Oklahoma City, OK - House Price Index (HPI)
Oklahoma City Real Estate Market - Home Price Forecast
The House Price Index (HPI) shows changes in Oklahoma City, OK 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.
Oklahoma City Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  2740.56
3rd Quarter, 2018 Housing Statistics: Oklahoma City, Oklahoma


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      85%

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 Oklahoma City housing market for the
12 months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the
Trend Projection for Oklahoma City is 85%. In other words, when tested against
historical data, the forecasting methodology was correct 85% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Oklahoma City is 85% 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 Oklahoma City Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      84%

The forecast for the trend in the Oklahoma City housing market for the 3 years
ending with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Oklahoma City 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 Oklahoma City is 84% 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 Oklahoma City Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Oklahoma City, Oklahoma


Historical Home Price Appreciation
Last Quarter                         0.18%
Last Year                              3.0%
Last 5 Years                         22%
Last 10 Years                       25%
Last 20 Years                       90%



Annual Home Price Appreciation Rates
1988      -3.38%
1989      2.34%
1990      1.06%
1991      5.56%
1992      2.43%
1993      5.49%
1994      3.38%
1995      4.13%
1996      3.93%
1997      3.19%
1998      4.47%
1999      3.03%
2000      4.27%
2001      5.57%
2002      4.33%
2003      5.06%
2004      5.65%
2005      6.35%
2006      3.85%
2007      3.41%
2008      -0.43%
2009      0.24%
2010      0.48%
2011      -0.77%
2012      1.46%
2013      2.01%
2014      5.42%
2015      4.43%
2016      2.82%
2017      3.44%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.18%         Rank: 302 of 381 (20th Percentile)
Last Year  . . . . . . . . . . . . . . . .  3.0%           Rank: 311 of 381 (18th Percentile)
Last 5 Years                              22%            Rank: 214 of 381 (43rd Percentile)
Last 10 Years  . . . . . . . . . . . .   25%            Rank: 120 of 381 (68th Percentile)
Last 20 Years                            90%            Rank: 157 of 379 (58th Percentile)


The change in home prices for Oklahoma City, OK are shown above for five
time periods. For example: Oklahoma City appreciated 0.18% in the Last
Quarter. At that rate, the Oklahoma City Real Estate Market was ranked 302nd
out of 381 metropolitan Real Estate Markets. Oklahoma City was in the 20th
percentile. So Oklahoma City, OK performed better in the Last Quarter than
20% of the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Oklahoma City, Oklahoma

The all time high in the Oklahoma City Home Price Index was 219.0 in the 3rd
Quarter, of 2018.  The Home Price Index indicates that the Oklahoma City
Market is up 25% over the last 10 years. Home prices in the Oklahoma City
Real Estate Market have gained 3.03% over the last 12 months. Over the last
thirty years, it is up 170%.

The 3rd Quarter index value was 0.39 points higher than the 2nd Quarter, 2018
index value of 218.57, resulting in a 0.18% rise in the 3rd Quarter for the
Oklahoma City Market.

The Oklahoma City Home Price Index has increased for the last 3 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 Oklahoma City Real
Estate Market was 27% in the twelve months ended with the 1st Quarter of
1979. The worst annual change in home values  in the Oklahoma City Market
was -16% in the twelve months ended with the 1st Quarter of 1988.

The highest growth in home values in the Oklahoma City Real Estate Market
over a three year period was 76% in the three years ended with the 1st Quarter
of 1980. The worst performance over a three year period in the Oklahoma City
Market was -23% in the three years ended with the 1st Quarter of 1988.

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

The trend of Oklahoma City 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, Oklahoma City Home Prices had a rank of 302,
with appreciation of 0.18%. 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, Oklahoma City Home Prices had a rank of 311, with
appreciation during the year of 3.03%. 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, Oklahoma City Home
Prices ranked 214, with a total appreciation of 21.6%. 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, Oklahoma City Home
Prices had a rank of 120, with appreciation during the decade of 25%. 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, Oklahoma City Home
Prices had a rank of 157, with total growth over the 20 year period of 90%. 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 Oklahoma City 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 Oklahoma City. 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 Thursday, January 3, 2019.
SignalTrend  Inc. 2008 - 2019; All rights reserved.





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