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Mobile, AL - House Price Index (HPI) - 23 Year Chart
Mobile Real Estate Market
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The House Price Index (HPI) shows changes in Mobile, AL 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.
Mobile Real Estate Index: 23 Year Chart
Home Values Appreciation Rate - US Cities
10
Mobile Real Estate Market: Trend, Analysis & Statistics
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Commentary  10286
4th Quarter, 2011 Housing Statistics: Mobile, Alabama


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      83%

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 Mobile housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Mobile is 83%. In other words, when tested against historical
data, the forecasting methodology was correct 83% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Mobile is 83% 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 Mobile Real
Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      79%

The forecast for the trend in the Mobile housing market for the 3 years ending
with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend Forecast for
Mobile is 79%. In other words, when tested against historical data, the
forecasting methodology was correct 79% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Mobile is 79% 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 Mobile Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Mobile, Alabama


Historical Home Price Appreciation
Last Quarter                         0.17%
Last Year                              -4.8%
Last 5 Years                         -8%
Last 10 Years                       26%
Last 20 Years                       93%
Decline From All Time High   13.59%


Annual Home Price Appreciation Rates
1982        n/a
1983        n/a
1984        n/a
1985      12.77%
1986      5.17%
1987      -3.99%
1988      0.25%
1989      1.87%
1990      0.67%
1991      4.76%
1992      4.47%
1993      5.17%
1994      2.33%
1995      4.07%
1996      5.11%
1997      4.77%
1998      6.18%
1999      2.44%
2000      3.36%
2001      5.97%
2002      2.48%
2003      2.53%
2004      4.46%
2005      8.20%
2006      14.71%
2007      5.02%
2008      -0.60%
2009      -2.62%
2010      -4.81%
2011      -4.79%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.17%         Rank: 207 of 381 (45th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -4.8%          Rank: 292 of 381 (23rd Percentile)
Last 5 Years                              -8%             Rank: 203 of 381 (46th Percentile)
Last 10 Years  . . . . . . . . . . . .   26%            Rank: 181 of 381 (52nd Percentile)
Last 20 Years                            93%            Rank: 136 of 355 (61st Percentile)
Decline From All Time High        13.59%

Home Price appreciation rates for Mobile, AL are shown above for five time
periods. For example: Mobile appreciated 0.17% in the Last Quarter. At that
rate, the Mobile Real Estate Market was ranked 207th out of 381 metropolitan
areas for Real Estate Appreciation. Mobile was in the 45th percentile. So
Mobile, AL performed better in the Last Quarter than 45% of the 381
metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Mobile, Alabama

The all time high in the Mobile Home Price Index was 193.5 in the 1st Quarter,
of 2009. The 4th Quarter, 2011 index value was 167.2. That's a decline of
26.30 points or 13.59% below the Mobile Home Price Index all time high.  The
Home Price Index indicates that the Mobile Market is up 26% over the last 10
years. Home Prices in the Mobile Real Estate Market have lost 4.79% over the
last 12 months.

The 4th Quarter index value was 0.29 points higher than the 3rd Quarter, 2011
index value of 166.94, resulting in a 0.17% rise in the 4th Quarter for the Mobile
Market.

The Mobile Home Price Index increased in the last quarter after falling in the
previous 4 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 Mobile Real Estate Market
was 16% in the twelve months ended with the 3rd Quarter of 2006. The worst
annual home appreciation rate in the Mobile Market was -15% in the twelve
months ended with the 1st Quarter of 1985.

The highest home appreciation in the Mobile Real Estate Market over a three
year period was 33% in the three years ended with the 1st Quarter of 2008.
The worst home appreciation over a three year period in the Mobile Market was
-13% in the three years ended with the 2nd Quarter of 2011.

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

Historical data on the Mobile Home Price Index is available back to the 1st
Quarter, of 1985. All calculations are based on the quarterly value of the House
Price Index for the Mobile 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 Mobile 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: Mobile, Alabama

The appreciation of Mobile 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, Mobile Home Prices had a rank of 207, with
appreciation of 0.17%. 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, Mobile Home Prices had a rank of 292, with
appreciation during the year of -4.79%. 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, Mobile Home Prices
ranked 203, with a total appreciation of -7.9%. 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, Mobile Home Prices had
a rank of 181, with appreciation during the decade of 26%. 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, Mobile Home Prices had
a rank of 136, with total appreciation over the 20 year period of 93%. 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 Mobile Real Estate
Market is available back to the 1st Quarter, of 1985. All calculations are based
on the quarterly value of the House Price Index for Mobile. 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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