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Allentown, PA - House Price Index (HPI) - 30 Year Chart
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Allentown Real Estate Market
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The House Price Index (HPI) shows changes in Allentown-Bethlehem-Easton, PA-NJ single family
home prices in logarithmic scale. The March, 1995 index value equals 100. Updated Wednesday,
January 25, 2012. Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Allentown Real Estate Market: Trend, Analysis & Statistics
1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010
Commentary 9304
3rd Quarter, 2011 Housing Statistics: Allentown, Pennsylvania
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 75%
Forecast-Chart.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 Allentown housing market for the 12
months ending with the 3rd Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Allentown is 75%. In other words, when tested against
historical data, the forecasting methodology was correct 75% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Allentown is 75% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 3rd Quarter of 2012 than they were in
the 3rd Quarter of 2011. Check this page each quarter for updates to the
Allentown Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 68%
The forecast for the trend in the Allentown housing market for the 3 years
ending with the 3rd Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Allentown is 68%. In other words, when tested against historical
data, the forecasting methodology was correct 68% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Allentown is 68% during this period. If this Housing Market Forecast is correct,
home prices will be lower in the 3rd Quarter of 2014 than they were in the 3rd
Quarter of 2011. Check this page each quarter for updates to the Allentown
Real Estate Market Forecast.
Part 2: MARKET SUMMARY
3rd Quarter, 2011 Housing Data: Allentown, Pennsylvania
Historical Home Price Appreciation
Last Quarter -0.89%
Last Year . . . . . . . . . . . . . . . . . . . . -5.9%
Last 5 Years -14%
Last 10 Years . . . . . . . . . . . . . . . . . 40%
Last 20 Years 64%
Decline From All Time High 16.80%
Annual Home Price Appreciation Rates
1981 -3.79%
1982 6.06%
1983 4.17%
1984 6.63%
1985 9.97%
1986 13.64%
1987 27.22%
1988 9.81%
1989 3.00%
1990 -4.12%
1991 1.45%
1992 1.27%
1993 0.32%
1994 -4.83%
1995 3.00%
1996 0.24%
1997 1.80%
1998 2.65%
1999 0.79%
2000 4.29%
2001 7.26%
2002 7.60%
2003 9.45%
2004 13.42%
2005 13.99%
2006 7.68%
2007 0.44%
2008 -5.37%
2009 -4.77%
2010 -1.91%
Real Estate Appreciation, Rank & Percentile
Last Quarter -0.89% Rank: 323 of 381 (15th Percentile)
Last Year . . . . . . . . . . . . . . . . -5.9% Rank: 280 of 381 (26th Percentile)
Last 5 Years -14% Rank: 258 of 381 (32nd Percentile)
Last 10 Years . . . . . . . . . . . . 40% Rank: 79 of 381 (79th Percentile)
Last 20 Years 64% Rank: 274 of 351 (22nd Percentile)
Decline From All Time High 16.80%
Home Price appreciation rates for Allentown-Bethlehem-Easton, PA-NJ are
shown above for five time periods. For example: Allentown appreciated -0.89%
in the Last Quarter. At that rate, the Allentown Real Estate Market was ranked
323rd out of 381 metropolitan areas for Real Estate Appreciation. Allentown
was in the 15th percentile. So Allentown, PA performed better in the Last
Quarter than 15% of the 381 metropolitan areas covered in
Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2011 Housing Statistics: Allentown, Pennsylvania
The data and analysis on this page pertains to Allentown-Bethlehem-Easton,
PA-NJ, hereinafter referred to as "Allentown". The all time high in the Allentown
Home Price Index was 201.7 in the 2nd Quarter, of 2007. The 3rd Quarter,
2011 index value was 167.8. That's a decline of 33.88 points or 16.80% below
the Allentown Home Price Index all time high. The Home Price Index indicates
that the Allentown Market is up 40% over the last 10 years. Home Prices in the
Allentown Real Estate Market have lost 5.88% over the last 12 months. Over
the last thirty years, it is up 227%.
The 3rd Quarter index value was 1.51 points lower than the 2nd Quarter, 2011
index value of 169.32, resulting in a 0.89% decline for the 3rd Quarter in the
Allentown Market.
The Allentown Home Price Index has declined for the last 4 consecutive
quarters. The current record holder for consecutive declines in the Home Price
Index is Las Vegas, NV, with declines in the last 19 consecutive quarters. The
current record holder for consecutive increases in the Home Price Index is
Bismarck, ND, with increases in the last 6 consecutive quarters.
The highest annual home appreciation rate in the Allentown Real Estate Market
was 27% in the twelve months ended with the 4th Quarter of 1987. The worst
annual home appreciation rate in the Allentown Market was -12% in the twelve
months ended with the 1st Quarter of 1982.
The highest home appreciation in the Allentown Real Estate Market over a
three year period was 63% in the three years ended with the 2nd Quarter of
1988. The worst home appreciation over a three year period in the Allentown
Market was -13% in the three years ended with the 2nd Quarter of 2011.
This page provides a long term graph of the Allentown Home Price Index
(above). The house price chart has been updated through the 3rd Quarter of
2011. For more information about Allentown Home Prices, look at the links
under that chart. One link opens a long term chart of historical appreciation
rates for the Allentown Real Estate Market. Another opens a forecast for
appreciation rates in the state of Pennsylvania. Just one glance at
Forecast-Chart.com's long term charts can provide tremendous insight into the
historical trends of residential property values. Bookmark this page! Then
Forecast-Chart.com's detailed research and statistics about Allentown Home
Prices will be at your fingertips when you need them.
Historical data on the Allentown Home Price Index is available back to the 4th
Quarter, of 1978. All calculations are based on the quarterly value of the House
Price Index for the Allentown 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 Allentown 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, 2011 Housing Data: Allentown, Pennsylvania
The appreciation of Allentown 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 Allentown-Bethlehem-Easton, PA-NJ, hereinafter referred to as "Allentown".
Last Quarter:
During the 3rd Quarter of 2011, Allentown Home Prices had a rank of 323, with
appreciation of -0.89%. The top performing real estate market during the 3rd
Quarter was Lewiston, ID, with appreciation of 7.64%. The worst market during
that period was Sumter, SC, with appreciation of -5.30%.
The median appreciation for all cities during the 3rd Quarter was 0.70%. The
average appreciation for all markets during the quarter was 0.72%.
Last Year:
During the last 12 months, Allentown Home Prices had a rank of 280, with
appreciation during the year of -5.88%. The top performing market during the
last year was Elmira, NY, with appreciation of 6.1%. The worst real estate
market during that period was Carson City, NV, with appreciation of -15.4%.
The median appreciation for all markets during this period was -3.41%. The
average appreciation was -4.02%.
Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2011, Allentown Home Prices
ranked 258, with a total appreciation of -14.5%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 27%. The
worst market during that period was Merced, CA, with appreciation of -64%.
The median appreciation for all cities during this time period was -6%. The
average appreciation over the 5 years was -10%.
Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2011, Allentown Home Prices
had a rank of 79, with appreciation during the decade of 40%. The top
performing market during the period was Midland, TX, with appreciation of 92%.
The worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -29%.
The median appreciation for all markets during the last 10 years was 26%. The
average appreciation for the cities over that time frame was 26%.
Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2011, Allentown Home Prices
had a rank of 274, with total appreciation over the 20 year period of 64%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 214%. The worst market during the last 20 years was Merced,
CA, with appreciation of 6%.
The median appreciation for all cities during the last 20 years was 87%. The
average appreciation for the markets over that time frame was 89%.
Historical research data on the Home Price Index for the Allentown Real Estate
Market is available back to the 4th Quarter, of 1978. All calculations are based
on the quarterly value of the House Price Index for Allentown. Real estate
appreciation figures represent total appreciation over each time period. (Unless
specifically stated, the appreciation figures do not represent annual or quarterly
rates of appreciation.)
PART 5: NATIONAL ECONOMIC FORECASTS
Local economies and home values are influenced in varying degrees by
national economic conditions. Forecasts for some relevant indicators are
included below. The date shown to the right of the forecast represents the
target date of the forecast. Abbreviations: SSAR (Seasonally Adjusted Annual
Rate), Q1 (First Quarter), Q2 (Second Quarter), etc.
U. S. Home Values (12 Month Appreciation or Depreciation) -1.9% (2012-Q4)
30 Year Mortgage Interest Rate: 3.25% (December, 2012)
15 Year Mortgage Rate: 2.93% (December, 2012)
Adjustable Rate Mortgage Rate: 0.00% (December, 2012)
Housing Starts (SSAR in 1000's): 732 (November, 2012)
Prime Interest Rate: 0.11% (December, 2012)
US Unemployment Rate (Overall): 8.63% (November, 2012)
US Inflation or Deflation (-): 3.04% (November, 2012)
Crude Oil Prices (Dollars per Barrel): $92.4 (November, 2012)
Natural Gas Prices (Dollars Per Million BTU): $3.37 (November, 2012)
U.S. Dollar Trade Weighted Currency Exchange Index: 105 (December, 2012)
GDP (Gross Domestic Product) SSAR in Trillions: $15.6 (2012-Q2)
GNP (Gross National Product) SSAR in Trillions: $16.0 (2012-Q2)
Federal Surplus or Deficit (-) in Billions: $-1704 (2011)
National Debt (Trillions): $14.6 (2012-Q2)
Fed Funds Rate: 4.03% (December, 2012)
S&P 500 (Standard & Poor's 500 Stock Index): 1245 (December, 2012)
DJIA (Dow Jones Industrial Average): 12030 (December, 2012)
U. S. Exports (SSAR in Billions): $2338 (2012-Q2)
U. S. Imports (SSAR in Billions): $3042 (2012-Q2)
U. S. Personal Savings Rate: 4.61% (November, 2012)
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