Kennewick, WA - House Price Index (HPI)
Kennewick Real Estate Market Forecast
The House Price Index (HPI) shows changes in Kennewick-Pasco-Richland, WA 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.
Kennewick Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  2665.56
3rd Quarter, 2018 Housing Statistics: Kennewick, Washington


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      76%

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 Kennewick housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Kennewick is 76%. In other words, when tested against historical
data, the forecasting methodology was correct 76% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Kennewick is 76% 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 Kennewick
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      73%

The forecast for the trend in the Kennewick housing market for the 3 years
ending with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Kennewick is 73%. In other words, when tested against historical
data, the forecasting methodology was correct 73% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Kennewick is 73% 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 Kennewick
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Kennewick, Washington


Historical Home Price Appreciation
Last Quarter                         3.96%
Last Year                              10.8%
Last 5 Years                         42%
Last 10 Years                       48%
Last 20 Years                       115%



Annual Home Price Appreciation Rates
1988      -6.82%
1989      25.18%
1990      13.57%
1991      8.49%
1992      13.66%
1993      8.57%
1994      0.15%
1995      -3.40%
1996      0.62%
1997      2.11%
1998      2.65%
1999      1.85%
2000      3.50%
2001      6.82%
2002      7.39%
2003      2.50%
2004      3.78%
2005      4.71%
2006      4.58%
2007      1.55%
2008      1.67%
2009      0.84%
2010      1.54%
2011      -0.33%
2012      1.49%
2013      0.10%
2014      3.87%
2015      4.99%
2016      8.79%
2017      9.65%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              3.96%         Rank: 36 of 381 (90th Percentile)
Last Year  . . . . . . . . . . . . . . . .  10.8%          Rank: 34 of 381 (91st Percentile)
Last 5 Years                              42%            Rank: 85 of 381 (77th Percentile)
Last 10 Years  . . . . . . . . . . . .   48%            Rank: 22 of 381 (94th Percentile)
Last 20 Years                            115%          Rank: 102 of 379 (73rd Percentile)


The change in home prices for Kennewick-Richland, WA are shown above for
five time periods. For example: Kennewick appreciated 3.96% in the Last
Quarter. At that rate, the Kennewick Real Estate Market was ranked 36th out of
381 metropolitan Real Estate Markets. Kennewick was in the 90th percentile. So
Kennewick, WA performed better in the Last Quarter than 90% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Kennewick, Washington

The data and analysis on this page pertains to Kennewick-Richland, WA,
hereinafter referred to as "Kennewick". The all time high in the Kennewick Home
Price Index was 222.3 in the 3rd Quarter, of 2018.  The Home Price Index
indicates that the Kennewick Market is up 48% over the last 10 years. Home
prices in the Kennewick Real Estate Market have gained 10.81% over the last
12 months. Over the last thirty years, it is up 296%.

The 3rd Quarter index value was 8.47 points higher than the 2nd Quarter, 2018
index value of 213.82, resulting in a 3.96% rise in the 3rd Quarter for the
Kennewick Market.

The Kennewick Home Price Index has increased for the last 14 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 Kennewick Real
Estate Market was 25% in the twelve months ended with the 4th Quarter of
1989. The worst annual change in home values  in the Kennewick Market was
-23% in the twelve months ended with the 1st Quarter of 1983.

The highest growth in home values in the Kennewick Real Estate Market over a
three year period was 54% in the three years ended with the 4th Quarter of
1991. The worst performance over a three year period in the Kennewick Market
was -21% in the three years ended with the  of 1985.

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

The trend of Kennewick 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. The data and analysis on this page pertains
to Kennewick-Richland, WA, hereinafter referred to as "Kennewick".

Last Quarter:
During the 3rd Quarter of 2018, Kennewick Home Prices had a rank of 36, with
appreciation of 3.96%. 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, Kennewick Home Prices had a rank of 34, with
appreciation during the year of 10.81%. 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, Kennewick Home Prices
ranked 85, with a total appreciation of 42.0%. 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, Kennewick Home Prices
had a rank of 22, with appreciation during the decade of 48%. 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, Kennewick Home Prices
had a rank of 102, with total growth over the 20 year period of 115%. 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 Kennewick Real Estate
Market is available back to the 1st Quarter, of 1979. All calculations are based
on the quarterly value of the House Price Index for Kennewick. 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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