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Cumberland, MD - House Price Index (HPI) - 14 Year Chart
Cumberland Real Estate Market
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The House Price Index (HPI) shows changes in Cumberland, MD-WV single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Wednesday, April 18, 2012.
Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Cumberland Real Estate Index: 14 Year Chart
Home Values Appreciation Rate - US Cities
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Cumberland Real Estate Market: Trend, Analysis & Statistics
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Commentary  10143
4th Quarter, 2011 Housing Statistics: Cumberland, Maryland


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      71%

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 Cumberland housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Cumberland is 71%. In other words, when tested against
historical data, the forecasting methodology was correct 71% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Cumberland is 71% during this period. If this Housing Market Forecast
is correct, home prices will be lower in the 4th Quarter of 2012 than they were in
the 4th Quarter of 2011. Check this page each quarter for updates to the
Cumberland Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      78%

The forecast for the trend in the Cumberland housing market for the 3 years
ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Cumberland is 78%. In other words, when tested against historical
data, the forecasting methodology was correct 78% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Cumberland is 78% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 4th Quarter of 2014 than they were in
the 4th Quarter of 2011. Check this page each quarter for updates to the
Cumberland Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Cumberland, Maryland


Historical Home Price Appreciation
Last Quarter                                     0.40%
Last Year . . . . . . . . . . . . . . . . . . . .  -2.2%
Last 5 Years                                     -2%
Last 10 Years . . . . . . . . . . . . . . . . . 49%
Last 20 Years                                   
Decline From All Time High               8.94%


Annual Home Price Appreciation Rates
1982        n/a
1983        n/a
1984        n/a
1985        n/a
1986        n/a
1987        n/a
1988        n/a
1989        n/a
1990        n/a
1991        n/a
1992        n/a
1993        n/a
1994        n/a
1995      0.03%
1996      -3.21%
1997      12.27%
1998      4.39%
1999      -2.75%
2000      2.56%
2001      4.47%
2002      6.07%
2003      2.39%
2004      8.19%
2005      16.35%
2006      11.29%
2007      6.73%
2008      0.78%
2009      -5.50%
2010      -1.47%
2011      -2.21%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.40%         Rank: 166 of 381 (56th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -2.2%          Rank: 173 of 381 (54th Percentile)
Last 5 Years                              -2%             Rank: 138 of 381 (63rd Percentile)
Last 10 Years  . . . . . . . . . . . .   49%            Rank: 33 of 381 (91st Percentile)

Decline From All Time High        8.94%

Home Price appreciation rates for Cumberland, MD-WV are shown above for
five time periods. For example: Cumberland appreciated 0.40% in the Last
Quarter. At that rate, the Cumberland Real Estate Market was ranked 166th out
of 381 metropolitan areas for Real Estate Appreciation. Cumberland was in the
56th percentile. So Cumberland, MD performed better in the Last Quarter than
56% of the 381 metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Cumberland, Maryland

The all time high in the Cumberland Home Price Index was 183.5 in the 4th
Quarter, of 2008. The 4th Quarter, 2011 index value was 167.1. That's a
decline of 16.41 points or 8.94% below the Cumberland Home Price Index all
time high.  The Home Price Index indicates that the Cumberland Market is up
49% over the last 10 years. Home Prices in the Cumberland Real Estate Market
have lost 2.21% over the last 12 months.

The 4th Quarter index value was 0.66 points higher than the 3rd Quarter, 2011
index value of 166.39, resulting in a 0.40% rise in the 4th Quarter for the
Cumberland Market.

The Cumberland 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 Wheeling, WV; Washington, DC; St. Cloud, MN and
Grand Forks, ND, with increases in 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 20 consecutive quarters.

The highest annual home appreciation rate in the Cumberland Real Estate
Market was 16% in the twelve months ended with the 4th Quarter of 2005. The
worst annual home appreciation rate in the Cumberland Market was -9% in the
twelve months ended with the 1st Quarter of 2010.

The highest home appreciation in the Cumberland Real Estate Market over a
three year period was 40% in the three years ended with the 4th Quarter of
2006. The worst home appreciation over a three year period in the Cumberland
Market was -9% in the three years ended with the 4th Quarter of 2011.

This page provides a long term graph of the Cumberland Home Price Index
(above). The house price chart has been updated through the 4th Quarter of
2011. For more information about Cumberland Home Prices, look at the links
under that chart. One link opens a long term chart of historical appreciation
rates for the Cumberland Real Estate Market. Another opens a forecast for
appreciation rates in the state of Maryland. 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 Cumberland Home
Prices will be at your fingertips when you need them.

Historical data on the Cumberland Home Price Index is available back to the 3rd
Quarter, of 1994. All calculations are based on the quarterly value of the House
Price Index for the Cumberland 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 Cumberland 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
4th Quarter, 2011 Housing Data: Cumberland, Maryland

The appreciation of Cumberland 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 4th Quarter of 2011, Cumberland Home Prices had a rank of 166,
with appreciation of 0.40%. The top performing real estate market during the
4th Quarter was Vineland, NJ, with appreciation of 6.09%. The worst market
during that period was Valdosta, GA, with appreciation of -5.24%.
The median appreciation for all cities during the 4th Quarter was 0.24%. The
average appreciation for all markets during the quarter was 0.29%.

Last Year:
During the last 12 months, Cumberland Home Prices had a rank of 173, with
appreciation during the year of -2.21%. The top performing market during the
last year was Midland, TX, with appreciation of 4.7%. The worst real estate
market during that period was Carson City, NV, with appreciation of -18.1%.
The median appreciation for all markets during this period was -2.61%. The
average appreciation was -2.93%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2011, Cumberland Home Prices
ranked 138, with a total appreciation of -2.1%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 23%. The
worst market during that period was Merced, CA, with appreciation of -62%.
The median appreciation for all cities during this time period was -7%. The
average appreciation over the 5 years was -11%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2011, Cumberland Home
Prices had a rank of 33, with appreciation during the decade of 49%. 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 24%. The
average appreciation for the cities over that time frame was 25%.

Last 20 Years:
Twenty year data is not available
The median appreciation for all cities during the last 20 years was 85%. The
average appreciation for the markets over that time frame was 87%.

Historical research data on the Home Price Index for the Cumberland Real
Estate Market is available back to the 3rd Quarter, of 1994. All calculations are
based on the quarterly value of the House Price Index for Cumberland. 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.)




























































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