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Edison, NJ - House Price Index (HPI) - 32 Year Chart
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Edison Real Estate Market
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The House Price Index (HPI) shows changes in Edison-New Brunswick, NJ single family home
prices in logarithmic scale. The March, 1995 index value equals 100. Updated Thursday, April 19,
2012. Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Edison Real Estate Market: Trend, Analysis & Statistics
1/75 1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010 1/15
Commentary 10162
4th Quarter, 2011 Housing Statistics: Edison, New Jersey
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 84%
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 Edison housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Edison is 84%. In other words, when tested against
historical data, the forecasting methodology was correct 84% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Edison is 84% 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
Edison Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 82%
The forecast for the trend in the Edison housing market for the 3 years ending
with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend Forecast for
Edison 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
Edison is 82% 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 Edison Real
Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Edison, New Jersey
Historical Home Price Appreciation
Last Quarter -0.23%
Last Year . . . . . . . . . . . . . . . . . . . . -4.2%
Last 5 Years -18%
Last 10 Years . . . . . . . . . . . . . . . . . 45%
Last 20 Years 117%
Decline From All Time High 18.19%
Annual Home Price Appreciation Rates
1982 4.16%
1983 7.16%
1984 12.58%
1985 19.65%
1986 27.35%
1987 20.86%
1988 2.42%
1989 -1.43%
1990 -7.28%
1991 -2.83%
1992 1.78%
1993 1.88%
1994 -2.93%
1995 3.09%
1996 0.49%
1997 3.95%
1998 3.92%
1999 6.76%
2000 11.47%
2001 12.02%
2002 14.39%
2003 12.91%
2004 15.51%
2005 15.02%
2006 3.09%
2007 -2.79%
2008 -6.34%
2009 -5.91%
2010 -0.34%
2011 -4.16%
Real Estate Appreciation, Rank & Percentile
Last Quarter -0.23% Rank: 266 of 381 (30th Percentile)
Last Year . . . . . . . . . . . . . . . . -4.2% Rank: 269 of 381 (29th Percentile)
Last 5 Years -18% Rank: 284 of 381 (25th Percentile)
Last 10 Years . . . . . . . . . . . . 45% Rank: 49 of 381 (87th Percentile)
Last 20 Years 117% Rank: 57 of 355 (84th Percentile)
Decline From All Time High 18.19%
Home Price appreciation rates for Edison-New Brunswick, NJ are shown above
for five time periods. For example: Edison appreciated -0.23% in the Last
Quarter. At that rate, the Edison Real Estate Market was ranked 266th out of
381 metropolitan areas for Real Estate Appreciation. Edison was in the 30th
percentile. So Edison, NJ performed better in the Last Quarter than 30% of the
381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Edison, New Jersey
The data and analysis on this page pertains to Edison-New Brunswick, NJ,
hereinafter referred to as "Edison". The all time high in the Edison Home Price
Index was 264.5 in the 4th Quarter, of 2006. The 4th Quarter, 2011 index value
was 216.4. That's a decline of 48.10 points or 18.19% below the Edison Home
Price Index all time high. The Home Price Index indicates that the Edison
Market is up 45% over the last 10 years. Home Prices in the Edison Real Estate
Market have lost 4.16% over the last 12 months. Over the last thirty years, it is
up 358%.
The 4th Quarter index value was 0.50 points lower than the 3rd Quarter, 2011
index value of 216.90, resulting in a 0.23% decline for the 4th Quarter in the
Edison Market.
The Edison Home Price Index has declined for the last 5 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 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 highest annual home appreciation rate in the Edison Real Estate Market
was 29% in the twelve months ended with the 1st Quarter of 1987. The worst
annual home appreciation rate in the Edison Market was -7% in the twelve
months ended with the 4th Quarter of 1990.
The highest home appreciation in the Edison Real Estate Market over a three
year period was 84% in the three years ended with the 4th Quarter of 1987.
The worst home appreciation over a three year period in the Edison Market was
-15% in the three years ended with the 1st Quarter of 2010.
This page provides a long term graph of the Edison Home Price Index (above).
The house price chart has been updated through the 4th Quarter of 2011. For
more information about Edison Home Prices, look at the links under that chart.
One link opens a long term chart of historical appreciation rates for the Edison
Real Estate Market. Another opens a forecast for appreciation rates in the state
of New Jersey. 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 Edison Home Prices will be at your fingertips when you need
them.
Historical data on the Edison Home Price Index is available back to the 4th
Quarter, of 1976. All calculations are based on the quarterly value of the House
Price Index for the Edison 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 Edison 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: Edison, New Jersey
The appreciation of Edison 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 Edison-New Brunswick, NJ, hereinafter referred to as "Edison".
Last Quarter:
During the 4th Quarter of 2011, Edison Home Prices had a rank of 266, with
appreciation of -0.23%. 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, Edison Home Prices had a rank of 269, with
appreciation during the year of -4.16%. 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, Edison Home Prices
ranked 284, with a total appreciation of -18.2%. 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, Edison Home Prices had
a rank of 49, with appreciation during the decade of 45%. 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, Edison Home Prices had
a rank of 57, with total appreciation over the 20 year period of 117%. 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 Edison Real Estate
Market is available back to the 4th Quarter, of 1976. All calculations are based
on the quarterly value of the House Price Index for Edison. 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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