Greensboro, NC - House Price Index (HPI)
Greensboro Real Estate Market Forecast
The House Price Index (HPI) shows changes in Greensboro-High Point, 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.
Greensboro Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  27726
3rd Quarter, 2017 Housing Statistics: Greensboro, North Carolina


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      92%

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 Greensboro housing market for the 12
months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Greensboro is 92%. In other words, when tested against historical
data, the forecasting methodology was correct 92% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Greensboro is 92% during this period. If this Housing Market Forecast is
correct, home prices will be higher in the 3rd Quarter of 2018 than they were in
the 3rd Quarter of 2017. Check this page each quarter for updates to the
Greensboro Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      87%

The forecast for the trend in the Greensboro housing market for the 3 years
ending with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Greensboro is 87%. In other words, when tested against historical
data, the forecasting methodology was correct 87% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Greensboro is 87% during this period. If this Housing Market Forecast is
correct, home values will be higher in the 3rd Quarter of 2020 than they were in
the 3rd Quarter of 2017. Check this page each quarter for updates to the
Greensboro Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Greensboro, North Carolina


Historical Home Price Appreciation
Last Quarter                                     2.80%
Last Year . . . . . . . . . . . . . . . . . . . .  5.4%
Last 5 Years                                     14%
Last 10 Years . . . . . . . . . . . . . . . . . 7%
Last 20 Years                                   46%



Annual Home Price Appreciation Rates
1987      5.73%
1988      3.95%
1989      2.68%
1990      0.75%
1991      2.39%
1992      2.55%
1993      2.75%
1994      3.48%
1995      3.75%
1996      3.19%
1997      5.67%
1998      3.72%
1999      3.03%
2000      4.39%
2001      3.76%
2002      2.84%
2003      2.83%
2004      2.23%
2005      4.26%
2006      2.43%
2007      2.73%
2008      -1.99%
2009      -2.62%
2010      -0.70%
2011      -2.91%
2012      -0.26%
2013      -0.37%
2014      1.34%
2015      2.32%
2016      3.86%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.80%         Rank: 75 of 381 (80th Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.4%           Rank: 191 of 381 (50th Percentile)
Last 5 Years                              14%            Rank: 243 of 381 (36th Percentile)
Last 10 Years  . . . . . . . . . . . .   7%              Rank: 176 of 381 (53rd Percentile)
Last 20 Years                            46%            Rank: 334 of 379 (11th Percentile)


The change in home prices for Greensboro-High Point, NC are shown above for
five time periods. For example: Greensboro appreciated 2.80% in the Last
Quarter. At that rate, the Greensboro Real Estate Market was ranked 75th out
of 381 metropolitan Real Estate Markets. Greensboro was in the 80th
percentile. So Greensboro, NC performed better in the Last Quarter than 80%
of the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Greensboro, North Carolina

The data and analysis on this page pertains to Greensboro-High Point, NC,
hereinafter referred to as "Greensboro". The all time high in the Greensboro
Home Price Index was 161.8 in the 3rd Quarter, of 2017.  The Home Price Index
indicates that the Greensboro Market is up 7% over the last 10 years. Home
prices in the Greensboro Real Estate Market have gained 5.41% over the last
12 months. Over the last thirty years, it is up 92%.

The 3rd Quarter index value was 4.41 points higher than the 2nd Quarter, 2017
index value of 157.41, resulting in a 2.80% rise in the 3rd Quarter for the
Greensboro Market.

The Greensboro Home Price Index has increased for 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 25 consecutive quarters. The current record holder for consecutive
declines in the Home Price Index is Carbondale, IL, with declines in the last 3
consecutive quarters.

The highest annual change in the value of houses in the Greensboro Real
Estate Market was 17% in the twelve months ended with the 4th Quarter of
1984. The worst annual change in home values  in the Greensboro Market was
-6% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Greensboro Real Estate Market over
a three year period was 33% in the three years ended with the 4th Quarter of
1986. The worst performance over a three year period in the Greensboro
Market was -10% in the three years ended with the 1st Quarter of 2012.

This page provides a long term graph of the Greensboro 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 Greensboro 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 Greensboro 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 Greensboro 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, 2017 Housing Data: Greensboro, North Carolina

The trend of Greensboro 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 Greensboro-High Point, NC, hereinafter referred to as "Greensboro".

Last Quarter:
During the 3rd Quarter of 2017, Greensboro Home Prices had a rank of 75,
with appreciation of 2.80%. The top performing real estate market during the
3rd Quarter was Pine Bluff, AR, with a rise of 7.86%. The worst market during
that period was Weirton, OH, with appreciation of -9.33%.
The median for all cities during the 3rd Quarter was 1.52%. The average for all
markets during the quarter was 1.39%.

Last Year:
During the last 12 months, Greensboro Home Prices had a rank of 191, with
appreciation during the year of 5.41%. The top performing market during the
last year was Seattle, WA, with an increase of 14.2%. The worst real estate
market during that period was Lawton, OK, with appreciation of -7.3%.
The median for all markets during this period was 5.41%. The average was
5.42%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2017, Greensboro Home Prices
ranked 243, with a total appreciation of 14.2%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 95%.
The worst market during that period was Lawton, OK, with appreciation of -7%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2017, Greensboro Home
Prices had a rank of 176, with appreciation during the decade of 7%. The top
performing market during the period was Denver, CO, with a rise of 63%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -28%.
The median for all markets during the last 10 years was 5%. The average for
the cities over that time frame was 7%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2017, Greensboro Home
Prices had a rank of 334, with total growth over the 20 year period of 46%. The
top performing real estate market during the period was San Francisco, CA,
with an increase of 283%. The worst market during the last 20 years was
Mansfield, OH, with appreciation of 20%.
The median for all cities during the last 20 years was 80%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Greensboro Real
Estate Market is available back to the 3rd Quarter, of 1979. All calculations are
based on the quarterly value of the House Price Index for Greensboro. 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 Wednesday, January 10, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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