Fargo, ND - House Price Index (HPI)
Fargo Real Estate Market Forecast
The House Price Index (HPI) shows changes in Fargo, ND-MN 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.
Fargo Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  2600.56
3rd Quarter, 2018 Housing Statistics: Fargo, North Dakota


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      82%

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 Fargo housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Fargo is 82%. In other words, when tested against historical data,
the forecasting methodology was correct 82% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Fargo is 82% 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 Fargo Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      87%

The forecast for the trend in the Fargo housing market for the 3 years ending
with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend Prediction for
Fargo is 87%. In other words, when tested against historical data, the
forecasting methodology was correct 87% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Fargo is 87% 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 Fargo Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Fargo, North Dakota


Historical Home Price Appreciation
Last Quarter                                     -1.29%
Last Year . . . . . . . . . . . . . . . . . . . .  1.5%
Last 5 Years                                     28%
Last 10 Years . . . . . . . . . . . . . . . . . 40%
Last 20 Years                                   116%
Decline From All Time High               1.29%


Annual Home Price Appreciation Rates
1988      -2.97%
1989      3.70%
1990      -1.47%
1991      3.65%
1992      4.36%
1993      3.36%
1994      3.19%
1995      4.31%
1996      2.72%
1997      4.67%
1998      5.02%
1999      0.86%
2000      4.31%
2001      5.67%
2002      6.61%
2003      6.90%
2004      7.77%
2005      5.61%
2006      2.95%
2007      1.73%
2008      0.70%
2009      -0.39%
2010      2.45%
2011      -0.78%
2012      2.37%
2013      7.24%
2014      7.37%
2015      6.64%
2016      5.81%
2017      2.83%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -1.29%        Rank: 355 of 381 (6th Percentile)
Last Year  . . . . . . . . . . . . . . . .  1.5%           Rank: 341 of 381 (10th Percentile)
Last 5 Years                              28%            Rank: 158 of 381 (58th Percentile)
Last 10 Years  . . . . . . . . . . . .   40%            Rank: 45 of 381 (88th Percentile)
Last 20 Years                            116%          Rank: 100 of 379 (73rd Percentile)
Decline From All Time High        1.29%

The change in home prices for Fargo, ND-MN are shown above for five time
periods. For example: Fargo appreciated -1.29% in the Last Quarter. At that
rate, the Fargo Real Estate Market was ranked 355th out of 381 metropolitan
Real Estate Markets. Fargo was in the 6th percentile. So Fargo, ND performed
better in the Last Quarter than 6% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Fargo, North Dakota

The all time high in the Fargo Home Price Index was 250.3 in the 2nd Quarter,
of 2018. The 3rd Quarter, 2018 index value was 247.1. That's a decline of 3.23
points or 1.29% below the Fargo Home Price Index all time high.  The Home
Price Index indicates that the Fargo Market is up 40% over the last 10 years.
Home prices in the Fargo Real Estate Market have gained 1.52% over the last
12 months. Over the last thirty years, it is up 199%.

The 3rd Quarter index value was 3.23 points lower than the 2nd Quarter, 2018
index value of 250.32, resulting in a 1.29% decline for the 3rd Quarter in the
Fargo Market.

The Fargo Home Price Index declined in the last quarter after increasing in the
previous 10 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
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 highest annual change in the value of houses in the Fargo Real Estate
Market was 9% in the twelve months ended with the 2nd Quarter of 2005. The
worst annual change in home values  in the Fargo Market was -7% in the twelve
months ended with the 2nd Quarter of 1989.

The highest growth in home values in the Fargo Real Estate Market over a
three year period was 25% in the three years ended with the 2nd Quarter of
2005. The worst performance over a three year period in the Fargo Market was
-1% in the three years ended with the 1st Quarter of 1990.

This page provides a long term graph of the Fargo Home Price Index (above).
For information about North Dakota 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 Fargo 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 Fargo 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 Fargo 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: Fargo, North Dakota

The trend of Fargo 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, Fargo Home Prices had a rank of 355, with
appreciation of -1.29%. 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, Fargo Home Prices had a rank of 341, with
appreciation during the year of 1.52%. 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, Fargo Home Prices
ranked 158, with a total appreciation of 27.7%. 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, Fargo Home Prices had
a rank of 45, with appreciation during the decade of 40%. 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, Fargo Home Prices had
a rank of 100, with total growth over the 20 year period of 116%. 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 Fargo Real Estate
Market is available back to the 4th Quarter, of 1986. All calculations are based
on the quarterly value of the House Price Index for Fargo. 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 Saturday, December 22, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.





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