Atlantic City, NJ - House Price Index (HPI)
Atlantic City Real Estate Market Forecast
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The House Price Index (HPI) shows changes in Atlantic City-Hammonton, NJ 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
Atlantic City Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  2507.56
3rd Quarter, 2018 Housing Statistics: Atlantic City, New Jersey


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      72%

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 Atlantic City housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Atlantic City is 72%. In other words, when tested against historical
data, the forecasting methodology was correct 72% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Atlantic City is 72% 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
Atlantic City Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      75%

The forecast for the trend in the Atlantic City housing market for the 3 years
ending with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Atlantic City is 75%. In other words, when tested against historical
data, the forecasting methodology was correct 75% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Atlantic City is 75% 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
Atlantic City Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Atlantic City, New Jersey


Historical Home Price Appreciation
Last Quarter                                     -1.05%
Last Year . . . . . . . . . . . . . . . . . . . .  3.6%
Last 5 Years                                     1%
Last 10 Years . . . . . . . . . . . . . . . . . -19%
Last 20 Years                                   76%
Decline From All Time High               27.22%


Annual Home Price Appreciation Rates
1988      9.19%
1989      7.80%
1990      -1.14%
1991      -0.16%
1992      1.33%
1993      1.24%
1994      -6.64%
1995      3.64%
1996      0.70%
1997      4.36%
1998      4.96%
1999      2.46%
2000      7.67%
2001      10.00%
2002      11.94%
2003      15.32%
2004      19.66%
2005      19.87%
2006      6.89%
2007      -3.48%
2008      -7.67%
2009      -9.21%
2010      -1.19%
2011      -5.66%
2012      -4.48%
2013      -1.45%
2014      1.80%
2015      -2.83%
2016      3.31%
2017      -3.92%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -1.05%        Rank: 348 of 381 (8th Percentile)
Last Year  . . . . . . . . . . . . . . . .  3.6%           Rank: 290 of 381 (23rd Percentile)
Last 5 Years                              1%              Rank: 378 of 381 (Bottom .70%)
Last 10 Years  . . . . . . . . . . . .   -19%           Rank: 380 of 381 (Bottom .20%)
Last 20 Years                            76%            Rank: 215 of 379 (43rd Percentile)
Decline From All Time High        27.22%

The change in home prices for Atlantic City-Hammonton, NJ are shown above
for five time periods. For example: Atlantic City appreciated -1.05% in the Last
Quarter. At that rate, the Atlantic City Real Estate Market was ranked 348th out
of 381 metropolitan Real Estate Markets. Atlantic City was in the 8th percentile.
So Atlantic City, NJ performed better in the Last Quarter than 8% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Atlantic City, New Jersey

The data and analysis on this page pertains to Atlantic City-Hammonton, NJ,
hereinafter referred to as "Atlantic City". The all time high in the Atlantic City
Home Price Index was 274.7 in the 4th Quarter, of 2006. The 3rd Quarter, 2018
index value was 199.9. That's a decline of 74.77 points or 27.22% below the
Atlantic City Home Price Index all time high.  The Home Price Index indicates
that the Atlantic City Market is down 19% over the last 10 years. Home prices in
the Atlantic City Real Estate Market have gained 3.63% over the last 12
months. Over the last thirty years, it is up 105%.

The 3rd Quarter index value was 2.13 points lower than the 2nd Quarter, 2018
index value of 202.02, resulting in a 1.05% decline for the 3rd Quarter in the
Atlantic City Market.

The Atlantic City Home Price Index declined in the last quarter after increasing
in the previous 2 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 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 highest annual change in the value of houses in the Atlantic City Real
Estate Market was 23% in the twelve months ended with the 2nd Quarter of
2005. The worst annual change in home values  in the Atlantic City Market was
-9% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Atlantic City Real Estate Market over
a three year period was 65% in the three years ended with the 4th Quarter of
2005. The worst performance over a three year period in the Atlantic City
Market was -20% in the three years ended with the 2nd Quarter of 2010.

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

The trend of Atlantic 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. The data and analysis on this page pertains
to Atlantic City-Hammonton, NJ, hereinafter referred to as "Atlantic City".

Last Quarter:
During the 3rd Quarter of 2018, Atlantic City Home Prices had a rank of 348,
with appreciation of -1.05%. 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, Atlantic City Home Prices had a rank of 290, with
appreciation during the year of 3.63%. 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, Atlantic City Home Prices
ranked 378, with a total appreciation of 1.0%. 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, Atlantic City Home
Prices had a rank of 380, with appreciation during the decade of -19%. 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, Atlantic City Home
Prices had a rank of 215, with total growth over the 20 year period of 76%. 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 Atlantic City Real
Estate Market is available back to the 3rd Quarter, of 1983. All calculations are
based on the quarterly value of the House Price Index for Atlantic 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, December 20, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.




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