__________________________________________
Hagerstown, MD - House Price Index (HPI) - 18 Year Chart
Hagerstown Real Estate Market
100
1000
The House Price Index (HPI) shows changes in Hagerstown-Martinsburg, MD-WV single family home
prices in logarithmic scale. The March, 1995 index value equals 100.  Updated Thursday, March 29,
2012. Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Hagerstown Real Estate Index: 18 Year Chart
Home Values Appreciation Rate - US Cities
10
Hagerstown Real Estate Market: Trend, Analysis & Statistics
Home        About Us
1/75      1/1980        1/1985        1/1990        1/1995         1/2000        1/2005        1/2010         1/15
Commentary  10204
4th Quarter, 2011 Housing Statistics: Hagerstown, Maryland


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      81%

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 Hagerstown housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Hagerstown is 81%. In other words, when tested against
historical data, the forecasting methodology was correct 81% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Hagerstown is 81% 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
Hagerstown Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      82%

The forecast for the trend in the Hagerstown housing market for the 3 years
ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Hagerstown 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
Hagerstown is 82% 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
Hagerstown Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Hagerstown, Maryland


Historical Home Price Appreciation
Last Quarter                                     -0.12%
Last Year . . . . . . . . . . . . . . . . . . . .  -6.7%
Last 5 Years                                     -31%
Last 10 Years . . . . . . . . . . . . . . . . . 30%
Last 20 Years                                   67%
Decline From All Time High               32.03%


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      12.56%
1990      5.56%
1991      5.20%
1992      1.44%
1993      2.20%
1994      -0.36%
1995      3.82%
1996      0.62%
1997      2.93%
1998      3.67%
1999      2.00%
2000      3.97%
2001      5.64%
2002      9.40%
2003      11.42%
2004      19.46%
2005      22.60%
2006      5.73%
2007      -3.72%
2008      -10.49%
2009      -12.14%
2010      -2.75%
2011      -6.72%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.12%        Rank: 247 of 381 (35th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -6.7%          Rank: 337 of 381 (11th Percentile)
Last 5 Years                              -31%           Rank: 322 of 381 (15th Percentile)
Last 10 Years  . . . . . . . . . . . .   30%            Rank: 153 of 381 (60th Percentile)
Last 20 Years                            67%            Rank: 264 of 355 (25th Percentile)
Decline From All Time High        32.03%

Home Price appreciation rates for Hagerstown-Martinsburg, MD-WV are shown
above for five time periods. For example: Hagerstown appreciated -0.12% in the
Last Quarter. At that rate, the Hagerstown Real Estate Market was ranked
247th out of 381 metropolitan areas for Real Estate Appreciation. Hagerstown
was in the 35th percentile. So Hagerstown, MD performed better in the Last
Quarter than 35% of the 381 metropolitan areas covered in
Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Hagerstown, Maryland

The data and analysis on this page pertains to Hagerstown-Martinsburg,
MD-WV, hereinafter referred to as "Hagerstown". The all time high in the
Hagerstown Home Price Index was 240.9 in the 1st Quarter, of 2007. The 4th
Quarter, 2011 index value was 163.8. That's a decline of 77.17 points or
32.03% below the Hagerstown Home Price Index all time high.  The Home Price
Index indicates that the Hagerstown Market is up 30% over the last 10 years.
Home Prices in the Hagerstown Real Estate Market have lost 6.72% over the
last 12 months.

The 4th Quarter index value was 0.20 points lower than the 3rd Quarter, 2011
index value of 163.97, resulting in a 0.12% decline for the 4th Quarter in the
Hagerstown Market.

The Hagerstown 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 Las Vegas, NV, with declines in the last 20 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 highest annual home appreciation rate in the Hagerstown Real Estate
Market was 24% in the twelve months ended with the 2nd Quarter of 2005. The
worst annual home appreciation rate in the Hagerstown Market was -12% in the
twelve months ended with the 2nd Quarter of 2009.

The highest home appreciation in the Hagerstown Real Estate Market over a
three year period was 67% in the three years ended with the 1st Quarter of
2006. The worst home appreciation over a three year period in the Hagerstown
Market was -31% in the three years ended with the 2nd Quarter of 2011.

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

Historical data on the Hagerstown 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 Hagerstown 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 Hagerstown 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: Hagerstown, Maryland

The appreciation of Hagerstown 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. The data and analysis on this page pertains
to Hagerstown-Martinsburg, MD-WV, hereinafter referred to as "Hagerstown".

Last Quarter:
During the 4th Quarter of 2011, Hagerstown Home Prices had a rank of 247,
with appreciation of -0.12%. 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, Hagerstown Home Prices had a rank of 337, with
appreciation during the year of -6.72%. 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, Hagerstown Home Prices
ranked 322, with a total appreciation of -31.3%. 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, Hagerstown Home Prices
had a rank of 153, with appreciation during the decade of 30%. 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, Hagerstown Home Prices
had a rank of 264, with total appreciation over the 20 year period of 67%. 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 Hagerstown 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 Hagerstown. 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