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Sandusky, OH - House Price Index (HPI) - 21 Year Chart
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Sandusky Real Estate Market
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The House Price Index (HPI) shows changes in Sandusky, OH single family home prices in
logarithmic scale. The March, 1995 index value equals 100. Updated Thursday, October 20, 2011.
Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Sandusky Real Estate Prices Market: Trend & Analysis
1/75 1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010 1/15
Commentary 8845
3rd Quarter, 2011 Housing Statistics: Sandusky, Ohio
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 85%
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 Sandusky housing market for the 12
months ending with the 3rd Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Sandusky is 85%. In other words, when tested against
historical data, the forecasting methodology was correct 85% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Sandusky is 85% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 3rd Quarter of 2012 than they were in
the 3rd Quarter of 2011. Check this page each quarter for updates to the
Sandusky Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 88%
The forecast for the trend in the Sandusky housing market for the 3 years
ending with the 3rd Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Sandusky 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
Sandusky is 88% during this period. If this Housing Market Forecast is correct,
home prices will be lower in the 3rd Quarter of 2014 than they were in the 3rd
Quarter of 2011. Check this page each quarter for updates to the Sandusky
Real Estate Market Forecast.
Part 2: MARKET SUMMARY
3rd Quarter, 2011 Housing Data: Sandusky, Ohio
Historical Home Price Appreciation
Last Quarter 5.62%
Last Year -1.8%
Last 5 Years -5%
Last 10 Years 6%
Last 20 Years 71%
Decline From All Time High 8.87%
Annual Home Price Appreciation Rates
1981 n/a
1982 n/a
1983 n/a
1984 n/a
1985 n/a
1986 n/a
1987 n/a
1988 16.36%
1989 -2.09%
1990 2.84%
1991 6.92%
1992 5.32%
1993 4.70%
1994 3.87%
1995 7.36%
1996 6.94%
1997 3.36%
1998 6.22%
1999 2.39%
2000 5.20%
2001 6.46%
2002 3.47%
2003 4.43%
2004 1.84%
2005 0.88%
2006 0.69%
2007 -2.05%
2008 -2.83%
2009 -1.12%
2010 -1.49%
Real Estate Appreciation, Rank & Percentile
Last Quarter 5.62% Rank: 7 of 381 (98th Percentile)
Last Year . . . . . . . . . . . . . . . . -1.8% Rank: 110 of 381 (71st Percentile)
Last 5 Years -5% Rank: 190 of 381 (50th Percentile)
Last 10 Years . . . . . . . . . . . . 6% Rank: 341 of 381 (10th Percentile)
Last 20 Years 71% Rank: 248 of 351 (29th Percentile)
Decline From All Time High 8.87%
Home Price appreciation rates for Sandusky, OH are shown above for five time
periods. For example: Sandusky appreciated 5.62% in the Last Quarter. At that
rate, the Sandusky Real Estate Market was ranked 7th out of 381 metropolitan
areas for Real Estate Appreciation. Sandusky was in the 98th percentile. So
Sandusky, OH performed better in the Last Quarter than 98% of the 381
metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2011 Housing Statistics: Sandusky, Ohio
The all time high in the Sandusky Home Price Index was 162.6 in the 1st
Quarter, of 2008. The 3rd Quarter, 2011 index value was 148.2. That's a
decline of 14.43 points or 8.87% below the Sandusky Home Price Index all time
high. The Home Price Index indicates that the Sandusky Market is up 6% over
the last 10 years. Home Prices in the Sandusky Real Estate Market have lost
1.76% over the last 12 months.
The 3rd Quarter index value was 7.88 points higher than the 2nd Quarter, 2011
index value of 140.29, resulting in a 5.62% rise in the 3rd Quarter for the
Sandusky Market.
The Sandusky Home Price Index increased in the last quarter after falling in the
previous 3 quarters. The current record holder for consecutive increases in the
Home Price Index is Bismarck, ND, with increases in the last 6 consecutive
quarters. The current record holder for consecutive declines in the Home Price
Index is Las Vegas, NV, with declines in the last 19 consecutive quarters.
The highest annual home appreciation rate in the Sandusky Real Estate Market
was 16% in the twelve months ended with the 4th Quarter of 1988. The worst
annual home appreciation rate in the Sandusky Market was -6% in the twelve
months ended with the 1st Quarter of 2010.
The highest home appreciation in the Sandusky Real Estate Market over a
three year period was 25% in the three years ended with the 3rd Quarter of
1990. The worst home appreciation over a three year period in the Sandusky
Market was -11% in the three years ended with the 1st Quarter of 2011.
This page provides a long term graph of the Sandusky Home Price Index
(above). The house price chart has been updated through the 3rd Quarter of
2011. For more information about Sandusky Home Prices, look at the links
under that chart. One link opens a long term chart of historical appreciation
rates for the Sandusky Real Estate Market. Another opens a forecast for
appreciation rates in the state of Ohio. 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 Sandusky Home Prices will be at your
fingertips when you need them.
Historical data on the Sandusky Home Price Index is available back to the 1st
Quarter, of 1987. All calculations are based on the quarterly value of the House
Price Index for the Sandusky 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 Sandusky 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
3rd Quarter, 2011 Housing Data: Sandusky, Ohio
The appreciation of Sandusky 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 3rd Quarter of 2011, Sandusky Home Prices had a rank of 7, with
appreciation of 5.62%. The top performing real estate market during the 3rd
Quarter was Lewiston, ID, with appreciation of 7.64%. The worst market during
that period was Sumter, SC, with appreciation of -5.30%.
The median appreciation for all cities during the 3rd Quarter was 0.70%. The
average appreciation for all markets during the quarter was 0.72%.
Last Year:
During the last 12 months, Sandusky Home Prices had a rank of 110, with
appreciation during the year of -1.76%. The top performing market during the
last year was Elmira, NY, with appreciation of 6.1%. The worst real estate
market during that period was Carson City, NV, with appreciation of -15.4%.
The median appreciation for all markets during this period was -3.41%. The
average appreciation was -4.02%.
Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2011, Sandusky Home Prices
ranked 190, with a total appreciation of -5.5%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 27%. The
worst market during that period was Merced, CA, with appreciation of -64%.
The median appreciation for all cities during this time period was -6%. The
average appreciation over the 5 years was -10%.
Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2011, Sandusky Home Prices
had a rank of 341, with appreciation during the decade of 6%. 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 26%. The
average appreciation for the cities over that time frame was 26%.
Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2011, Sandusky Home Prices
had a rank of 248, with total appreciation over the 20 year period of 71%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 214%. The worst market during the last 20 years was Merced,
CA, with appreciation of 6%.
The median appreciation for all cities during the last 20 years was 87%. The
average appreciation for the markets over that time frame was 89%.
Historical research data on the Home Price Index for the Sandusky Real Estate
Market is available back to the 1st Quarter, of 1987. All calculations are based
on the quarterly value of the House Price Index for Sandusky. 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.)
PART 5: NATIONAL ECONOMIC FORECASTS
Local economies and home values are influenced in varying degrees by
national economic conditions. Forecasts for some relevant indicators are
included below. The date shown to the right of the forecast represents the
target date of the forecast. Abbreviations: SSAR (Seasonally Adjusted Annual
Rate), Q1 (First Quarter), Q2 (Second Quarter), etc.
U. S. Home Values (12 Month Appreciation or Depreciation) -6.9% (2012-Q3)
30 Year Mortgage Interest Rate: 3.25% (November, 2012)
15 Year Mortgage Rate: 2.95% (November, 2012)
Adjustable Rate Mortgage Rate: 0.00% (November, 2012)
Housing Starts (SSAR in 1000's): 732 (November, 2012)
Prime Interest Rate: 0.11% (November, 2012)
US Unemployment Rate (Overall): 8.63% (November, 2012)
US Inflation or Deflation (-): 3.04% (November, 2012)
Crude Oil Prices (Dollars per Barrel): $92.4 (November, 2012)
Natural Gas Prices (Dollars Per Million BTU): $3.37 (November, 2012)
U.S. Dollar Trade Weighted Currency Exchange Index: 105 (December, 2012)
GDP (Gross Domestic Product) SSAR in Trillions: $15.6 (2012-Q2)
GNP (Gross National Product) SSAR in Trillions: $16.0 (2012-Q2)
Federal Surplus or Deficit (-) in Billions: $-1704 (2011)
National Debt (Trillions): $14.6 (2012-Q2)
Fed Funds Rate: 4.11% (November, 2012)
S&P 500 (Standard & Poor's 500 Stock Index): 1245 (December, 2012)
DJIA (Dow Jones Industrial Average): 12030 (December, 2012)
U. S. Exports (SSAR in Billions): $2338 (2012-Q2)
U. S. Imports (SSAR in Billions): $3042 (2012-Q2)
U. S. Personal Savings Rate: 4.61% (November, 2012)
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