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Farmington, NM - House Price Index (HPI) - 23 Year Chart
Farmington Real Estate Market
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The House Price Index (HPI) shows changes in Farmington, NM 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.
Farmington Real Estate Index: 23 Year Chart
Home Values Appreciation Rate - US Cities
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Farmington Real Estate Market: Trend, Analysis & Statistics
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Commentary  10173
4th Quarter, 2011 Housing Statistics: Farmington, New Mexico


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      87%

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 Farmington housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Farmington is 87%. In other words, when tested against
historical data, the forecasting methodology was correct 87% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Farmington is 87% 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
Farmington Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      83%

The forecast for the trend in the Farmington housing market for the 3 years
ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Farmington is 83%. In other words, when tested against historical
data, the forecasting methodology was correct 83% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Farmington is 83% 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 Farmington
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Farmington, New Mexico


Historical Home Price Appreciation
Last Quarter                                     1.13%
Last Year . . . . . . . . . . . . . . . . . . . .  -3.4%
Last 5 Years                                     -7%
Last 10 Years . . . . . . . . . . . . . . . . . 51%
Last 20 Years                                   149%
Decline From All Time High               10.61%


Annual Home Price Appreciation Rates
1982        n/a
1983        n/a
1984        n/a
1985        n/a
1986      5.29%
1987      -6.33%
1988      -3.01%
1989      1.74%
1990      -1.79%
1991      9.08%
1992      7.44%
1993      6.53%
1994      8.09%
1995      7.32%
1996      4.28%
1997      2.81%
1998      4.25%
1999      4.40%
2000      1.55%
2001      5.16%
2002      6.03%
2003      9.01%
2004      10.88%
2005      14.65%
2006      9.83%
2007      2.16%
2008      -0.86%
2009      -1.08%
2010      -3.44%
2011      -3.40%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.13%         Rank: 79 of 381 (79th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -3.4%          Rank: 241 of 381 (36th Percentile)
Last 5 Years                              -7%             Rank: 191 of 381 (50th Percentile)
Last 10 Years  . . . . . . . . . . . .   51%            Rank: 31 of 381 (92nd Percentile)
Last 20 Years                            149%          Rank: 13 of 355 (96th Percentile)
Decline From All Time High        10.61%

Home Price appreciation rates for Farmington, NM are shown above for five
time periods. For example: Farmington appreciated 1.13% in the Last Quarter.
At that rate, the Farmington Real Estate Market was ranked 79th out of 381
metropolitan areas for Real Estate Appreciation. Farmington was in the 79th
percentile. So Farmington, NM performed better in the Last Quarter than 79%
of the 381 metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Farmington, New Mexico

The all time high in the Farmington Home Price Index was 226.7 in the 1st
Quarter, of 2008. The 4th Quarter, 2011 index value was 202.6. That's a
decline of 24.05 points or 10.61% below the Farmington Home Price Index all
time high.  The Home Price Index indicates that the Farmington Market is up
51% over the last 10 years. Home Prices in the Farmington Real Estate Market
have lost 3.40% over the last 12 months.

The 4th Quarter index value was 2.26 points higher than the 3rd Quarter, 2011
index value of 200.34, resulting in a 1.13% rise in the 4th Quarter for the
Farmington Market.

The Farmington Home Price Index has increased for the last 2 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 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 Farmington Real Estate
Market was 16% in the twelve months ended with the 2nd Quarter of 2005. The
worst annual home appreciation rate in the Farmington Market was -13% in the
twelve months ended with the 1st Quarter of 1988.

The highest home appreciation in the Farmington Real Estate Market over a
three year period was 41% in the three years ended with the 2nd Quarter of
2006. The worst home appreciation over a three year period in the Farmington
Market was -12% in the three years ended with the 2nd Quarter of 1989.

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

Historical data on the Farmington Home Price Index is available back to the 2nd
Quarter, of 1985. All calculations are based on the quarterly value of the House
Price Index for the Farmington 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 Farmington 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: Farmington, New Mexico

The appreciation of Farmington 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, Farmington Home Prices had a rank of 79, with
appreciation of 1.13%. 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, Farmington Home Prices had a rank of 241, with
appreciation during the year of -3.40%. 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, Farmington Home Prices
ranked 191, with a total appreciation of -6.5%. 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, Farmington Home Prices
had a rank of 31, with appreciation during the decade of 51%. 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, Farmington Home Prices
had a rank of 13, with total appreciation over the 20 year period of 149%. 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 Farmington Real
Estate Market is available back to the 2nd Quarter, of 1985. All calculations are
based on the quarterly value of the House Price Index for Farmington. 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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