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Scranton, PA - House Price Index (HPI) - 24 Year Chart
Scranton Real Estate Market
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The House Price Index (HPI) shows changes in Scranton-Wilkes-Barre, PA single family home prices
in logarithmic scale. The March, 1995 index value equals 100.  Updated Tuesday, March 27, 2012.
Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Scranton Real Estate Index: 24 Year Chart
Home Values Appreciation Rate - US Cities
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Scranton Real Estate Market: Trend, Analysis & Statistics
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Commentary  10376
4th Quarter, 2011 Housing Statistics: Scranton, Pennsylvania


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      79%

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 Scranton housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Scranton 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 Scranton is 79% 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
Scranton Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      84%

The forecast for the trend in the Scranton housing market for the 3 years
ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Scranton is 84%. In other words, when tested against historical
data, the forecasting methodology was correct 84% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Scranton is 84% 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 Scranton
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Scranton, Pennsylvania


Historical Home Price Appreciation
Last Quarter                         0.72%
Last Year                              -1.6%
Last 5 Years                         2%
Last 10 Years                       37%
Last 20 Years                       76%
Decline From All Time High   4.43%


Annual Home Price Appreciation Rates
1982        n/a
1983        n/a
1984        n/a
1985      2.97%
1986      11.21%
1987      15.36%
1988      17.01%
1989      10.08%
1990      1.08%
1991      8.48%
1992      3.71%
1993      3.90%
1994      -4.29%
1995      4.76%
1996      1.20%
1997      4.32%
1998      4.37%
1999      -3.82%
2000      4.65%
2001      7.51%
2002      4.11%
2003      2.45%
2004      5.99%
2005      9.68%
2006      8.54%
2007      4.00%
2008      1.27%
2009      -2.67%
2010      0.72%
2011      -1.62%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.72%         Rank: 120 of 381 (68th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -1.6%          Rank: 137 of 381 (64th Percentile)
Last 5 Years                              2%              Rank: 94 of 381 (75th Percentile)
Last 10 Years  . . . . . . . . . . . .   37%            Rank: 94 of 381 (75th Percentile)
Last 20 Years                            76%            Rank: 227 of 355 (36th Percentile)
Decline From All Time High        4.43%

Home Price appreciation rates for Scranton-Wilkes-Barre, PA are shown above
for five time periods. For example: Scranton appreciated 0.72% in the Last
Quarter. At that rate, the Scranton Real Estate Market was ranked 120th out of
381 metropolitan areas for Real Estate Appreciation. Scranton was in the 68th
percentile. So Scranton, PA performed better in the Last Quarter than 68% of
the 381 metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Scranton, Pennsylvania

The data and analysis on this page pertains to Scranton-Wilkes-Barre, PA,
hereinafter referred to as "Scranton". The all time high in the Scranton Home
Price Index was 183.2 in the 1st Quarter, of 2009. The 4th Quarter, 2011 index
value was 175.1. That's a decline of 8.11 points or 4.43% below the Scranton
Home Price Index all time high.  The Home Price Index indicates that the
Scranton Market is up 37% over the last 10 years. Home Prices in the Scranton
Real Estate Market have lost 1.62% over the last 12 months.

The 4th Quarter index value was 1.25 points higher than the 3rd Quarter, 2011
index value of 173.81, resulting in a 0.72% rise in the 4th Quarter for the
Scranton Market.

The Scranton 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 Scranton Real Estate Market
was 18% in the twelve months ended with the 1st Quarter of 1989. The worst
annual home appreciation rate in the Scranton Market was -7% in the twelve
months ended with the 1st Quarter of 1995.

The highest home appreciation in the Scranton Real Estate Market over a three
year period was 51% in the three years ended with the 3rd Quarter of 1987.
The worst home appreciation over a three year period in the Scranton Market
was -5% in the three years ended with the 2nd Quarter of 2011.

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

Historical data on the Scranton Home Price Index is available back to the 3rd
Quarter, of 1984. All calculations are based on the quarterly value of the House
Price Index for the Scranton 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 Scranton 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: Scranton, Pennsylvania

The appreciation of Scranton 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 Scranton-Wilkes-Barre, PA, hereinafter referred to as "Scranton".

Last Quarter:
During the 4th Quarter of 2011, Scranton Home Prices had a rank of 120, with
appreciation of 0.72%. 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, Scranton Home Prices had a rank of 137, with
appreciation during the year of -1.62%. 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, Scranton Home Prices
ranked 94, with a total appreciation of 1.6%. 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, Scranton Home Prices
had a rank of 94, with appreciation during the decade of 37%. 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, Scranton Home Prices
had a rank of 227, with total appreciation over the 20 year period of 76%. 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 Scranton Real Estate
Market is available back to the 3rd Quarter, of 1984. All calculations are based
on the quarterly value of the House Price Index for Scranton. 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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