Housing Price Index Update - As of Sep 2008
There are different real estate economy indicators for Middle GA homes for sale, but I prefer to look at The Office of Federal Housing Enterprise Oversight Home Price Index at http://www.ofheo.gov/. Warner Robins GA was unranked in 2007 with 6.52% percent increase in Housing Price Index. In the last 5 years there has been a 21.39% total increase averaging 4.3% per year with the housing market in Warner Robins. The National HPI fell in 2007 .3%. It is important to remember that the National Average is just that - an average compared to what it was 12 months prior. There are many communities above the average and many below the average. Warner Robins real estate market remains strong, but average days on market have increased in 2008 by 1 or 2 months and list to sell prices dropped slightly. National averages on HPI have decreased, but our local market in Warner Robins Georgia continues to appreciate. HPI is based on total change over the past 12 months.
1st Qtr 08: (Jan-Mar)
National HPI fell 1.7%
Warner Robins 1.03 increase
2nd Qtr 08: (Apr-Jun)
National HPI fell 1.4%
Warner Robins .65 increase
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