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Green Bay, WI - House Price Index (HPI) - 23 Year Chart
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Green Bay Real Estate Market
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The House Price Index (HPI) shows changes in Green Bay, WI 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.
Green Bay 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 10199
4th Quarter, 2011 Housing Statistics: Green Bay, Wisconsin
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 96%
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 Green Bay housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Green Bay is 96%. In other words, when tested against
historical data, the forecasting methodology was correct 96% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Green Bay is 96% 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
Green Bay Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 88%
The forecast for the trend in the Green Bay housing market for the 3 years
ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Green Bay 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
Green Bay 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 Green Bay
Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Green Bay, Wisconsin
Historical Home Price Appreciation
Last Quarter 0.10%
Last Year . . . . . . . . . . . . . . . . . . . . -2.0%
Last 5 Years -8%
Last 10 Years . . . . . . . . . . . . . . . . . 11%
Last 20 Years 89%
Decline From All Time High 8.05%
Annual Home Price Appreciation Rates
1982 n/a
1983 n/a
1984 n/a
1985 n/a
1986 3.34%
1987 3.16%
1988 4.06%
1989 2.51%
1990 3.56%
1991 4.26%
1992 5.89%
1993 4.45%
1994 11.28%
1995 6.48%
1996 3.80%
1997 5.06%
1998 3.25%
1999 3.77%
2000 5.70%
2001 4.53%
2002 3.96%
2003 4.99%
2004 5.87%
2005 3.12%
2006 1.24%
2007 0.32%
2008 -2.29%
2009 -3.38%
2010 -0.45%
2011 -2.01%
Real Estate Appreciation, Rank & Percentile
Last Quarter 0.10% Rank: 217 of 381 (43rd Percentile)
Last Year . . . . . . . . . . . . . . . . -2.0% Rank: 165 of 381 (56th Percentile)
Last 5 Years -8% Rank: 199 of 381 (47th Percentile)
Last 10 Years . . . . . . . . . . . . 11% Rank: 302 of 381 (20th Percentile)
Last 20 Years 89% Rank: 152 of 355 (57th Percentile)
Decline From All Time High 8.05%
Home Price appreciation rates for Green Bay, WI are shown above for five time
periods. For example: Green Bay appreciated 0.10% in the Last Quarter. At
that rate, the Green Bay Real Estate Market was ranked 217th out of 381
metropolitan areas for Real Estate Appreciation. Green Bay was in the 43rd
percentile. So Green Bay, WI performed better in the Last Quarter than 43% of
the 381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Green Bay, Wisconsin
The all time high in the Green Bay Home Price Index was 167.2 in the 1st
Quarter, of 2008. The 4th Quarter, 2011 index value was 153.7. That's a
decline of 13.46 points or 8.05% below the Green Bay Home Price Index all time
high. The Home Price Index indicates that the Green Bay Market is up 11%
over the last 10 years. Home Prices in the Green Bay Real Estate Market have
lost 2.01% over the last 12 months.
The 4th Quarter index value was 0.16 points higher than the 3rd Quarter, 2011
index value of 153.54, resulting in a 0.10% rise in the 4th Quarter for the Green
Bay Market.
The Green Bay 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 3 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 Green Bay Real Estate
Market was 12% in the twelve months ended with the 3rd Quarter of 1994. The
worst annual home appreciation rate in the Green Bay Market was -5% in the
twelve months ended with the 1st Quarter of 2010.
The highest home appreciation in the Green Bay Real Estate Market over a
three year period was 24% in the three years ended with the 1st Quarter of
1996. The worst home appreciation over a three year period in the Green Bay
Market was -8% in the three years ended with the 2nd Quarter of 2011.
This page provides a long term graph of the Green Bay Home Price Index
(above). The house price chart has been updated through the 4th Quarter of
2011. For more information about Green Bay Home Prices, look at the links
under that chart. One link opens a long term chart of historical appreciation
rates for the Green Bay Real Estate Market. Another opens a forecast for
appreciation rates in the state of Wisconsin. 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 Green Bay Home
Prices will be at your fingertips when you need them.
Historical data on the Green Bay Home Price Index is available back to the 3rd
Quarter, of 1985. All calculations are based on the quarterly value of the House
Price Index for the Green Bay 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 Green Bay 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: Green Bay, Wisconsin
The appreciation of Green Bay 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, Green Bay Home Prices had a rank of 217, with
appreciation of 0.10%. 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, Green Bay Home Prices had a rank of 165, with
appreciation during the year of -2.01%. 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, Green Bay Home Prices
ranked 199, with a total appreciation of -7.6%. 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, Green Bay Home Prices
had a rank of 302, with appreciation during the decade of 11%. 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, Green Bay Home Prices
had a rank of 152, with total appreciation over the 20 year period of 89%. 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 Green Bay Real Estate
Market is available back to the 3rd Quarter, of 1985. All calculations are based
on the quarterly value of the House Price Index for Green Bay. 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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