| Gary, IN - House Price Index (HPI) - 30 Year Chart |
| Gary Real Estate Market & Home Price Forecast |
| 100 |
| 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, December 28, 2012. See Real
estate forecasts, analysis, statistics and appreciation rates below.
scale. The March, 1995 index value equals 100. Updated Friday, December 28, 2012. See Real
estate forecasts, analysis, statistics and appreciation rates below.
| Gary Real Estate Index: 30 Year Chart Home Values Appreciation Rate - US Cities |
| 10 |
Gary 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 13239
4th Quarter, 2012 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 2013 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 2013 than they were in the 4th Quarter
of 2012. Check this page each quarter for updates to the Gary Real Estate
Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 82%
The forecast for the trend in the Gary housing market for the 3 years ending
with the 4th Quarter of 2015 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 values will be lower in
the 4th Quarter of 2015 than they were in the 4th Quarter of 2012. Check this
page each quarter for updates to the Gary Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Gary, Indiana
Historical Home Price Appreciation
Last Quarter -0.09%
Last Year . . . . . . . . . . . . . . . . . . . . -0.2%
Last 5 Years -8%
Last 10 Years . . . . . . . . . . . . . . . . . 12%
Last 20 Years 60%
Decline From All Time High 8.90%
Annual Home Price Appreciation Rates
1983 1.05%
1984 -3.47%
1985 0.51%
1986 3.53%
1987 2.77%
1988 10.04%
1989 10.06%
1990 6.66%
1991 7.22%
1992 4.87%
1993 5.58%
1994 3.62%
1995 5.69%
1996 2.17%
1997 3.90%
1998 3.31%
1999 0.73%
2000 3.64%
2001 4.98%
2002 2.97%
2003 3.54%
2004 4.48%
2005 5.91%
2006 4.00%
2007 2.13%
2008 -2.75%
2009 -3.36%
2010 0.62%
2011 -2.79%
2012 -0.16%
Real Estate Appreciation, Rank & Percentile
Last Quarter -0.09% Rank: 283 of 381 (25th Percentile)
Last Year . . . . . . . . . . . . . . . . -0.2% Rank: 216 of 381 (43rd Percentile)
Last 5 Years -8% Rank: 177 of 381 (53rd Percentile)
Last 10 Years . . . . . . . . . . . . 12% Rank: 250 of 381 (34th Percentile)
Last 20 Years 60% Rank: 277 of 368 (24th Percentile)
Decline From All Time High 8.90%
Home Price appreciation rates for Gary, IN are shown above for five time
periods. For example: Gary appreciated -0.09% in the Last Quarter. At that
rate, the Gary Real Estate Market was ranked 283rd out of 381 metropolitan
areas for Real Estate Appreciation. Gary was in the 25th percentile. So Gary, IN
performed better in the Last Quarter than 25% of the 381 metropolitan areas
covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Gary, Indiana
The all time high in the Gary Home Price Index was 159.8 in the 1st Quarter, of
2008. The 4th Quarter, 2012 index value was 145.6. That's a decline of 14.22
points or 8.90% below the Gary Home Price Index all time high. The Home
Price Index indicates that the Gary Market is up 12% over the last 10 years.
Home Prices in the Gary Real Estate Market have lost 0.16% over the last 12
months. Over the last thirty years, it is up 142%.
The 4th Quarter index value was 0.13 points lower than the 3rd Quarter, 2012
index value of 145.71, resulting in a 0.09% decline for the 4th Quarter in the
Gary Market.
The Gary 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 Tallahassee, FL, with declines in the last 5 consecutive
quarters. The current record holder for consecutive increases in the Home
Price Index is Bismarck, ND, with increases in the last 11 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
-10% 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).
For information about Indiana home values, look at the links under that chart.
One link opens a forecast for home appreciation rates in the state of Indiana.
Another link opens the home price index chart for 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, 2012 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 2012, Gary Home Prices had a rank of 283, with
appreciation of -0.09%. The top performing real estate market during the 4th
Quarter was Bismarck, ND, with appreciation of 4.55%. The worst market during
that period was Hattiesburg, MS, with appreciation of -4.02%.
The median appreciation for all cities during the 4th Quarter was 0.47%. The
average appreciation for all markets during the quarter was 0.54%.
Last Year:
During the last 12 months, Gary Home Prices had a rank of 216, with
appreciation during the year of -0.16%. The top performing market during the
last year was Bismarck, ND, with appreciation of 13.4%. The worst real estate
market during that period was Gainesville, FL, with appreciation of -6.8%.
The median appreciation for all markets during this period was 0.27%. The
average appreciation was 0.31%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2012, Gary Home Prices ranked
177, with a total appreciation of -8.2%. The top performing real estate market
during the 5 year period was Bismarck, ND, with appreciation of 24%. The worst
market during that period was Las Vegas, NV, with appreciation of -54%.
The median appreciation for all cities during this time period was -9%. The
average appreciation over the 5 years was -12%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2012, Gary Home Prices had a
rank of 250, with appreciation during the decade of 12%. The top performing
market during the period was Midland, TX, with appreciation of 104%. The worst
real estate market during the 10 year time period was Detroit, MI, with
appreciation of -31%.
The median appreciation for all markets during the last 10 years was 18%. The
average appreciation for the cities over that time frame was 18%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2012, Gary Home Prices had a
rank of 277, with total appreciation over the 20 year period of 60%. The top
performing real estate market during the period was Casper, WY, with
appreciation of 210%. The worst market during the last 20 years was Las
Vegas, NV, with appreciation of 7%.
The median appreciation for all cities during the last 20 years was 78%. The
average appreciation for the markets over that time frame was 80%.
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.)
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
SignalTrend Inc. 2008 - 2012, All Rights Reserved
4th Quarter, 2012 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 2013 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 2013 than they were in the 4th Quarter
of 2012. Check this page each quarter for updates to the Gary Real Estate
Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 82%
The forecast for the trend in the Gary housing market for the 3 years ending
with the 4th Quarter of 2015 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 values will be lower in
the 4th Quarter of 2015 than they were in the 4th Quarter of 2012. Check this
page each quarter for updates to the Gary Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Gary, Indiana
Historical Home Price Appreciation
Last Quarter -0.09%
Last Year . . . . . . . . . . . . . . . . . . . . -0.2%
Last 5 Years -8%
Last 10 Years . . . . . . . . . . . . . . . . . 12%
Last 20 Years 60%
Decline From All Time High 8.90%
Annual Home Price Appreciation Rates
1983 1.05%
1984 -3.47%
1985 0.51%
1986 3.53%
1987 2.77%
1988 10.04%
1989 10.06%
1990 6.66%
1991 7.22%
1992 4.87%
1993 5.58%
1994 3.62%
1995 5.69%
1996 2.17%
1997 3.90%
1998 3.31%
1999 0.73%
2000 3.64%
2001 4.98%
2002 2.97%
2003 3.54%
2004 4.48%
2005 5.91%
2006 4.00%
2007 2.13%
2008 -2.75%
2009 -3.36%
2010 0.62%
2011 -2.79%
2012 -0.16%
Real Estate Appreciation, Rank & Percentile
Last Quarter -0.09% Rank: 283 of 381 (25th Percentile)
Last Year . . . . . . . . . . . . . . . . -0.2% Rank: 216 of 381 (43rd Percentile)
Last 5 Years -8% Rank: 177 of 381 (53rd Percentile)
Last 10 Years . . . . . . . . . . . . 12% Rank: 250 of 381 (34th Percentile)
Last 20 Years 60% Rank: 277 of 368 (24th Percentile)
Decline From All Time High 8.90%
Home Price appreciation rates for Gary, IN are shown above for five time
periods. For example: Gary appreciated -0.09% in the Last Quarter. At that
rate, the Gary Real Estate Market was ranked 283rd out of 381 metropolitan
areas for Real Estate Appreciation. Gary was in the 25th percentile. So Gary, IN
performed better in the Last Quarter than 25% of the 381 metropolitan areas
covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Gary, Indiana
The all time high in the Gary Home Price Index was 159.8 in the 1st Quarter, of
2008. The 4th Quarter, 2012 index value was 145.6. That's a decline of 14.22
points or 8.90% below the Gary Home Price Index all time high. The Home
Price Index indicates that the Gary Market is up 12% over the last 10 years.
Home Prices in the Gary Real Estate Market have lost 0.16% over the last 12
months. Over the last thirty years, it is up 142%.
The 4th Quarter index value was 0.13 points lower than the 3rd Quarter, 2012
index value of 145.71, resulting in a 0.09% decline for the 4th Quarter in the
Gary Market.
The Gary 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 Tallahassee, FL, with declines in the last 5 consecutive
quarters. The current record holder for consecutive increases in the Home
Price Index is Bismarck, ND, with increases in the last 11 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
-10% 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).
For information about Indiana home values, look at the links under that chart.
One link opens a forecast for home appreciation rates in the state of Indiana.
Another link opens the home price index chart for 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, 2012 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 2012, Gary Home Prices had a rank of 283, with
appreciation of -0.09%. The top performing real estate market during the 4th
Quarter was Bismarck, ND, with appreciation of 4.55%. The worst market during
that period was Hattiesburg, MS, with appreciation of -4.02%.
The median appreciation for all cities during the 4th Quarter was 0.47%. The
average appreciation for all markets during the quarter was 0.54%.
Last Year:
During the last 12 months, Gary Home Prices had a rank of 216, with
appreciation during the year of -0.16%. The top performing market during the
last year was Bismarck, ND, with appreciation of 13.4%. The worst real estate
market during that period was Gainesville, FL, with appreciation of -6.8%.
The median appreciation for all markets during this period was 0.27%. The
average appreciation was 0.31%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2012, Gary Home Prices ranked
177, with a total appreciation of -8.2%. The top performing real estate market
during the 5 year period was Bismarck, ND, with appreciation of 24%. The worst
market during that period was Las Vegas, NV, with appreciation of -54%.
The median appreciation for all cities during this time period was -9%. The
average appreciation over the 5 years was -12%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2012, Gary Home Prices had a
rank of 250, with appreciation during the decade of 12%. The top performing
market during the period was Midland, TX, with appreciation of 104%. The worst
real estate market during the 10 year time period was Detroit, MI, with
appreciation of -31%.
The median appreciation for all markets during the last 10 years was 18%. The
average appreciation for the cities over that time frame was 18%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2012, Gary Home Prices had a
rank of 277, with total appreciation over the 20 year period of 60%. The top
performing real estate market during the period was Casper, WY, with
appreciation of 210%. The worst market during the last 20 years was Las
Vegas, NV, with appreciation of 7%.
The median appreciation for all cities during the last 20 years was 78%. The
average appreciation for the markets over that time frame was 80%.
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.)
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
SignalTrend Inc. 2008 - 2012, All Rights Reserved
| Forecasts, charts and analysis... |
|