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Oklahoma City, OK - House Price Index (HPI) - 31 Year Chart
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Oklahoma City Real Estate Market
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The House Price Index (HPI) shows changes in Oklahoma City, OK single family home prices in
logarithmic scale. The March, 1995 index value equals 100. Updated Tuesday, May 1, 2012. Real
estate forecasts, analysis, statistics and appreciation rates are provided below.
Oklahoma City 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 10312
4th Quarter, 2011 Housing Statistics: Oklahoma City, Oklahoma
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 89%
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 Oklahoma City housing market for the
12 months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Oklahoma City is 89%. In other words, when tested against
historical data, the forecasting methodology was correct 89% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Oklahoma City is 89% 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 Oklahoma City Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 88%
The forecast for the trend in the Oklahoma City housing market for the 3 years
ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Oklahoma City 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 Oklahoma City 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 Oklahoma City Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Oklahoma City, Oklahoma
Historical Home Price Appreciation
Last Quarter 1.90%
Last Year -0.4%
Last 5 Years 5%
Last 10 Years 34%
Last 20 Years 98%
Decline From All Time High 0.92%
Annual Home Price Appreciation Rates
1982 9.73%
1983 4.19%
1984 -2.96%
1985 -7.04%
1986 -2.65%
1987 -13.12%
1988 -3.39%
1989 1.65%
1990 1.43%
1991 5.40%
1992 2.58%
1993 5.49%
1994 3.31%
1995 4.29%
1996 3.61%
1997 3.13%
1998 4.69%
1999 2.83%
2000 4.28%
2001 5.72%
2002 4.28%
2003 5.11%
2004 5.54%
2005 6.26%
2006 3.99%
2007 3.47%
2008 0.05%
2009 0.62%
2010 0.70%
2011 -0.37%
Real Estate Appreciation, Rank & Percentile
Last Quarter 1.90% Rank: 40 of 381 (89th Percentile)
Last Year . . . . . . . . . . . . . . . . -0.4% Rank: 65 of 381 (83rd Percentile)
Last 5 Years 5% Rank: 54 of 381 (86th Percentile)
Last 10 Years . . . . . . . . . . . . 34% Rank: 114 of 381 (70th Percentile)
Last 20 Years 98% Rank: 116 of 355 (67th Percentile)
Decline From All Time High 0.92%
Home Price appreciation rates for Oklahoma City, OK are shown above for five
time periods. For example: Oklahoma City appreciated 1.90% in the Last
Quarter. At that rate, the Oklahoma City Real Estate Market was ranked 40th
out of 381 metropolitan areas for Real Estate Appreciation. Oklahoma City was
in the 89th percentile. So Oklahoma City, OK performed better in the Last
Quarter than 89% of the 381 metropolitan areas covered in
Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Oklahoma City, Oklahoma
The all time high in the Oklahoma City Home Price Index was 178.5 in the 1st
Quarter, of 2009. The 4th Quarter, 2011 index value was 176.9. That's a
decline of 1.65 points or 0.92% below the Oklahoma City Home Price Index all
time high. The Home Price Index indicates that the Oklahoma City Market is up
34% over the last 10 years. Home Prices in the Oklahoma City Real Estate
Market have lost 0.37% over the last 12 months. Over the last thirty years, it is
up 81%.
The 4th Quarter index value was 3.30 points higher than the 3rd Quarter, 2011
index value of 173.55, resulting in a 1.90% rise in the 4th Quarter for the
Oklahoma City Market.
The Oklahoma City 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 Oklahoma City Real Estate
Market was 26% in the twelve months ended with the 3rd Quarter of 1978. The
worst annual home appreciation rate in the Oklahoma City Market was -16% in
the twelve months ended with the 1st Quarter of 1988.
The highest home appreciation in the Oklahoma City Real Estate Market over a
three year period was 60% in the three years ended with the 2nd Quarter of
1980. The worst home appreciation over a three year period in the Oklahoma
City Market was -23% in the three years ended with the 1st Quarter of 1988.
This page provides a long term graph of the Oklahoma City Home Price Index
(above). The house price chart has been updated through the 4th Quarter of
2011. For more information about Oklahoma City Home Prices, look at the links
under that chart. One link opens a long term chart of historical appreciation
rates for the Oklahoma City Real Estate Market. Another opens a forecast for
appreciation rates in the state of Oklahoma. 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 Oklahoma City
Home Prices will be at your fingertips when you need them.
Historical data on the Oklahoma City Home Price Index is available back to the
2nd Quarter, of 1977. All calculations are based on the quarterly value of the
House Price Index for the Oklahoma City 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 Oklahoma City 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: Oklahoma City, Oklahoma
The appreciation of Oklahoma City 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, Oklahoma City Home Prices had a rank of 40,
with appreciation of 1.90%. 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, Oklahoma City Home Prices had a rank of 65, with
appreciation during the year of -0.37%. 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, Oklahoma City Home
Prices ranked 54, with a total appreciation of 4.5%. 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, Oklahoma City Home
Prices had a rank of 114, with appreciation during the decade of 34%. 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, Oklahoma City Home
Prices had a rank of 116, with total appreciation over the 20 year period of
98%. 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 Oklahoma City Real
Estate Market is available back to the 2nd Quarter, of 1977. All calculations are
based on the quarterly value of the House Price Index for Oklahoma City. 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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