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Fargo, ND - House Price Index (HPI) - 22 Year Chart
Fargo Real Estate Market
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The House Price Index (HPI) shows changes in Fargo, ND-MN 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.
Fargo Real Estate Index: 22 Year Chart
Home Values Appreciation Rate - US Cities
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Fargo Real Estate Market: Trend, Analysis & Statistics
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Commentary  10172
4th Quarter, 2011 Housing Statistics: Fargo, North Dakota


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      77%

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 Fargo housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Fargo is 77%. In other words, when tested against historical
data, the forecasting methodology was correct 77% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Fargo is 77% 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 Fargo Real
Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      88%

The forecast for the trend in the Fargo housing market for the 3 years ending
with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend Forecast for
Fargo is 88%. In other words, when tested against historical data, the
forecasting methodology was correct 88% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Fargo is 88% 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 Fargo Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Fargo, North Dakota


Historical Home Price Appreciation
Last Quarter                                     -0.65%
Last Year . . . . . . . . . . . . . . . . . . . .  -0.1%
Last 5 Years                                     5%
Last 10 Years . . . . . . . . . . . . . . . . . 41%
Last 20 Years                                   105%
Decline From All Time High               0.65%


Annual Home Price Appreciation Rates
1982        n/a
1983        n/a
1984        n/a
1985        n/a
1986        n/a
1987      0.66%
1988      -1.86%
1989      3.00%
1990      -0.88%
1991      3.37%
1992      4.44%
1993      3.50%
1994      2.97%
1995      3.85%
1996      2.64%
1997      4.79%
1998      5.13%
1999      0.81%
2000      4.15%
2001      5.83%
2002      6.70%
2003      6.99%
2004      7.74%
2005      5.45%
2006      3.15%
2007      2.01%
2008      1.03%
2009      -0.20%
2010      2.43%
2011      -0.08%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.65%        Rank: 320 of 381 (16th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -0.1%          Rank: 54 of 381 (86th Percentile)
Last 5 Years                              5%              Rank: 45 of 381 (88th Percentile)
Last 10 Years  . . . . . . . . . . . .   41%            Rank: 65 of 381 (83rd Percentile)
Last 20 Years                            105%          Rank: 89 of 355 (75th Percentile)
Decline From All Time High        0.65%

Home Price appreciation rates for Fargo, ND-MN are shown above for five time
periods. For example: Fargo appreciated -0.65% in the Last Quarter. At that
rate, the Fargo Real Estate Market was ranked 320th out of 381 metropolitan
areas for Real Estate Appreciation. Fargo was in the 16th percentile. So Fargo,
ND performed better in the Last Quarter than 16% of the 381 metropolitan
areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Fargo, North Dakota

The all time high in the Fargo Home Price Index was 183.1 in the 3rd Quarter,
of 2011. The 4th Quarter, 2011 index value was 181.9. That's a decline of 1.19
points or 0.65% below the Fargo Home Price Index all time high.  The Home
Price Index indicates that the Fargo Market is up 41% over the last 10 years.
Home Prices in the Fargo Real Estate Market have lost 0.08% over the last 12
months.

The 4th Quarter index value was 1.19 points lower than the 3rd Quarter, 2011
index value of 183.11, resulting in a 0.65% decline for the 4th Quarter in the
Fargo Market.

The Fargo Home Price Index declined in the last quarter after increasing in the
previous quarter. 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 Fargo Real Estate Market
was 9% in the twelve months ended with the 3rd Quarter of 2004. The worst
annual home appreciation rate in the Fargo Market was -8% in the twelve
months ended with the 2nd Quarter of 1989.

The highest home appreciation in the Fargo Real Estate Market over a three
year period was 25% in the three years ended with the 2nd Quarter of 2005.
The worst home appreciation over a three year period in the Fargo Market was
-1% in the three years ended with the 1st Quarter of 1990.

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

Historical data on the Fargo Home Price Index is available back to the 4th
Quarter, of 1986. All calculations are based on the quarterly value of the House
Price Index for the Fargo 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 Fargo 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: Fargo, North Dakota

The appreciation of Fargo 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, Fargo Home Prices had a rank of 320, with
appreciation of -0.65%. 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, Fargo Home Prices had a rank of 54, with
appreciation during the year of -0.08%. 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, Fargo Home Prices
ranked 45, with a total appreciation of 5.3%. 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, Fargo Home Prices had
a rank of 65, with appreciation during the decade of 41%. 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, Fargo Home Prices had
a rank of 89, with total appreciation over the 20 year period of 105%. 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 Fargo Real Estate
Market is available back to the 4th Quarter, of 1986. The chart has been
updated through the 4th Quarter of 2011. All calculations are based on the
quarterly value of the House Price Index for Fargo. 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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