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Dover, DE - House Price Index (HPI) - 21 Year Chart
Dover Real Estate Market
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1000
The House Price Index (HPI) shows changes in Dover, DE 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.
Dover Real Estate Index: 21 Year Chart
Home Values Appreciation Rate - US Cities
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Dover Real Estate Market: Trend, Analysis & Statistics
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Commentary  10157
4th Quarter, 2011 Housing Statistics: Dover, Delaware


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      82%

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 Dover housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Dover is 82%. In other words, when tested against historical
data, the forecasting methodology was correct 82% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Dover is 82% 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 Dover Real
Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      80%

The forecast for the trend in the Dover housing market for the 3 years ending
with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend Forecast for
Dover is 80%. In other words, when tested against historical data, the
forecasting methodology was correct 80% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Dover is 80% 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 Dover Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Dover, Delaware


Historical Home Price Appreciation
Last Quarter                                     0.54%
Last Year . . . . . . . . . . . . . . . . . . . .  -5.6%
Last 5 Years                                     -20%
Last 10 Years . . . . . . . . . . . . . . . . . 35%
Last 20 Years                                   65%
Decline From All Time High               21.34%


Annual Home Price Appreciation Rates
1982        n/a
1983        n/a
1984        n/a
1985        n/a
1986        n/a
1987        n/a
1988      9.46%
1989      6.95%
1990      3.37%
1991      5.66%
1992      1.36%
1993      1.39%
1994      -3.79%
1995      4.99%
1996      0.40%
1997      3.81%
1998      1.78%
1999      1.85%
2000      1.79%
2001      7.33%
2002      5.69%
2003      7.14%
2004      15.97%
2005      16.27%
2006      10.23%
2007      0.16%
2008      -5.22%
2009      -6.45%
2010      -4.60%
2011      -5.62%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.54%         Rank: 147 of 381 (61st Percentile)
Last Year  . . . . . . . . . . . . . . . .  -5.6%          Rank: 318 of 381 (16th Percentile)
Last 5 Years                              -20%           Rank: 295 of 381 (22nd Percentile)
Last 10 Years  . . . . . . . . . . . .   35%            Rank: 108 of 381 (71st Percentile)
Last 20 Years                            65%            Rank: 273 of 355 (23rd Percentile)
Decline From All Time High        21.34%

Home Price appreciation rates for Dover, DE are shown above for five time
periods. For example: Dover appreciated 0.54% in the Last Quarter. At that
rate, the Dover Real Estate Market was ranked 147th out of 381 metropolitan
areas for Real Estate Appreciation. Dover was in the 61st percentile. So Dover,
DE performed better in the Last Quarter than 61% of the 381 metropolitan
areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Dover, Delaware

The all time high in the Dover Home Price Index was 213.8 in the 1st Quarter, of
2007. The 4th Quarter, 2011 index value was 168.2. That's a decline of 45.63
points or 21.34% below the Dover Home Price Index all time high.  The Home
Price Index indicates that the Dover Market is up 35% over the last 10 years.
Home Prices in the Dover Real Estate Market have lost 5.62% over the last 12
months.

The 4th Quarter index value was 0.91 points higher than the 3rd Quarter, 2011
index value of 167.29, resulting in a 0.54% rise in the 4th Quarter for the Dover
Market.

The Dover Home Price Index increased in the last quarter after falling in the
previous 4 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 Dover Real Estate Market
was 22% in the twelve months ended with the 2nd Quarter of 2005. The worst
annual home appreciation rate in the Dover Market was -9% in the twelve
months ended with the 1st Quarter of 2010.

The highest home appreciation in the Dover Real Estate Market over a three
year period was 50% in the three years ended with the 3rd Quarter of 2006.
The worst home appreciation over a three year period in the Dover Market was
-18% in the three years ended with the 2nd Quarter of 2011.

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

Historical data on the Dover Home Price Index is available back to the 3rd
Quarter, of 1987. All calculations are based on the quarterly value of the House
Price Index for the Dover 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 Dover 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: Dover, Delaware

The appreciation of Dover 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, Dover Home Prices had a rank of 147, with
appreciation of 0.54%. 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, Dover Home Prices had a rank of 318, with
appreciation during the year of -5.62%. 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, Dover Home Prices
ranked 295, with a total appreciation of -20.0%. 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, Dover Home Prices had
a rank of 108, with appreciation during the decade of 35%. 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:
During the 20 years ended in the 4th Quarter of 2011, Dover Home Prices had
a rank of 273, with total appreciation over the 20 year period of 65%. The top
performing real estate market during the period was Casper, WY, with
appreciation of 222%. The worst market during the last 20 years was Las
Vegas, NV, with appreciation of 5%.
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 Dover Real Estate
Market is available back to the 3rd Quarter, of 1987. All calculations are based
on the quarterly value of the House Price Index for Dover. 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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