__________________________________________
|
Nassau, NY - House Price Index (HPI) - 33 Year Chart
|
Nassau Real Estate Market
|
The House Price Index (HPI) shows changes in Austin-Round Rock, 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.
Nassau 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 10300
4th Quarter, 2011 Housing Statistics: Nassau, New York
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 Nassau housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Nassau 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 Nassau 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
Nassau Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 78%
The forecast for the trend in the Nassau housing market for the 3 years ending
with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend Forecast for
Nassau is 78%. In other words, when tested against historical data, the
forecasting methodology was correct 78% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Nassau is 78% 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 Nassau Real
Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Nassau, New York
Historical Home Price Appreciation
Last Quarter 1.04%
Last Year -3.2%
Last 5 Years -17%
Last 10 Years 47%
Last 20 Years 144%
Decline From All Time High 17.13%
Annual Home Price Appreciation Rates
1982 13.79%
1983 18.24%
1984 27.18%
1985 19.59%
1986 20.18%
1987 15.38%
1988 4.00%
1989 -2.05%
1990 -6.51%
1991 -0.51%
1992 1.90%
1993 0.56%
1994 -2.35%
1995 2.17%
1996 1.66%
1997 3.58%
1998 7.88%
1999 12.99%
2000 13.25%
2001 12.10%
2002 15.21%
2003 13.59%
2004 15.51%
2005 13.71%
2006 2.88%
2007 -2.35%
2008 -7.69%
2009 -5.08%
2010 0.08%
2011 -3.23%
Real Estate Appreciation, Rank & Percentile
Last Quarter 1.04% Rank: 89 of 381 (76th Percentile)
Last Year . . . . . . . . . . . . . . . . -3.2% Rank: 233 of 381 (38th Percentile)
Last 5 Years -17% Rank: 275 of 381 (27th Percentile)
Last 10 Years . . . . . . . . . . . . 47% Rank: 39 of 381 (90th Percentile)
Last 20 Years 144% Rank: 19 of 355 (94th Percentile)
Decline From All Time High 17.13%
Home Price appreciation rates for Nassau-Suffolk, NY are shown above for five
time periods. For example: Nassau appreciated 1.04% in the Last Quarter. At
that rate, the Nassau Real Estate Market was ranked 89th out of 381
metropolitan areas for Real Estate Appreciation. Nassau was in the 76th
percentile. So Nassau, NY performed better in the Last Quarter than 76% of the
381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Nassau, New York
The data and analysis on this page pertains to Nassau-Suffolk, NY, hereinafter
referred to as "Nassau". The all time high in the Nassau Home Price Index was
297.0 in the 4th Quarter, of 2006. The 4th Quarter, 2011 index value was
246.1. That's a decline of 50.87 points or 17.13% below the Nassau Home Price
Index all time high. The Home Price Index indicates that the Nassau Market is
up 47% over the last 10 years. Home Prices in the Nassau Real Estate Market
have lost 3.23% over the last 12 months. Over the last thirty years, it is up
556%.
The 4th Quarter index value was 2.54 points higher than the 3rd Quarter, 2011
index value of 243.56, resulting in a 1.04% rise in the 4th Quarter for the
Nassau Market.
The Nassau 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 Nassau Real Estate Market
was 27% in the twelve months ended with the 4th Quarter of 1984. The worst
annual home appreciation rate in the Nassau Market was -8% in the twelve
months ended with the 4th Quarter of 2008.
The highest home appreciation in the Nassau Real Estate Market over a three
year period was 85% in the three years ended with the 2nd Quarter of 1986.
The worst home appreciation over a three year period in the Nassau Market
was -15% in the three years ended with the 1st Quarter of 2010.
This page provides a long term graph of the Nassau Home Price Index (above).
The house price chart has been updated through the 4th Quarter of 2011. For
more information about Nassau Home Prices, look at the links under that chart.
One link opens a long term chart of historical appreciation rates for the Nassau
Real Estate Market. Another opens a forecast for appreciation rates in the state
of New York. 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 Nassau Home Prices will be at your fingertips when you need
them.
Historical data on the Nassau Home Price Index is available back to the 4th
Quarter, of 1975. All calculations are based on the quarterly value of the House
Price Index for the Nassau 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 Nassau 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: Nassau, New York
The appreciation of Nassau 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 Nassau-Suffolk, NY, hereinafter referred to as "Nassau".
Last Quarter:
During the 4th Quarter of 2011, Nassau Home Prices had a rank of 89, with
appreciation of 1.04%. 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, Nassau Home Prices had a rank of 233, with
appreciation during the year of -3.23%. 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, Nassau Home Prices
ranked 275, with a total appreciation of -17.1%. 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, Nassau Home Prices
had a rank of 39, with appreciation during the decade of 47%. 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, Nassau Home Prices
had a rank of 19, with total appreciation over the 20 year period of 144%. 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 Nassau Real Estate
Market is available back to the 4th Quarter, of 1975. All calculations are based
on the quarterly value of the House Price Index for Nassau. 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