Greensboro, NC - House Price Index (HPI)
Greensboro Real Estate Market Forecast
100
1000
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.  Updated Friday, June 28, 2013.
Real estate forecasts, analysis, statistics and appreciation rates are provided below.
10
Greensboro Real Estate Market: Trend Outlook, Analysis & Statistics
1/75      1/1980        1/1985        1/1990        1/1995         1/2000        1/2005        1/2010         1/15
Commentary  14772
2nd Quarter, 2013 Housing Statistics: Greensboro, North Carolina


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      91%

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 2nd Quarter of 2014 is UP. The Accuracy of the Trend
Projection for Greensboro is 91%. In other words, when tested against historical
data, the forecasting methodology was correct 91% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Greensboro is 91% during this period. If this Housing Market Forecast is
correct, home prices will be higher in the 2nd Quarter of 2014 than they were in
the 2nd Quarter of 2013. Check this page each quarter for updates to the
Greensboro Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      91%

The forecast for the trend in the Greensboro housing market for the 3 years
ending with the 2nd Quarter of 2016 is UP. The Accuracy of the Trend
Prediction for Greensboro is 91%. In other words, when tested against historical
data, the forecasting methodology was correct 91% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Greensboro is 91% during this period. If this Housing Market Forecast is
correct, home values will be higher in the 2nd Quarter of 2016 than they were in
the 2nd Quarter of 2013. Check this page each quarter for updates to the
Greensboro Real Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2013 Housing Data: Greensboro, North Carolina


Historical Home Price Appreciation
Last Quarter                                     1.28%
Last Year . . . . . . . . . . . . . . . . . . . .  1.5%
Last 5 Years                                     -7%
Last 10 Years . . . . . . . . . . . . . . . . . 6%
Last 20 Years                                   52%
Decline From All Time High               7.39%


Annual Home Price Appreciation Rates
1983      -3.62%
1984      14.73%
1985      6.35%
1986      7.47%
1987      5.78%
1988      3.73%
1989      3.03%
1990      0.52%
1991      2.53%
1992      2.57%
1993      2.79%
1994      3.43%
1995      3.82%
1996      3.08%
1997      5.77%
1998      3.71%
1999      3.05%
2000      4.36%
2001      3.83%
2002      2.83%
2003      2.78%
2004      2.39%
2005      4.19%
2006      2.53%
2007      2.82%
2008      -1.83%
2009      -2.34%
2010      -0.68%
2011      -2.86%
2012      0.02%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.28%         Rank: 144 of 381 (62nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  1.5%           Rank: 223 of 381 (41st Percentile)
Last 5 Years                              -7%             Rank: 171 of 381 (55th Percentile)
Last 10 Years  . . . . . . . . . . . .   6%              Rank: 292 of 381 (23rd Percentile)
Last 20 Years                            52%            Rank: 309 of 372 (16th Percentile)
Decline From All Time High        7.39%

The change in home prices for Greensboro-High Point, NC are shown above for
five time periods. For example: Greensboro appreciated 1.28% in the Last
Quarter. At that rate, the Greensboro Real Estate Market was ranked 144th out
of 381 metropolitan Real Estate Markets. Greensboro was in the 62nd
percentile. So Greensboro, NC performed better in the Last Quarter than 62%
of the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2013 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 156.1 in the 1st Quarter, of 2009. The 2nd Quarter, 2013
index value was 144.5. That's a decline of 11.53 points or 7.39% below the
Greensboro Home Price Index all time high.  The Home Price Index indicates
that the Greensboro Market is up 6% over the last 10 years. Home prices in the
Greensboro Real Estate Market have gained 1.54% over the last 12 months.
Over the last thirty years, it is up 136%.

The 2nd Quarter index value was 1.82 points higher than the 1st Quarter, 2013
index value of 142.71, resulting in a 1.28% rise in the 2nd Quarter for the
Greensboro Market.

The Greensboro Home Price Index increased in the last quarter after falling in
the previous quarter. The current record holder for consecutive increases in
the Home Price Index is Bismarck, ND, with increases in the last 13 consecutive
quarters. The current record holders for consecutive declines in the Home Price
Index are Wichita Falls, TX; Toledo, OH; Springfield, OH; Scranton, PA and
Rockford, IL, with declines in the last 5 consecutive quarters.

The highest annual change in the value of houses in the Greensboro Real
Estate Market was 15% 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 31% 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
2nd Quarter, 2013 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 2nd Quarter of 2013, Greensboro Home Prices had a rank of 144,
with appreciation of 1.28%. The top performing real estate market during the
2nd Quarter was Stockton, CA, with a rise of 7.33%. The worst market during
that period was Lawton, OK, with appreciation of -3.13%.
The median for all cities during the 2nd Quarter was 0.71%. The average for all
markets during the quarter was 1.07%.

Last Year:
During the last 12 months, Greensboro Home Prices had a rank of 223, with
appreciation during the year of 1.54%. The top performing market during the
last year was Stockton, CA, with an increase of 19.4%. The worst real estate
market during that period was Norwich, CT, with appreciation of -3.4%.
The median for all markets during this period was 1.95%. The average was
3.25%.

Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2013, Greensboro Home Prices
ranked 171, with a total appreciation of -6.5%. The top performing real estate
market during the 5 year period was Bismarck, ND, with a growth in value of
29%. The worst market during that period was Las Vegas, NV, with appreciation
of -39%.
The median for all cities during this time period was -8%. The average over the
5 years was -9%.

Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2013, Greensboro Home
Prices had a rank of 292, with appreciation during the decade of 6%. The top
performing market during the period was Midland, TX, with a rise of 115%. The
worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -30%.
The median for all markets during the last 10 years was 17%. The average for
the cities over that time frame was 17%.

Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2013, Greensboro Home
Prices had a rank of 309, with total growth over the 20 year period of 52%. The
top performing real estate market during the period was Casper, WY, with an
increase of 206%. The worst market during the last 20 years was Las Vegas,
NV, with appreciation of 19%.
The median for all cities during the last 20 years was 78%. The average for the
markets over that time frame was 80%.

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.)








Commentary  14010
1st Quarter, 2013 Housing Statistics: Greensboro, North Carolina


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      91%

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 1st Quarter of 2014 is UP. The Accuracy of the Trend
Forecast for Greensboro is 91%. In other words, when tested against historical
data, the forecasting methodology was correct 91% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Greensboro is 91% during this period. If this Housing Market Forecast is
correct, home prices will be higher in the 1st Quarter of 2014 than they were in
the 1st Quarter of 2013. Check this page each quarter for updates to the
Greensboro Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      91%

The forecast for the trend in the Greensboro housing market for the 3 years
ending with the 1st Quarter of 2016 is UP. The Accuracy of the Trend Forecast
for Greensboro is 91%. In other words, when tested against historical data, the
forecasting methodology was correct 91% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Greensboro is 91% during this period. If this Housing Market Forecast is
correct, home values will be higher in the 1st Quarter of 2016 than they were in
the 1st Quarter of 2013. Check this page each quarter for updates to the
Greensboro Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2013 Housing Data: Greensboro, North Carolina


Historical Home Price Appreciation
Last Quarter                                     -0.99%
Last Year . . . . . . . . . . . . . . . . . . . .  1.2%
Last 5 Years                                     -8%
Last 10 Years . . . . . . . . . . . . . . . . . 5%
Last 20 Years                                   51%
Decline From All Time High               8.67%


Annual Home Price Appreciation Rates
1983      -3.60%
1984      14.70%
1985      6.34%
1986      7.48%
1987      5.79%
1988      3.72%
1989      3.04%
1990      0.51%
1991      2.54%
1992      2.57%
1993      2.79%
1994      3.43%
1995      3.82%
1996      3.09%
1997      5.77%
1998      3.70%
1999      3.05%
2000      4.36%
2001      3.84%
2002      2.82%
2003      2.79%
2004      2.38%
2005      4.19%
2006      2.56%
2007      2.84%
2008      -1.73%
2009      -2.38%
2010      -0.57%
2011      -2.90%
2012      0.00%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.99%        Rank: 310 of 381 (18th Percentile)
Last Year  . . . . . . . . . . . . . . . .  1.2%           Rank: 175 of 381 (54th Percentile)
Last 5 Years                              -8%             Rank: 170 of 381 (55th Percentile)
Last 10 Years  . . . . . . . . . . . .   5%              Rank: 296 of 381 (22nd Percentile)
Last 20 Years                            51%            Rank: 308 of 369 (16th Percentile)
Decline From All Time High        8.67%

The change in home prices for Greensboro-High Point, NC are shown above for
five time periods. For example: Greensboro appreciated -0.99% in the Last
Quarter. At that rate, the Greensboro Real Estate Market was ranked 310th out
of 381 metropolitan Real Estate Markets. Greensboro was in the 18th
percentile. So Greensboro, NC performed better in the Last Quarter than 18%
of the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2013 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 156.3 in the 1st Quarter, of 2009. The 1st Quarter, 2013
index value was 142.7. That's a decline of 13.55 points or 8.67% below the
Greensboro Home Price Index all time high.  The Home Price Index indicates
that the Greensboro Market is up 5% over the last 10 years. Home prices in the
Greensboro Real Estate Market have gained 1.24% over the last 12 months.
Over the last thirty years, it is up 126%.

The 1st Quarter index value was 1.42 points lower than the 4th Quarter, 2012
index value of 144.12, resulting in a 0.99% decline for the 1st Quarter in the
Greensboro Market.

The Greensboro Home Price Index declined in the last quarter after increasing
in the previous 3 quarters. The current record holders for consecutive declines
in the Home Price Index are Wichita Falls, TX; Toledo, OH; Scranton, PA;
Sandusky, OH and Rockford, IL, with declines in the last 4 consecutive
quarters. The current record holder for consecutive increases in the Home
Price Index is Bismarck, ND, with increases in the last 12 consecutive quarters.

The highest annual change in the value of houses in the Greensboro Real
Estate Market was 15% 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 31% 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
1st Quarter, 2013 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 1st Quarter of 2013, Greensboro Home Prices had a rank of 310,
with appreciation of -0.99%. The top performing real estate market during the
1st Quarter was Napa, CA, with a rise of 4.80%. The worst market during that
period was Elmira, NY, with appreciation of -5.62%.
The median for all cities during the 1st Quarter was 0.04%. The average for all
markets during the quarter was 0.17%.

Last Year:
During the last 12 months, Greensboro Home Prices had a rank of 175, with
appreciation during the year of 1.24%. The top performing market during the
last year was Phoenix, AZ, with an increase of 15.3%. The worst real estate
market during that period was Pine Bluff, AR, with appreciation of -5.0%.
The median for all markets during this period was 1.00%. The average was
1.58%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2013, Greensboro Home Prices
ranked 170, with a total appreciation of -8.3%. The top performing real estate
market during the 5 year period was Midland, TX, with a growth in value of 22%.
The worst market during that period was Las Vegas, NV, with appreciation of
-49%.
The median for all cities during this time period was -10%. The average over
the 5 years was -12%.

Last 10 Years:
During the 10 years ended in the 1st Quarter of 2013, Greensboro Home
Prices had a rank of 296, with appreciation during the decade of 5%. The top
performing market during the period was Midland, TX, with a rise of 109%. The
worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -31%.
The median for all markets during the last 10 years was 17%. The average for
the cities over that time frame was 17%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2013, Greensboro Home
Prices had a rank of 308, with total growth over the 20 year period of 51%. The
top performing real estate market during the period was Casper, WY, with an
increase of 213%. The worst market during the last 20 years was Las Vegas,
NV, with appreciation of 12%.
The median for all cities during the last 20 years was 77%. The average for the
markets over that time frame was 80%.

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.)









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