Sumter, SC - House Price Index (HPI)
Sumter Real Estate Market - Home Price Forecast
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The House Price Index (HPI) shows changes in Sumter, SC 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
Sumter Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  2825.56
3rd Quarter, 2018 Housing Statistics: Sumter, South Carolina


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      68%

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 Sumter housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Sumter is 68%. In other words, when tested against historical
data, the forecasting methodology was correct 68% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Sumter is 68% 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 Sumter Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      76%

The forecast for the trend in the Sumter housing market for the 3 years ending
with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend Prediction for
Sumter is 76%. In other words, when tested against historical data, the
forecasting methodology was correct 76% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Sumter is 76% 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 Sumter Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Sumter, South Carolina


Historical Home Price Appreciation
Last Quarter                         13.55%
Last Year                              15.8%
Last 5 Years                         19%
Last 10 Years                       13%
Last 20 Years                       73%



Annual Home Price Appreciation Rates
1988        n/a
1989        n/a
1990        n/a
1991      3.04%
1992      3.67%
1993      1.77%
1994      -2.01%
1995      4.39%
1996      3.63%
1997      3.76%
1998      4.08%
1999      3.03%
2000      3.67%
2001      7.08%
2002      1.75%
2003      5.32%
2004      7.09%
2005      5.12%
2006      6.72%
2007      2.16%
2008      -3.26%
2009      3.17%
2010      -2.86%
2011      -0.38%
2012      -1.51%
2013      0.99%
2014      -4.74%
2015      0.22%
2016      3.76%
2017      9.83%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              13.55%        Rank: 1 of 381 (100th Percentile)
Last Year  . . . . . . . . . . . . . . . .  15.8%          Rank: 4 of 381 (99th Percentile)
Last 5 Years                              19%            Rank: 246 of 381 (35th Percentile)
Last 10 Years  . . . . . . . . . . . .   13%            Rank: 242 of 381 (36th Percentile)
Last 20 Years                            73%            Rank: 228 of 379 (39th Percentile)


The change in home prices for Sumter, SC are shown above for five time
periods. For example: Sumter appreciated 13.55% in the Last Quarter. At that
rate, the Sumter Real Estate Market was ranked 1st out of 381 metropolitan
Real Estate Markets. Sumter was in the 100th percentile. So Sumter, SC
performed better in the Last Quarter than 100% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Sumter, South Carolina

The all time high in the Sumter Home Price Index was 204.2 in the 3rd Quarter,
of 2018.  The Home Price Index indicates that the Sumter Market is up 13%
over the last 10 years. Home prices in the Sumter Real Estate Market have
gained 15.83% over the last 12 months.

The 3rd Quarter index value was 24.38 points higher than the 2nd Quarter,
2018 index value of 179.86, resulting in a 13.55% rise in the 3rd Quarter for the
Sumter Market.

The Sumter Home Price Index increased in the last quarter after falling in the
previous 2 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 Sumter Real Estate
Market was 16% in the twelve months ended with the 3rd Quarter of 2018. The
worst annual change in home values  in the Sumter Market was -9% in the
twelve months ended with the 2nd Quarter of 2012.

The highest growth in home values in the Sumter Real Estate Market over a
three year period was 22% in the three years ended with the 1st Quarter of
2007. The worst performance over a three year period in the Sumter Market
was -9% in the three years ended with the 2nd Quarter of 2012.

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

The trend of Sumter 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, Sumter Home Prices outperformed every state,
with appreciation of 13.55% during the quarter. The worst performer 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, Sumter Home Prices had a rank of 4, with
appreciation during the year of 15.83%. 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, Sumter Home Prices
ranked 246, with a total appreciation of 18.9%. 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, Sumter Home Prices had
a rank of 242, with appreciation during the decade of 13%. 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, Sumter Home Prices had
a rank of 228, with total growth over the 20 year period of 73%. 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 Sumter Real Estate
Market is available back to the 2nd Quarter, of 1991. All calculations are based
on the quarterly value of the House Price Index for Sumter. 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 31, 2019.
SignalTrend  Inc. 2008 - 2019; All rights reserved.



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