Goldsboro, NC - House Price Index (HPI)
Goldsboro Real Estate Market Forecast
The House Price Index (HPI) shows changes in Goldsboro, NC 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.
Goldsboro Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  2621.56
3rd Quarter, 2018 Housing Statistics: Goldsboro, North Carolina


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      77%

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 Goldsboro housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Goldsboro 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
Goldsboro is 77% 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 Goldsboro
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      79%

The forecast for the trend in the Goldsboro housing market for the 3 years
ending with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Goldsboro is 79%. In other words, when tested against historical
data, the forecasting methodology was correct 79% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Goldsboro is 79% 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 Goldsboro
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Goldsboro, North Carolina


Historical Home Price Appreciation
Last Quarter                                     5.17%
Last Year . . . . . . . . . . . . . . . . . . . .  10.0%
Last 5 Years                                     9%
Last 10 Years . . . . . . . . . . . . . . . . . 8%
Last 20 Years                                   47%



Annual Home Price Appreciation Rates
1988        n/a
1989        n/a
1990        n/a
1991      4.11%
1992      3.30%
1993      2.32%
1994      3.60%
1995      4.15%
1996      4.65%
1997      4.83%
1998      1.20%
1999      3.27%
2000      4.75%
2001      2.34%
2002      2.37%
2003      5.95%
2004      1.27%
2005      3.20%
2006      6.26%
2007      2.83%
2008      1.11%
2009      0.87%
2010      -1.58%
2011      -1.92%
2012      0.04%
2013      2.13%
2014      -6.57%
2015      1.52%
2016      5.10%
2017      -7.06%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              5.17%         Rank: 12 of 381 (97th Percentile)
Last Year  . . . . . . . . . . . . . . . .  10.0%          Rank: 53 of 381 (86th Percentile)
Last 5 Years                              9%              Rank: 348 of 381 (8th Percentile)
Last 10 Years  . . . . . . . . . . . .   8%              Rank: 291 of 381 (23rd Percentile)
Last 20 Years                            47%            Rank: 331 of 379 (12th Percentile)


The change in home prices for Goldsboro, NC are shown above for five time
periods. For example: Goldsboro appreciated 5.17% in the Last Quarter. At that
rate, the Goldsboro Real Estate Market was ranked 12th out of 381
metropolitan Real Estate Markets. Goldsboro was in the 97th percentile. So
Goldsboro, NC performed better in the Last Quarter than 97% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Goldsboro, North Carolina

The all time high in the Goldsboro Home Price Index was 169.7 in the 3rd
Quarter, of 2018.  The Home Price Index indicates that the Goldsboro Market is
up 8% over the last 10 years. Home prices in the Goldsboro Real Estate Market
have gained 10.04% over the last 12 months.

The 3rd Quarter index value was 8.35 points higher than the 2nd Quarter, 2018
index value of 161.38, resulting in a 5.17% rise in the 3rd Quarter for the
Goldsboro Market.

The Goldsboro Home Price Index increased in the last quarter after falling in the
previous quarter. 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 Goldsboro Real Estate
Market was 10% in the twelve months ended with the 3rd Quarter of 2018. The
worst annual change in home values  in the Goldsboro Market was -7% in the
twelve months ended with the 4th Quarter of 2017.

The highest growth in home values in the Goldsboro Real Estate Market over a
three year period was 17% in the three years ended with the 2nd Quarter of
2007. The worst performance over a three year period in the Goldsboro Market
was -8% in the three years ended with the 2nd Quarter of 2011.

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

The trend of Goldsboro 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, Goldsboro Home Prices had a rank of 12, with
appreciation of 5.17%. 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, Goldsboro Home Prices had a rank of 53, with
appreciation during the year of 10.04%. 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, Goldsboro Home Prices
ranked 348, with a total appreciation of 9.5%. 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, Goldsboro Home Prices
had a rank of 291, with appreciation during the decade of 8%. 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, Goldsboro Home Prices
had a rank of 331, with total growth over the 20 year period of 47%. 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 Goldsboro Real Estate
Market is available back to the 2nd Quarter, of 1992. All calculations are based
on the quarterly value of the House Price Index for Goldsboro. 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 29, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.





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