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Gary, IN - House Price Index (HPI) - 30 Year Chart
Gary Real Estate Market
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1000
The House Price Index (HPI) shows changes in Gary, IN single family home prices in logarithmic
scale. The March, 1995 index value equals 100.  Updated Friday, April 20, 2012. Real estate
forecasts, analysis, statistics and appreciation rates are provided below.
Gary Real Estate Index: 30 Year Chart
Home Values Appreciation Rate - US Cities
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Gary Real Estate Market: Trend, Analysis & Statistics
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Commentary  10191
4th Quarter, 2011 Housing Statistics: Gary, Indiana


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 Gary housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Gary 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
Gary 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 Gary Real Estate
Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      80%

The forecast for the trend in the Gary housing market for the 3 years ending
with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend Forecast for
Gary 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 Gary 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 Gary Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Gary, Indiana


Historical Home Price Appreciation
Last Quarter                                     0.57%
Last Year . . . . . . . . . . . . . . . . . . . .  -2.7%
Last 5 Years                                     -5%
Last 10 Years . . . . . . . . . . . . . . . . . 16%
Last 20 Years                                   69%
Decline From All Time High               8.16%


Annual Home Price Appreciation Rates
1982      -5.78%
1983      0.93%
1984      -3.41%
1985      0.39%
1986      3.56%
1987      2.93%
1988      9.90%
1989      10.09%
1990      6.59%
1991      7.28%
1992      4.88%
1993      5.59%
1994      3.63%
1995      5.61%
1996      2.01%
1997      4.03%
1998      3.39%
1999      0.59%
2000      3.57%
2001      5.20%
2002      2.97%
2003      3.47%
2004      4.47%
2005      5.90%
2006      4.08%
2007      2.21%
2008      -2.38%
2009      -2.92%
2010      0.50%
2011      -2.69%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.57%         Rank: 143 of 381 (62nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  -2.7%          Rank: 199 of 381 (47th Percentile)
Last 5 Years                              -5%             Rank: 176 of 381 (53rd Percentile)
Last 10 Years  . . . . . . . . . . . .   16%            Rank: 276 of 381 (27th Percentile)
Last 20 Years                            69%            Rank: 259 of 355 (27th Percentile)
Decline From All Time High        8.16%

Home Price appreciation rates for Gary, IN are shown above for five time
periods. For example: Gary appreciated 0.57% in the Last Quarter. At that rate,
the Gary Real Estate Market was ranked 143rd out of 381 metropolitan areas
for Real Estate Appreciation. Gary was in the 62nd percentile. So Gary, IN
performed better in the Last Quarter than 62% of the 381 metropolitan areas
covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Gary, Indiana

The all time high in the Gary Home Price Index was 160.6 in the 1st Quarter, of
2008. The 4th Quarter, 2011 index value was 147.5. That's a decline of 13.10
points or 8.16% below the Gary Home Price Index all time high.  The Home
Price Index indicates that the Gary Market is up 16% over the last 10 years.
Home Prices in the Gary Real Estate Market have lost 2.69% over the last 12
months. Over the last thirty years, it is up 130%.

The 4th Quarter index value was 0.83 points higher than the 3rd Quarter, 2011
index value of 146.67, resulting in a 0.57% rise in the 4th Quarter for the Gary
Market.

The Gary 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 Gary Real Estate Market was
13% in the twelve months ended with the 4th Quarter of 1979. The worst annual
home appreciation rate in the Gary Market was -6% in the twelve months ended
with the 4th Quarter of 1982.

The highest home appreciation in the Gary Real Estate Market over a three
year period was 29% in the three years ended with the 4th Quarter of 1990.
The worst home appreciation over a three year period in the Gary Market was
-9% in the three years ended with the 2nd Quarter of 2011.

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

Historical data on the Gary Home Price Index is available back to the 4th
Quarter, of 1978. All calculations are based on the quarterly value of the House
Price Index for the Gary 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 Gary 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: Gary, Indiana

The appreciation of Gary 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, Gary Home Prices had a rank of 143, with
appreciation of 0.57%. 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, Gary Home Prices had a rank of 199, with
appreciation during the year of -2.69%. 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, Gary Home Prices ranked
176, 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, Gary Home Prices had a
rank of 276, with appreciation during the decade of 16%. 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, Gary Home Prices had a
rank of 259, with total appreciation over the 20 year period of 69%. 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 Gary Real Estate
Market is available back to the 4th Quarter, of 1978. All calculations are based
on the quarterly value of the House Price Index for Gary. 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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