Knoxville, TN - House Price Index (HPI)
Knoxville Real Estate Market Forecast
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1000
The House Price Index (HPI) shows changes in Knoxville, TN 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.
10
Knoxville Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  2669.56
3rd Quarter, 2018 Housing Statistics: Knoxville, Tennessee


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      94%

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 Knoxville housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Knoxville is 94%. In other words, when tested against historical
data, the forecasting methodology was correct 94% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Knoxville is 94% 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 Knoxville
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      90%

The forecast for the trend in the Knoxville housing market for the 3 years
ending with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Knoxville is 90%. In other words, when tested against historical
data, the forecasting methodology was correct 90% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Knoxville is 90% 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 Knoxville
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Knoxville, Tennessee


Historical Home Price Appreciation
Last Quarter                         0.71%
Last Year                              6.3%
Last 5 Years                         24%
Last 10 Years                       18%
Last 20 Years                       83%



Annual Home Price Appreciation Rates
1988      0.78%
1989      2.80%
1990      1.53%
1991      4.95%
1992      3.88%
1993      4.13%
1994      2.95%
1995      4.56%
1996      3.96%
1997      4.12%
1998      3.67%
1999      0.96%
2000      4.84%
2001      5.27%
2002      3.38%
2003      4.92%
2004      6.06%
2005      8.50%
2006      7.78%
2007      3.98%
2008      -0.81%
2009      -2.67%
2010      -0.54%
2011      -1.66%
2012      -0.36%
2013      1.09%
2014      2.83%
2015      2.37%
2016      5.19%
2017      5.43%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.71%         Rank: 266 of 381 (30th Percentile)
Last Year  . . . . . . . . . . . . . . . .  6.3%           Rank: 181 of 381 (52nd Percentile)
Last 5 Years                              24%            Rank: 196 of 381 (48th Percentile)
Last 10 Years  . . . . . . . . . . . .   18%            Rank: 186 of 381 (51st Percentile)
Last 20 Years                            83%            Rank: 184 of 379 (51st Percentile)


The change in home prices for Knoxville, TN are shown above for five time
periods. For example: Knoxville appreciated 0.71% in the Last Quarter. At that
rate, the Knoxville Real Estate Market was ranked 266th out of 381 metropolitan
Real Estate Markets. Knoxville was in the 30th percentile. So Knoxville, TN
performed better in the Last Quarter than 30% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Knoxville, Tennessee

The all time high in the Knoxville Home Price Index was 212.0 in the 3rd
Quarter, of 2018.  The Home Price Index indicates that the Knoxville Market is
up 18% over the last 10 years. Home prices in the Knoxville Real Estate Market
have gained 6.33% over the last 12 months. Over the last thirty years, it is up
162%.

The 3rd Quarter index value was 1.50 points higher than the 2nd Quarter, 2018
index value of 210.46, resulting in a 0.71% rise in the 3rd Quarter for the
Knoxville Market.

The Knoxville Home Price Index has increased for the last 13 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 Knoxville Real Estate
Market was 9% in the twelve months ended with the 4th Quarter of 1987. The
worst annual change in home values  in the Knoxville Market was -4% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Knoxville Real Estate Market over a
three year period was 24% in the three years ended with the 2nd Quarter of
2007. The worst performance over a three year period in the Knoxville Market
was -7% in the three years ended with the 2nd Quarter of 2011.

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

The trend of Knoxville 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, Knoxville Home Prices had a rank of 266, with
appreciation of 0.71%. 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, Knoxville Home Prices had a rank of 181, with
appreciation during the year of 6.33%. 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, Knoxville Home Prices
ranked 196, with a total appreciation of 23.7%. 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, Knoxville Home Prices
had a rank of 186, with appreciation during the decade of 18%. 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, Knoxville Home Prices
had a rank of 184, with total growth over the 20 year period of 83%. 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 Knoxville Real Estate
Market is available back to the 4th Quarter, of 1984. All calculations are based
on the quarterly value of the House Price Index for Knoxville. 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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