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Syracuse, NY - House Price Index (HPI) - 29 Year Chart
Syracuse Real Estate Market
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The House Price Index (HPI) shows changes in Syracuse, NY 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.
Syracuse Real Estate Index: 29 Year Chart
Home Values Appreciation Rate - US Cities
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Syracuse Real Estate Market: Trend, Analysis & Statistics
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Commentary  10398
4th Quarter, 2011 Housing Statistics: Syracuse, New York


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


3 Year Forecast:          DOWN
Forecast Accuracy:      79%

The forecast for the trend in the Syracuse housing market for the 3 years
ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Syracuse 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
Syracuse 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 Syracuse
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Syracuse, New York


Historical Home Price Appreciation
Last Quarter                         -0.10%
Last Year                              -0.9%
Last 5 Years                         3%
Last 10 Years                       37%
Last 20 Years                       49%
Decline From All Time High   2.05%


Annual Home Price Appreciation Rates
1982        n/a
1983      10.96%
1984      9.70%
1985      10.88%
1986      9.08%
1987      8.50%
1988      6.50%
1989      3.59%
1990      0.97%
1991      1.35%
1992      1.58%
1993      0.59%
1994      -5.76%
1995      -0.42%
1996      -3.01%
1997      2.89%
1998      3.59%
1999      0.29%
2000      4.23%
2001      4.86%
2002      6.56%
2003      5.69%
2004      7.97%
2005      6.20%
2006      3.26%
2007      0.83%
2008      2.25%
2009      1.86%
2010      -0.98%
2011      -0.86%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.10%        Rank: 242 of 381 (36th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -0.9%          Rank: 97 of 381 (74th Percentile)
Last 5 Years                              3%              Rank: 76 of 381 (80th Percentile)
Last 10 Years  . . . . . . . . . . . .   37%            Rank: 87 of 381 (77th Percentile)
Last 20 Years                            49%            Rank: 323 of 355 (9th Percentile)
Decline From All Time High        2.05%

Home Price appreciation rates for Syracuse, NY are shown above for five time
periods. For example: Syracuse appreciated -0.10% in the Last Quarter. At that
rate, the Syracuse Real Estate Market was ranked 242nd out of 381
metropolitan areas for Real Estate Appreciation. Syracuse was in the 36th
percentile. So Syracuse, NY performed better in the Last Quarter than 36% of
the 381 metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Syracuse, New York

The all time high in the Syracuse Home Price Index was 161.8 in the 1st
Quarter, of 2009. The 4th Quarter, 2011 index value was 158.5. That's a
decline of 3.32 points or 2.05% below the Syracuse Home Price Index all time
high.  The Home Price Index indicates that the Syracuse Market is up 37% over
the last 10 years. Home Prices in the Syracuse Real Estate Market have lost
0.86% over the last 12 months.

The 4th Quarter index value was 0.16 points lower than the 3rd Quarter, 2011
index value of 158.63, resulting in a 0.10% decline for the 4th Quarter in the
Syracuse Market.

The Syracuse Home Price Index declined in the last quarter after increasing in
the previous quarter. 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 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 highest annual home appreciation rate in the Syracuse Real Estate Market
was 16% in the twelve months ended with the 1st Quarter of 1981. The worst
annual home appreciation rate in the Syracuse Market was -7% in the twelve
months ended with the 1st Quarter of 1995.

The highest home appreciation in the Syracuse Real Estate Market over a
three year period was 40% in the three years ended with the 1st Quarter of
1986. The worst home appreciation over a three year period in the Syracuse
Market was -9% in the three years ended with the 4th Quarter of 1996.

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

Historical data on the Syracuse Home Price Index is available back to the 1st
Quarter, of 1979. All calculations are based on the quarterly value of the House
Price Index for the Syracuse 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 Syracuse 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: Syracuse, New York

The appreciation of Syracuse 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, Syracuse Home Prices had a rank of 242, with
appreciation of -0.10%. 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, Syracuse Home Prices had a rank of 97, with
appreciation during the year of -0.86%. 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, Syracuse Home Prices
ranked 76, with a total appreciation of 3.1%. 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, Syracuse Home Prices
had a rank of 87, 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, Syracuse Home Prices
had a rank of 323, with total appreciation over the 20 year period of 49%. 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 Syracuse Real Estate
Market is available back to the 1st Quarter, of 1979. The chart has been
updated through the 4th Quarter of 2011. All calculations are based on the
quarterly value of the House Price Index for Syracuse. 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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