Greensboro, NC - House Price Index (HPI)
Greensboro Real Estate Market Forecast
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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 Tuesday, June 23,
2015. 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  18582
3rd Quarter, 2014 Housing Statistics: Greensboro, North Carolina


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      90%

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 2015 is DOWN. The Accuracy of the
Trend Projection for Greensboro 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 falling house
prices in Greensboro is 90% during this period. If this Housing Market Forecast
is correct, home prices will be lower in the 3rd Quarter of 2015 than they were
in the 3rd Quarter of 2014. Check this page each quarter for updates to the
Greensboro Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      89%

The forecast for the trend in the Greensboro housing market for the 3 years
ending with the 3rd Quarter of 2017 is DOWN. The Accuracy of the Trend
Prediction for Greensboro is 89%. In other words, when tested against historical
data, the forecasting methodology was correct 89% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for falling house prices in
Greensboro is 89% during this period. If this Housing Market Forecast is
correct, home values will be lower in the 3rd Quarter of 2017 than they were in
the 3rd Quarter of 2014. Check this page each quarter for updates to the
Greensboro Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: Greensboro, North Carolina


Historical Home Price Appreciation
Last Quarter                                     -2.50%
Last Year . . . . . . . . . . . . . . . . . . . .  -0.2%
Last 5 Years                                     -5%
Last 10 Years . . . . . . . . . . . . . . . . . 3%
Last 20 Years                                   46%
Decline From All Time High               7.66%


Annual Home Price Appreciation Rates
1984      14.75%
1985      6.31%
1986      7.51%
1987      5.78%
1988      3.70%
1989      3.04%
1990      0.52%
1991      2.53%
1992      2.57%
1993      2.77%
1994      3.45%
1995      3.77%
1996      3.16%
1997      5.74%
1998      3.70%
1999      3.03%
2000      4.37%
2001      3.82%
2002      2.83%
2003      2.79%
2004      2.37%
2005      4.08%
2006      2.61%
2007      2.78%
2008      -1.94%
2009      -2.47%
2010      -0.73%
2011      -2.83%
2012      0.00%
2013      0.15%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -2.50%        Rank: 372 of 381 (2nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  -0.2%          Rank: 354 of 381 (7th Percentile)
Last 5 Years                              -5%             Rank: 298 of 381 (21st Percentile)
Last 10 Years  . . . . . . . . . . . .   3%              Rank: 262 of 381 (31st Percentile)
Last 20 Years                            46%            Rank: 348 of 378 (7th Percentile)
Decline From All Time High        7.66%

The change in home prices for Greensboro-High Point, NC are shown above for
five time periods. For example: Greensboro appreciated -2.50% in the Last
Quarter. At that rate, the Greensboro Real Estate Market was ranked 372nd
out of 381 metropolitan Real Estate Markets. Greensboro was in the 2nd
percentile. So Greensboro, NC performed better in the Last Quarter than 2% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 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 155.6 in the 1st Quarter, of 2009. The 3rd Quarter, 2014
index value was 143.7. That's a decline of 11.92 points or 7.66% below the
Greensboro Home Price Index all time high.  The Home Price Index indicates
that the Greensboro Market is up 3% over the last 10 years. Home Prices in the
Greensboro Real Estate Market have lost 0.24% over the last 12 months. Over
the last thirty years, it is up 113%.

The 3rd Quarter index value was 3.69 points lower than the 2nd Quarter, 2014
index value of 147.39, resulting in a 2.50% decline for the 3rd Quarter in the
Greensboro Market.

The Greensboro Home Price Index declined in the last quarter after increasing
in the previous quarter. The current record holder for consecutive declines in
the Home Price Index is Terre Haute, IN, with declines in 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 13 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
3rd Quarter, 2014 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 2014, Greensboro Home Prices had a rank of 372,
with appreciation of -2.50%. The top performing real estate market during the
3rd Quarter was Johnstown, PA, with a rise of 7.10%. The worst market during
that period was Farmington, NM, with appreciation of -4.09%.
The median for all cities during the 3rd Quarter was 1.44%. The average for all
markets during the quarter was 1.49%.

Last Year:
During the last 12 months, Greensboro Home Prices had a rank of 354, with
appreciation during the year of -0.24%. The top performing market during the
last year was Madera, CA, with an increase of 19.4%. The worst real estate
market during that period was Jacksonville, NC, with appreciation of -4.5%.
The median for all markets during this period was 3.94%. The average was
4.71%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2014, Greensboro Home Prices
ranked 298, with a total appreciation of -4.5%. The top performing real estate
market during the 5 year period was Merced, CA, with a growth in value of 45%.
The worst market during that period was Ocala, FL, with appreciation of -16%.
The median for all cities during this time period was 1%. The average over the
5 years was 3%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2014, Greensboro Home
Prices had a rank of 262, with appreciation during the decade of 3%. The top
performing market during the period was Midland, TX, with a rise of 129%. The
worst real estate market during the 10 year time period was Las Vegas, NV, with
appreciation of -27%.
The median for all markets during the last 10 years was 10%. The average for
the cities over that time frame was 11%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2014, Greensboro Home
Prices had a rank of 348, 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 229%. The worst market during the last 20 years was
Rockford, IL, with appreciation of 23%.
The median for all cities during the last 20 years was 75%. The average for the
markets over that time frame was 82%.

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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