Honolulu, HI - House Price Index (HPI)
Honolulu Real Estate Market Forecast
The House Price Index (HPI) shows changes in Honolulu, HI 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.
Honolulu Real Estate Market: Trend Outlook, Analysis & Statistics
100
1000
10
Commentary  2641.56
3rd Quarter, 2018 Housing Statistics: Honolulu, Hawaii


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      81%

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 Honolulu housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Honolulu is 81%. In other words, when tested against historical
data, the forecasting methodology was correct 81% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Honolulu is 81% 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 Honolulu
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      72%

The forecast for the trend in the Honolulu housing market for the 3 years
ending with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Honolulu is 72%. In other words, when tested against historical
data, the forecasting methodology was correct 72% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Honolulu is 72% 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 Honolulu
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Honolulu, Hawaii


Historical Home Price Appreciation
Last Quarter                                     -0.16%
Last Year . . . . . . . . . . . . . . . . . . . .  3.6%
Last 5 Years                                     31%
Last 10 Years . . . . . . . . . . . . . . . . . 35%
Last 20 Years                                   185%
Decline From All Time High               0.16%


Annual Home Price Appreciation Rates
1988      22.66%
1989      24.67%
1990      25.21%
1991      3.70%
1992      0.35%
1993      0.60%
1994      -1.17%
1995      1.35%
1996      -9.47%
1997      -4.72%
1998      -0.56%
1999      -2.40%
2000      4.47%
2001      6.74%
2002      8.11%
2003      12.73%
2004      23.27%
2005      23.85%
2006      6.07%
2007      3.39%
2008      -5.52%
2009      -5.83%
2010      1.94%
2011      -0.01%
2012      2.87%
2013      8.03%
2014      5.75%
2015      5.25%
2016      7.09%
2017      5.44%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.16%        Rank: 322 of 381 (15th Percentile)
Last Year  . . . . . . . . . . . . . . . .  3.6%           Rank: 291 of 381 (23rd Percentile)
Last 5 Years                              31%            Rank: 129 of 381 (66th Percentile)
Last 10 Years  . . . . . . . . . . . .   35%            Rank: 61 of 381 (84th Percentile)
Last 20 Years                            185%          Rank: 17 of 379 (95th Percentile)
Decline From All Time High        0.16%

The change in home prices for Honolulu, HI are shown above for five time
periods. For example: Honolulu appreciated -0.16% in the Last Quarter. At that
rate, the Honolulu Real Estate Market was ranked 322nd out of 381
metropolitan Real Estate Markets. Honolulu was in the 15th percentile. So
Honolulu, HI performed better in the Last Quarter than 15% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Honolulu, Hawaii

The all time high in the Honolulu Home Price Index was 250.9 in the 2nd
Quarter, of 2018. The 3rd Quarter, 2018 index value was 250.5. That's a
decline of 0.40 points or 0.16% below the Honolulu Home Price Index all time
high.  The Home Price Index indicates that the Honolulu Market is up 35% over
the last 10 years. Home prices in the Honolulu Real Estate Market have gained
3.58% over the last 12 months. Over the last thirty years, it is up 325%.

The 3rd Quarter index value was 0.40 points lower than the 2nd Quarter, 2018
index value of 250.85, resulting in a 0.16% decline for the 3rd Quarter in the
Honolulu Market.

The Honolulu Home Price Index declined in the last quarter after increasing in
the previous 26 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 Honolulu Real Estate
Market was 71% in the twelve months ended with the 4th Quarter of 1982. The
worst annual change in home values  in the Honolulu Market was -53% in the
twelve months ended with the 4th Quarter of 1981.

The highest growth in home values in the Honolulu Real Estate Market over a
three year period was 91% in the three years ended with the 4th Quarter of
1990. The worst performance over a three year period in the Honolulu Market
was -15% in the three years ended with the 3rd Quarter of 1997.

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

The trend of Honolulu 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, Honolulu Home Prices had a rank of 322, with
appreciation of -0.16%. 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, Honolulu Home Prices had a rank of 291, with
appreciation during the year of 3.58%. 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, Honolulu Home Prices
ranked 129, with a total appreciation of 31.4%. 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, Honolulu Home Prices
had a rank of 61, with appreciation during the decade of 35%. 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, Honolulu Home Prices
had a rank of 17, with total growth over the 20 year period of 185%. 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 Honolulu Real Estate
Market is available back to the 2nd Quarter, of 1977. All calculations are based
on the quarterly value of the House Price Index for Honolulu. 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 Monday, December 31, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.





_____________________________________________________________
Report a Problem with this Page    Contact Us     Privacy Policy    Terms of Use/Disclosure
LittleBigHomes.com
1975
1980
1985
1990
1995
2000
2005
2010
2035
2015
2020
2025
2030