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Utica, NY - House Price Index (HPI) - 22 Year Chart
Utica Real Estate Market
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The House Price Index (HPI) shows changes in Utica-Rome, NY single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Wednesday, March 28,
2012.Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Utica Real Estate Index: 22 Year Chart
Home Values Appreciation Rate - US Cities
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Utica Real Estate Market: Trend, Analysis & Statistics
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Commentary  10411
4th Quarter, 2011 Housing Statistics: Utica, New York


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      71%

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 Utica housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Utica is 71%. In other words, when tested against historical
data, the forecasting methodology was correct 71% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Utica is 71% 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 Utica Real Estate
Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      78%

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




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


Historical Home Price Appreciation
Last Quarter                         -2.03%
Last Year                              -2.2%
Last 5 Years                         5%
Last 10 Years                       45%
Last 20 Years                       55%
Decline From All Time High   4.05%


Annual Home Price Appreciation Rates
1982        n/a
1983        n/a
1984        n/a
1985        n/a
1986        n/a
1987      6.42%
1988      8.02%
1989      6.05%
1990      1.31%
1991      3.97%
1992      1.17%
1993      -0.47%
1994      -9.80%
1995      0.49%
1996      -0.76%
1997      -1.99%
1998      5.38%
1999      2.59%
2000      2.70%
2001      8.13%
2002      5.33%
2003      6.23%
2004      6.03%
2005      7.82%
2006      7.62%
2007      3.73%
2008      0.35%
2009      2.45%
2010      0.95%
2011      -2.18%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -2.03%        Rank: 364 of 381 (4th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -2.2%          Rank: 172 of 381 (55th Percentile)
Last 5 Years                              5%              Rank: 44 of 381 (88th Percentile)
Last 10 Years  . . . . . . . . . . . .   45%            Rank: 46 of 381 (88th Percentile)
Last 20 Years                            55%            Rank: 306 of 355 (13th Percentile)
Decline From All Time High        4.05%

Home Price appreciation rates for Utica-Rome, NY are shown above for five
time periods. For example: Utica appreciated -2.03% in the Last Quarter. At that
rate, the Utica Real Estate Market was ranked 364th out of 381 metropolitan
areas for Real Estate Appreciation. Utica was in the 4th percentile. So Utica, NY
performed better in the Last Quarter than 4% of the 381 metropolitan areas
covered in Forecast-Chart.com.

























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

The data and analysis on this page pertains to Utica-Rome, NY, hereinafter
referred to as "Utica". The all time high in the Utica Home Price Index was 173.7
in the 3rd Quarter, of 2010. The 4th Quarter, 2011 index value was 166.7.
That's a decline of 7.04 points or 4.05% below the Utica Home Price Index all
time high.  The Home Price Index indicates that the Utica Market is up 45% over
the last 10 years. Home Prices in the Utica Real Estate Market have lost 2.18%
over the last 12 months.

The 4th Quarter index value was 3.46 points lower than the 3rd Quarter, 2011
index value of 170.16, resulting in a 2.03% decline for the 4th Quarter in the
Utica Market.

The Utica 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 Utica Real Estate Market was
17% in the twelve months ended with the 3rd Quarter of 1987. The worst
annual home appreciation rate in the Utica Market was -10% in the twelve
months ended with the 4th Quarter of 1994.

The highest home appreciation in the Utica Real Estate Market over a three
year period was 30% in the three years ended with the 3rd Quarter of 1989.
The worst home appreciation over a three year period in the Utica Market was
-10% in the three years ended with the 4th Quarter of 1996.

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

Historical data on the Utica Home Price Index is available back to the 3rd
Quarter, of 1986. All calculations are based on the quarterly value of the House
Price Index for the Utica 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 Utica 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: Utica, New York

The appreciation of Utica 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 Utica-Rome, NY, hereinafter referred to as "Utica".

Last Quarter:
During the 4th Quarter of 2011, Utica Home Prices had a rank of 364, with
appreciation of -2.03%. 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, Utica Home Prices had a rank of 172, with
appreciation during the year of -2.18%. 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, Utica Home Prices ranked
44, with a total appreciation of 5.3%. 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, Utica Home Prices had a
rank of 46, with appreciation during the decade of 45%. 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, Utica Home Prices had a
rank of 306, with total appreciation over the 20 year period of 55%. 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 Utica Real Estate
Market is available back to the 3rd Quarter, of 1986. All calculations are based
on the quarterly value of the House Price Index for Utica. 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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