.18%
2006      14.16%
2007      5.82%
2008      -1.78%
2009      -5.08%
2010      -2.08%
2011      -3.37%
2012      0.88%
2013      3.69%
2014      6.00%
2015      4.83%
2016      7.31%
2017      8.88%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.34%         Rank: 219 of 381 (42nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  6.9%           Rank: 151 of 381 (60th Percentile)
Last 5 Years                              35%            Rank: 108 of 381 (71st Percentile)
Last 10 Years  . . . . . . . . . . . .   29%            Rank: 96 of 381 (75th Percentile)
Last 20 Years                            119%          Rank: 93 of 379 (75th Percentile)


The change in home prices for Corvallis, OR are shown above for five time
periods. For example: Corvallis appreciated 1.34% in the Last Quarter. At that
rate, the Corvallis Real Estate Market was ranked 219th out of 381 metropolitan
Real Estate Markets. Corvallis was in the 42nd percentile. So Corvallis, OR
performed better in the Last Quarter than 42% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Corvallis, Oregon

The all time high in the Corvallis Home Price Index was 250.1 in the 3rd
Quarter, of 2018.  The Home Price Index indicates that the Corvallis Market is
up 29% over the last 10 years. Home prices in the Corvallis Real Estate Market
have gained 6.88% over the last 12 months. Over the last thirty years, it is up
423%.

The 3rd Quarter index value was 3.31 points higher than the 2nd Quarter, 2018
index value of 246.80, resulting in a 1.34% rise in the 3rd Quarter for the
Corvallis Market.

The Corvallis Home Price Index has increased for the last 8 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 29 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Winchester, VA; Trenton, NJ; Peoria, IL;
Great Falls, MT and Fayetteville, NC, with declines in the last 2 consecutive
quarters.

The highest annual change in the value of houses in the Corvallis Real Estate
Market was 20% in the twelve months ended with the 4th Quarter of 1989. The
worst annual change in home values  in the Corvallis Market was -7% in the
twelve months ended with the 2nd Quarter of 1986.

The highest growth in home values in the Corvallis Real Estate Market over a
three year period was 50% in the three years ended with the 2nd Quarter of
1994. The worst performance over a three year period in the Corvallis Market
was -12% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Corvallis Home Price Index
(above). For information about Oregon 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 Corvallis 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 Corvallis 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 Corvallis 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, 2018 Housing Data: Corvallis, Oregon

The trend of Corvallis 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 2018, Corvallis Home Prices had a rank of 219, with
appreciation of 1.34%. The top performing real estate market during the 3rd
Quarter was Sumter, SC, with a rise of 13.55%. The worst market during that
period was Cumberland, MD, with appreciation of -5.75%.
The median for all cities during the 3rd Quarter was 1.57%. The average for all
markets during the quarter was 1.54%.

Last Year:
During the last 12 months, Corvallis Home Prices had a rank of 151, with
appreciation during the year of 6.88%. The top performing market during the
last year was Las Vegas, NV, with an increase of 18.1%. The worst real estate
market during that period was Cumberland, MD, with appreciation of -5.6%.
The median for all markets during this period was 6.14%. The average was
6.07%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2018, Corvallis Home Prices
ranked 108, with a total appreciation of 35.3%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 81%.
The worst market during that period was Jacksonville, NC, with appreciation of
-2%.
The median for all cities during this time period was 24%. The average over the
5 years was 28%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2018, Corvallis Home Prices
had a rank of 96, with appreciation during the decade of 29%. The top
performing market during the period was Denver, CO, with a rise of 83%. The
worst real estate market during the 10 year time period was Vineland, NJ, with
appreciation of -19%.
The median for all markets during the last 10 years was 18%. The average for
the cities over that time frame was 20%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2018, Corvallis Home Prices
had a rank of 93, with total growth over the 20 year period of 119%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 289%. The worst market during the last 20 years was Saginaw, MI,
with appreciation of 21%.
The median for all cities during the last 20 years was 83%. The average for the
markets over that time frame was 92%.

Historical research data on the Home Price Index for the Corvallis Real Estate
Market is available back to the 2nd Quarter, of 1985. All calculations are based
on the quarterly value of the House Price Index for Corvallis. 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, December 20, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.





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