Jacksonville, NC - House Price Index (HPI)
Jacksonville Real Estate Market Forecast  (NC)
The House Price Index (HPI) shows changes in Jacksonville, 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.
Jacksonville Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  2655.56
3rd Quarter, 2018 Housing Statistics: Jacksonville, North Carolina


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      84%

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 Jacksonville housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Jacksonville is 84%. In other words, when tested against historical
data, the forecasting methodology was correct 84% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Jacksonville is 84% 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
Jacksonville Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      82%

The forecast for the trend in the Jacksonville housing market for the 3 years
ending with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Jacksonville 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
Jacksonville is 82% 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
Jacksonville Real Estate Market Forecast.




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


Historical Home Price Appreciation
Last Quarter                         -4.39%
Last Year                              2.1%
Last 5 Years                         -2%
Last 10 Years                       -12%
Last 20 Years                       60%
Decline From All Time High   12.64%


Annual Home Price Appreciation Rates
1988        n/a
1989        n/a
1990        n/a
1991        n/a
1992        n/a
1993        n/a
1994      1.20%
1995      1.91%
1996      4.89%
1997      1.06%
1998      7.68%
1999      1.87%
2000      1.27%
2001      8.21%
2002      0.53%
2003      9.34%
2004      6.74%
2005      14.98%
2006      11.58%
2007      4.44%
2008      -0.10%
2009      -0.66%
2010      -0.45%
2011      -8.01%
2012      -1.04%
2013      -1.73%
2014      -6.36%
2015      -3.49%
2016      6.64%
2017      3.17%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -4.39%        Rank: 379 of 381 (Bottom .50%)
Last Year  . . . . . . . . . . . . . . . .  2.1%           Rank: 332 of 381 (12th Percentile)
Last 5 Years                              -2%             Rank: 381 of 381 (Bottom .00%)
Last 10 Years  . . . . . . . . . . . .   -12%           Rank: 379 of 381 (Bottom .50%)
Last 20 Years                            60%            Rank: 277 of 379 (26th Percentile)
Decline From All Time High        12.64%

The change in home prices for Jacksonville, NC are shown above for five time
periods. For example: Jacksonville appreciated -4.39% in the Last Quarter. At
that rate, the Jacksonville Real Estate Market was ranked 379th out of 381
metropolitan Real Estate Markets. Jacksonville was in the bottom .50%. So
Jacksonville, NC performed better in the Last Quarter than 0% of the 381
metropolitan areas covered in LittleBigHomes.com.

























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

The all time high in the Jacksonville Home Price Index was 218.9 in the 1st
Quarter, of 2009. The 3rd Quarter, 2018 index value was 191.2. That's a
decline of 27.66 points or 12.64% below the Jacksonville Home Price Index all
time high.  The Home Price Index indicates that the Jacksonville Market is down
12% over the last 10 years. Home prices in the Jacksonville Real Estate Market
have gained 2.08% over the last 12 months.

The 3rd Quarter index value was 8.78 points lower than the 2nd Quarter, 2018
index value of 199.98, resulting in a 4.39% decline for the 3rd Quarter in the
Jacksonville Market.

The Jacksonville Home Price Index declined in the last quarter after increasing
in the previous 4 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 Jacksonville Real
Estate Market was 17% in the twelve months ended with the 1st Quarter of
2006. The worst annual change in home values  in the Jacksonville Market was
-8% in the twelve months ended with the 4th Quarter of 2011.

The highest growth in home values in the Jacksonville Real Estate Market over
a three year period was 40% in the three years ended with the 1st Quarter of
2007. The worst performance over a three year period in the Jacksonville
Market was -14% in the three years ended with the 2nd Quarter of 2014.

This page provides a long term graph of the Jacksonville 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 Jacksonville 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 Jacksonville 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 Jacksonville 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: Jacksonville, North Carolina

The trend of Jacksonville 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, Jacksonville Home Prices had a rank of 379,
with appreciation of -4.39%. 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, Jacksonville Home Prices had a rank of 332, with
appreciation during the year of 2.08%. 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, Jacksonville Home Prices
had the worst performance in the country, with a total appreciation of -2.0%.
The top performer during the 5 year period was Reno, NV, with appreciation of
81%.
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, Jacksonville Home
Prices had a rank of 379, with appreciation during the decade of -12%. 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, Jacksonville Home
Prices had a rank of 277, with total growth over the 20 year period of 60%. 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 Jacksonville Real
Estate Market is available back to the 4th Quarter, of 1993. All calculations are
based on the quarterly value of the House Price Index for Jacksonville. 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.




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