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Midland, TX - House Price Index (HPI) - 27 Year Chart
Midland Real Estate Market
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The House Price Index (HPI) shows changes in Midland, TX single family home prices in logarithmic
scale. The March, 1995 index value equals 100.  Updated Wednesday, April 25, 2012. Real estate
forecasts, analysis, statistics and appreciation rates are provided below.
Midland Real Estate Index: 27 Year Chart
Home Values Appreciation Rate - US Cities
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Midland Real Estate Market: Trend, Analysis & Statistics
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Commentary  10282
4th Quarter, 2011 Housing Statistics: Midland, Texas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      68%

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 Midland housing market for the 12
months ending with the 4th Quarter of 2012 is UP. The Accuracy of the Trend
Forecast for Midland is 68%. In other words, when tested against historical
data, the forecasting methodology was correct 68% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Midland is 68% 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 Midland Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      82%

The forecast for the trend in the Midland housing market for the 3 years ending
with the 4th Quarter of 2014 is UP. The Accuracy of the Trend Forecast for
Midland 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 rising house prices in
Midland is 82% 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 Midland Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Midland, Texas


Historical Home Price Appreciation
Last Quarter                         1.11%
Last Year                              4.7%
Last 5 Years                         23%
Last 10 Years                       92%
Last 20 Years                       145%



Annual Home Price Appreciation Rates
1982      10.80%
1983      -12.07%
1984      -4.17%
1985      -5.42%
1986      -5.55%
1987      -7.63%
1988      -0.66%
1989      -5.15%
1990      0.64%
1991      0.47%
1992      2.19%
1993      4.49%
1994      0.84%
1995      4.64%
1996      -0.47%
1997      5.72%
1998      2.34%
1999      -2.09%
2000      0.22%
2001      7.03%
2002      2.11%
2003      4.92%
2004      5.42%
2005      12.70%
2006      23.01%
2007      10.08%
2008      7.33%
2009      -2.50%
2010      1.66%
2011      4.71%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.11%         Rank: 83 of 381 (78th Percentile)
Last Year  . . . . . . . . . . . . . . . .  4.7%           Rank: 1 of 381 (100th Percentile)
Last 5 Years                              23%            Rank: 1 of 381 (100th Percentile)
Last 10 Years  . . . . . . . . . . . .   92%            Rank: 1 of 381 (100th Percentile)
Last 20 Years                            145%          Rank: 18 of 355 (95th Percentile)


Home Price appreciation rates for Midland, TX are shown above for five time
periods. For example: Midland appreciated 1.11% in the Last Quarter. At that
rate, the Midland Real Estate Market was ranked 83rd out of 381 metropolitan
areas for Real Estate Appreciation. Midland was in the 78th percentile. So
Midland, TX performed better in the Last Quarter than 78% of the 381
metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Midland, Texas

The all time high in the Midland Home Price Index was 232.3 in the 4th Quarter,
of 2011.  The Home Price Index indicates that the Midland Market is up 92%
over the last 10 years. Home prices in the Midland Real Estate Market have
gained 4.71% over the last 12 months. Over the last thirty years, it is up 80%.

The 4th Quarter index value was 2.54 points higher than the 3rd Quarter, 2011
index value of 229.73, resulting in a 1.11% rise in the 4th Quarter for the
Midland Market.

The Midland 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 Midland Real Estate Market
was 23% in the twelve months ended with the 4th Quarter of 2006. The worst
annual home appreciation rate in the Midland Market was -15% in the twelve
months ended with the 3rd Quarter of 1987.

The highest home appreciation in the Midland Real Estate Market over a three
year period was 60% in the three years ended with the 3rd Quarter of 2007.
The worst home appreciation over a three year period in the Midland Market
was -21% in the three years ended with the 3rd Quarter of 1987.

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

Historical data on the Midland Home Price Index is available back to the 3rd
Quarter, of 1981. All calculations are based on the quarterly value of the House
Price Index for the Midland 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 Midland 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: Midland, Texas

The appreciation of Midland 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, Midland Home Prices had a rank of 83, with
appreciation of 1.11%. 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, Midland Home Prices outperformed every state, with
appreciation during the year of 4.71%. The worst performer 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, Midland Home Prices
outperformed every state, with appreciation of 22.6%. The worst performer
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, Midland Home Prices
outperformed every state, with appreciation during the decade of 92%. The
worst performer 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, Midland Home Prices
had a rank of 18, with total appreciation over the 20 year period of 145%. 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 Midland Real Estate
Market is available back to the 3rd Quarter, of 1981. All calculations are based
on the quarterly value of the House Price Index for Midland. 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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