Grand Forks, ND - House Price Index (HPI) - 18 Year Chart
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The House Price Index (HPI) shows changes in Grand Forks, ND-MN 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.
Grand Forks Real Estate Index: 18 Year Chart
Home Values Appreciation Rate - US Cities
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Grand Forks Real Estate Market: Trend, Analysis & Statistics
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Grand Forks Real Estate Market
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Commentary  10194
4th Quarter, 2011 Housing Statistics: Grand Forks, North Dakota


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      74%

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 Grand Forks housing market for the 12
months ending with the 4th Quarter of 2012 is UP. The Accuracy of the Trend
Forecast for Grand Forks is 74%. In other words, when tested against historical
data, the forecasting methodology was correct 74% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Grand Forks is 74% during this period. If this Housing Market Forecast is
correct, home prices will be higher in the 4th Quarter of 2012 than they were in
the 4th Quarter of 2011. Check this page each quarter for updates to the
Grand Forks Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      88%

The forecast for the trend in the Grand Forks housing market for the 3 years
ending with the 4th Quarter of 2014 is UP. The Accuracy of the Trend Forecast
for Grand Forks 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 rising house prices in
Grand Forks is 88% during this period. If this Housing Market Forecast is
correct, home prices will be higher in the 4th Quarter of 2014 than they were in
the 4th Quarter of 2011. Check this page each quarter for updates to the
Grand Forks Real Estate Market Forecast.




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


Historical Home Price Appreciation
Last Quarter                                     1.62%
Last Year . . . . . . . . . . . . . . . . . . . .  4.1%
Last 5 Years                                     10%
Last 10 Years . . . . . . . . . . . . . . . . . 51%
Last 20 Years                                   123%



Annual Home Price Appreciation Rates
1982        n/a
1983        n/a
1984        n/a
1985        n/a
1986        n/a
1987        n/a
1988        n/a
1989        n/a
1990      1.08%
1991      2.69%
1992      5.16%
1993      7.51%
1994      9.75%
1995      1.79%
1996      1.35%
1997      7.33%
1998      0.86%
1999      -1.54%
2000      3.23%
2001      4.90%
2002      4.57%
2003      5.72%
2004      9.40%
2005      10.19%
2006      2.83%
2007      3.99%
2008      1.43%
2009      1.14%
2010      -0.84%
2011      4.08%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.62%         Rank: 55 of 381 (85th Percentile)
Last Year  . . . . . . . . . . . . . . . .  4.1%           Rank: 5 of 381 (98th Percentile)
Last 5 Years                              10%            Rank: 14 of 381 (96th Percentile)
Last 10 Years  . . . . . . . . . . . .   51%            Rank: 29 of 381 (92nd Percentile)
Last 20 Years                            123%          Rank: 45 of 355 (87th Percentile)


Home Price appreciation rates for Grand Forks, ND-MN are shown above for
five time periods. For example: Grand Forks appreciated 1.62% in the Last
Quarter. At that rate, the Grand Forks Real Estate Market was ranked 55th out
of 381 metropolitan areas for Real Estate Appreciation. Grand Forks was in the
85th percentile. So Grand Forks, ND performed better in the Last Quarter than
85% of the 381 metropolitan areas covered in Forecast-Chart.com.

























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

The all time high in the Grand Forks Home Price Index was 182.0 in the 4th
Quarter, of 2011.  The Home Price Index indicates that the Grand Forks Market
is up 51% over the last 10 years. Home prices in the Grand Forks Real Estate
Market have gained 4.08% over the last 12 months.

The 4th Quarter index value was 2.90 points higher than the 3rd Quarter, 2011
index value of 179.08, resulting in a 1.62% rise in the 4th Quarter for the Grand
Forks Market.

The Grand Forks Home Price Index has increased for the last 4 consecutive
quarters. That makes Grand Forks the current record holder for consecutive
quarterly increases in the Home Price Index (along with Wheeling, WV;
Washington, DC and St. Cloud, MN; which also had 4 consecutive quarterly
increases). 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 Grand Forks Real Estate
Market was 14% in the twelve months ended with the 2nd Quarter of 1994. The
worst annual home appreciation rate in the Grand Forks Market was -3% in the
twelve months ended with the 3rd Quarter of 1997.

The highest home appreciation in the Grand Forks Real Estate Market over a
three year period was 28% in the three years ended with the 1st Quarter of
2006. The worst home appreciation over a three year period in the Grand
Forks Market was -1% in the three years ended with the 2nd Quarter of 2010.

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

Historical data on the Grand Forks Home Price Index is available back to the 1st
Quarter, of 1990. All calculations are based on the quarterly value of the House
Price Index for the Grand Forks 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 Grand Forks 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: Grand Forks, North Dakota

The appreciation of Grand Forks 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, Grand Forks Home Prices had a rank of 55,
with appreciation of 1.62%. 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, Grand Forks Home Prices had a rank of 5, with
appreciation during the year of 4.08%. 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, Grand Forks Home Prices
ranked 14, with a total appreciation of 10.1%. 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, Grand Forks Home
Prices had a rank of 29, 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, Grand Forks Home
Prices had a rank of 45, with total appreciation over the 20 year period of
123%. 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 Grand Forks Real
Estate Market is available back to the 1st Quarter, of 1990. All calculations are
based on the quarterly value of the House Price Index for Grand Forks. 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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