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New Mexico Home Price - Appreciation Rate - 33 Year Graph
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New Mexico Home Prices - Appreciation Rates
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Yearly appreciation rates for New Mexico single family home prices are shown in the graph above.
Source: House Price Index (HPI). Updated Wednesday, August 31, 2011. Click the link below for the
forecast.

Commentary 7755
2nd Quarter, 2011 Data: New Mexico
The appreciation of New Mexico Home Prices relative to the other fifty states is
detailed below. Five different time periods are reviewed. Each paragraph
identifies the top and bottom performers as well as the average and median
performance for all states during each time period.
Last Quarter:
During the 2nd Quarter of 2011, New Mexico Home Prices had a rank of 30 with
appreciation of -1.77%. The top performer during the 2nd Quarter was
Washington DC, with appreciation of 1.98%. The worst performer during that
period was Nevada with appreciation of -7.46%. The House Price Index
indicated rising home prices in 3 states during the quarter. Home prices fell in
47 states.
The median appreciation for all states during the 2nd Quarter was -1.66%. The
average appreciation for all states during the quarter was -1.70%.
Last Year:
During the last 12 months, New Mexico Home Prices had a rank of 38 with
appreciation during the year of -4.98%. The top performer during the last year
was North Dakota, with appreciation of 4.5%. The worst performer during that
period was Nevada with appreciation of -14.8%. The House Price Index
indicated rising home prices in 3 states over the last year. Home prices fell in 47
states.
The median appreciation for all states during this period was -3.49%. The
average appreciation was -3.82%.
Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2011, New Mexico Home Prices
ranked 24 with a total appreciation of -5.2%. The top performer during the 5
year period was North Dakota, with appreciation of 16%. The worst performer
during that period was Nevada with appreciation of -53%. The House Price
Index indicated rising home prices in 12 states over the last 5 years. Home
prices fell in 38 states.
The median appreciation for all states during this time period was -6%. The
average appreciation over the 5 years was -9%.
Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2011, New Mexico Home
Prices had a rank of 17 with appreciation during the decade of 40%. The top
performer during the period was Washington DC, with appreciation of 106%.
The worst performer during the 10 year time period was Michigan with
appreciation of -14%. The House Price Index indicated rising home prices in 48
states over the last 10 years. Home prices fell in 2 states.
The median appreciation for all states during the last 10 years was 30%. The
average appreciation for the states over that time frame was 34%.
Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2011, New Mexico Home
Prices had a rank of 14 with total appreciation over the 20 year period of 111%.
The top performer during the period was Washington DC, with appreciation of
198%. The worst performer during the last 20 years was Nevada with
appreciation of 26%. The House Price Index indicated rising home prices in all
50 states over the last 20 years. None of the states had a falling index during
this period.
The median appreciation for all states during the last 20 years was 93%. The
average appreciation for the states over that time frame was 100%.
Historical data on the New Mexico House Price Index is available back to the first
quarter of 1975. The chart has been updated through the 2nd Quarter of 2011.
All calculations are based on the quarterly value of the House Price Index for
New Mexico. 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.)
In this site, you may view the one, five & ten year home appreciation rates for all
50 states in one convenient table. Click the Market Trend Research link in the
uppermost left corner of any page in this site. The table of contents for Market
Trend Research will open. In the table of contents, click the link titled: Home
Appreciation Rates.
Commentary 6993
1st Quarter, 2011 Data: New Mexico
The appreciation of New Mexico Home Prices relative to the other fifty states is
detailed below. Five different time periods are reviewed. Each paragraph
identifies the top and bottom performers as well as the average and median
performance for all states during each time period.
Last Quarter:
During the 1st Quarter of 2011, New Mexico Home Prices had a rank of 20 with
appreciation of -1.78%. The top performer during the 1st Quarter was North
Dakota, with appreciation of 1.33%. The worst performer during that period was
Idaho with appreciation of -5.03%. The House Price Index indicated rising home
prices in 1 state during the quarter. Home prices fell in 49 states.
The median appreciation for all states during the 1st Quarter was -2.12%. The
average appreciation for all states during the quarter was -2.32%.
Last Year:
During the last 12 months, New Mexico Home Prices had a rank of 42 with
appreciation during the year of -4.09%. The top performer during the last year
was North Dakota, with appreciation of 3.0%. The worst performer during that
period was Nevada with appreciation of -10.9%. The House Price Index
indicated rising home prices in 5 states over the last year. Home prices fell in 45
states.
The median appreciation for all states during this period was -2.12%. The
average appreciation was -2.61%.
Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2011, New Mexico Home Prices
ranked 21 with a total appreciation of 0.4%. The top performer during the 5
year period was North Dakota, with appreciation of 18%. The worst performer
during that period was Nevada with appreciation of -49%. The House Price
Index indicated rising home prices in 21 states over the last 5 years. Home
prices fell in 29 states.
The median appreciation for all states during this time period was -4%. The
average appreciation over the 5 years was -6%.
Last 10 Years:
During the 10 years ended in the 1st Quarter of 2011, New Mexico Home Prices
had a rank of 17 with appreciation during the decade of 44%. The top
performer during the period was Washington DC, with appreciation of 110%.
The worst performer during the 10 year time period was Michigan with
appreciation of -11%. The House Price Index indicated rising home prices in 49
states over the last 10 years. Home prices fell in 1 state.
The median appreciation for all states during the last 10 years was 33%. The
average appreciation for the states over that time frame was 38%.
Last 20 Years:
During the 20 years ended in the 1st Quarter of 2011, New Mexico Home Prices
had a rank of 13 with total appreciation over the 20 year period of 117%. The
top performer during the period was Wyoming, with appreciation of 196%. The
worst performer during the last 20 years was Nevada with appreciation of 38%.
The House Price Index indicated rising home prices in all 50 states over the last
20 years. None of the states had a falling index during this period.
The median appreciation for all states during the last 20 years was 97%. The
average appreciation for the states over that time frame was 106%.
Historical data on the New Mexico House Price Index is available back to the first
quarter of 1975. The chart has been updated through the 1st Quarter of 2011.
All calculations are based on the quarterly value of the House Price Index for
New Mexico. 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.)
In this site, you may view the one, five & ten year home appreciation rates for all
50 states in one convenient table. Click the Market Trend Research link in the
uppermost left corner of any page in this site. The table of contents for Market
Trend Research will open. In the table of contents, click the link titled: Home
Appreciation Rates.
Commentary 6231
4th Quarter, 2010 Data: New Mexico
The appreciation of New Mexico Home Prices relative to the other fifty states is
detailed below. Five different time periods are reviewed. Each paragraph
identifies the top and bottom performers as well as the average and median
performance for all states during each time period.
Last Quarter:
During the 4th Quarter of 2010, New Mexico Home Prices had a rank of 43 with
appreciation of -1.26%. The top performer during the 4th Quarter was North
Dakota, with appreciation of 0.93%. The worst performer during that period was
Arizona with appreciation of -2.84%. The House Price Index indicated rising
home prices in 8 states during the quarter. Home prices fell in 42 states.
The median appreciation for all states during the 4th Quarter was -0.61%. The
average appreciation for all states during the quarter was -0.69%.
Last Year:
During the last 12 months, New Mexico Home Prices had a rank of 43 with
appreciation during the year of -2.57%. The top performer during the last year
was North Dakota, with appreciation of 2.0%. The worst performer during that
period was Nevada with appreciation of -9.1%. The House Price Index indicated
rising home prices in 9 states over the last year. Home prices fell in 41 states.
The median appreciation for all states during this period was -0.86%. The
average appreciation was -1.48%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2010, New Mexico Home Prices
ranked 17 with a total appreciation of 5.3%. The top performer during the 5
year period was North Dakota, with appreciation of 17%. The worst performer
during that period was Nevada with appreciation of -45%. The House Price
Index indicated rising home prices in 24 states over the last 5 years. Home
prices fell in 26 states.
The median appreciation for all states during this time period was -1%. The
average appreciation over the 5 years was -3%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2010, New Mexico Home Prices
had a rank of 18 with appreciation during the decade of 50%. The top
performer during the period was Washington DC, with appreciation of 122%.
The worst performer during the 10 year time period was Michigan with
appreciation of -4%. The House Price Index indicated rising home prices in 49
states over the last 10 years. Home prices fell in 1 state.
The median appreciation for all states during the last 10 years was 41%. The
average appreciation for the states over that time frame was 45%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2010, New Mexico Home Prices
had a rank of 15 with total appreciation over the 20 year period of 123%. The
top performer during the period was Washington DC, with appreciation of
202%. The worst performer during the last 20 years was Nevada with
appreciation of 49%. The House Price Index indicated rising home prices in all
50 states over the last 20 years. None of the states had a falling index during
this period.
The median appreciation for all states during the last 20 years was 102%. The
average appreciation for the states over that time frame was 113%.
Historical data on the New Mexico House Price Index is available back to the first
quarter of 1975. The chart has been updated through the 4th Quarter of 2010.
All calculations are based on the quarterly value of the House Price Index for
New Mexico. 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.)
Commentary 5469
3rd Quarter, 2010 Data: New Mexico
The appreciation of New Mexico Home Prices relative to the other fifty states is
detailed below. Five different time periods are reviewed. Each paragraph
identifies the top and bottom performers as well as the average and median
performance for all states during each time period.
Last Quarter:
During the 3rd Quarter of 2010, New Mexico Home Prices had a rank of 45 with
appreciation of -0.23%. The top performer during the 3rd Quarter was
Michigan, with appreciation of 2.59%. The worst performer during that period
was Idaho with appreciation of -0.80%. The House Price Index indicated rising
home prices in 40 states during the quarter. Home prices fell in 10 states.
The median appreciation for all states during the 3rd Quarter was 0.83%. The
average appreciation for all states during the quarter was 0.73%.
Last Year:
During the last 12 months, New Mexico Home Prices had a rank of 39 with
appreciation during the year of -2.32%. The top performer during the last year
was Washington DC, with appreciation of 2.2%. The worst performer during that
period was Nevada with appreciation of -10.2%. The House Price Index
indicated rising home prices in 11 states over the last year. Home prices fell in
39 states.
The median appreciation for all states during this period was -1.07%. The
average appreciation was -1.57%.
Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2010, New Mexico Home Prices
ranked 12 with a total appreciation of 10.0%. The top performer during the 5
year period was Wyoming, with appreciation of 20%. The worst performer
during that period was Nevada with appreciation of -41%. The House Price
Index indicated rising home prices in 29 states over the last 5 years. Home
prices fell in 21 states.
The median appreciation for all states during this time period was 3%. The
average appreciation over the 5 years was 0%.
Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2010, New Mexico Home Prices
had a rank of 18 with appreciation during the decade of 53%. The top
performer during the period was Washington DC, with appreciation of 128%.
The worst performer during the 10 year time period was Michigan with
appreciation of -2%. The House Price Index indicated rising home prices in 49
states over the last 10 years. Home prices fell in 1 state.
The median appreciation for all states during the last 10 years was 46%. The
average appreciation for the states over that time frame was 48%.
Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2010, New Mexico Home Prices
had a rank of 15 with total appreciation over the 20 year period of 127%. The
top performer during the period was Washington DC, with appreciation of
206%. The worst performer during the last 20 years was Nevada with
appreciation of 55%. The House Price Index indicated rising home prices in all
50 states over the last 20 years. None of the states had a falling index during
this period.
The median appreciation for all states during the last 20 years was 102%. The
average appreciation for the states over that time frame was 114%.
Historical data on the New Mexico House Price Index is available back to the first
quarter of 1975. The chart has been updated through the 3rd Quarter of 2010.
All calculations are based on the quarterly value of the House Price Index for
New Mexico. 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.)
Commentary 4707
2nd Quarter, 2010 Data: New Mexico
The appreciation of New Mexico Home Prices relative to the other fifty states is
detailed below. Five different time periods are reviewed. Each paragraph
identifies the top and bottom performers as well as the average and median
performance for all states during each time period.
Last Quarter:
During the 2nd Quarter of 2010, New Mexico Home Prices had a rank of 31 with
appreciation of -0.73%. The top performer during the 2nd Quarter was
Wyoming, with appreciation of 1.08%. The worst performer during that period
was Nevada with appreciation of -3.11%. The House Price Index indicated
rising home prices in 13 states during the quarter. Home prices fell in 37 states.
The median appreciation for all states during the 2nd Quarter was -0.61%. The
average appreciation for all states during the quarter was -0.56%.
Last Year:
During the last 12 months, New Mexico Home Prices had a rank of 21 with
appreciation during the year of -3.52%. The top performer during the last year
was North Dakota, with appreciation of 0.4%. The worst performer during that
period was Nevada with appreciation of -15.4%. The House Price Index
indicated rising home prices in 1 state over the last year. Home prices fell in 49
states.
The median appreciation for all states during this period was -4.12%. The
average appreciation was -4.47%.
Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2010, New Mexico Home Prices
ranked 7 with a total appreciation of 14.7%. The top performer during the 5
year period was Wyoming, with appreciation of 26%. The worst performer
during that period was Nevada with appreciation of -39%. The House Price
Index indicated rising home prices in 34 states over the last 5 years. Home
prices fell in 16 states.
The median appreciation for all states during this time period was 6%. The
average appreciation over the 5 years was 3%.
Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2010, New Mexico Home
Prices had a rank of 19 with appreciation during the decade of 55%. The top
performer during the period was Washington DC, with appreciation of 130%.
The worst performer during the 10 year time period was Michigan with
appreciation of -3%. The House Price Index indicated rising home prices in 49
states over the last 10 years. Home prices fell in 1 state.
The median appreciation for all states during the last 10 years was 47%. The
average appreciation for the states over that time frame was 50%.
Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2010, New Mexico Home
Prices had a rank of 13 with total appreciation over the 20 year period of 130%.
The top performer during the period was Wyoming, with appreciation of 217%.
The worst performer during the last 20 years was Nevada with appreciation of
60%. The House Price Index indicated rising home prices in all 50 states over
the last 20 years. None of the states had a falling index during this period.
The median appreciation for all states during the last 20 years was 102%. The
average appreciation for the states over that time frame was 115%.
Historical data on the New Mexico House Price Index is available back to the first
quarter of 1975. The chart has been updated through the 2nd Quarter of 2010.
All calculations are based on the quarterly value of the House Price Index for
New Mexico. 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.)
Commentary 3945
1st Quarter, 2010 Data: New Mexico
The appreciation of New Mexico Home Prices relative to the other fifty states is
detailed below. Five different time periods are reviewed. Each paragraph
identifies the top and bottom performers as well as the average and median
performance for all states during each time period.
Last Quarter:
During the 1st Quarter of 2010, New Mexico Home Prices had a rank of 5 with
appreciation of -0.38%. The top performer during the 1st Quarter was North
Dakota, with appreciation of 0.56%. The worst performer during that period was
Idaho with appreciation of -3.44%. The House Price Index indicated rising home
prices in 3 states during the quarter. Home prices fell in 47 states.
The median appreciation for all states during the 1st Quarter was -1.27%. The
average appreciation for all states during the quarter was -1.33%.
Last Year:
During the last 12 months, New Mexico Home Prices had a rank of 24 with
appreciation during the year of -4.86%. The top performer during the last year
was North Dakota, with appreciation of 1.2%. The worst performer during that
period was Nevada with appreciation of -18.3%. The House Price Index
indicated falling home prices in all 50 states over the last year. None of the
states had a rising index during this period.
The median appreciation for all states during this period was -5.19%. The
average appreciation was -6.04%.
Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2010, New Mexico Home Prices
ranked 5 with a total appreciation of 20.8%. The top performer during the 5
year period was Wyoming, with appreciation of 28%. The worst performer
during that period was Nevada with appreciation of -33%. The House Price
Index indicated rising home prices in 38 states over the last 5 years. Home
prices fell in 12 states.
The median appreciation for all states during this time period was 8%. The
average appreciation over the 5 years was 6%.
Last 10 Years:
During the 10 years ended in the 1st Quarter of 2010, New Mexico Home Prices
had a rank of 23 with appreciation during the decade of 57%. The top
performer during the period was Washington DC, with appreciation of 140%.
The worst performer during the 10 year time period was Michigan with
appreciation of 0%. The House Price Index indicated rising home prices in all
50 states over the last 10 years. None of the states had a falling index during
this period.
The median appreciation for all states during the last 10 years was 49%. The
average appreciation for the states over that time frame was 53%.
Last 20 Years:
During the 20 years ended in the 1st Quarter of 2010, New Mexico Home Prices
had a rank of 12 with total appreciation over the 20 year period of 134%. The
top performer during the period was Oregon, with appreciation of 222%. The
worst performer during the last 20 years was Connecticut with appreciation of
62%. The House Price Index indicated rising home prices in all 50 states over
the last 20 years. None of the states had a falling index during this period.
The median appreciation for all states during the last 20 years was 106%. The
average appreciation for the states over that time frame was 118%.
Historical data on the New Mexico House Price Index is available back to the first
quarter of 1975. The chart has been updated through the 1st Quarter of 2010.
All calculations are based on the quarterly value of the House Price Index for
New Mexico. 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.)
Commentary 3183
4th Quarter, 2009 Data: New Mexico
The appreciation of New Mexico Home Prices relative to the other fifty states is
detailed below. Five different time periods are reviewed. Each paragraph
identifies the top and bottom performers as well as the average and median
performance for all states during each time period.
Last Quarter:
During the 4th Quarter of 2009, New Mexico Home Prices had a rank of 32 with
appreciation of -0.88%. The top performer during the 4th Quarter was
Washington DC, with appreciation of 1.23%. The worst performer during that
period was Nevada with appreciation of -3.83%. The House Price Index
indicated rising home prices in 6 states during the quarter. Home prices fell in
44 states.
The median appreciation for all states during the 4th Quarter was -0.74%. The
average appreciation for all states during the quarter was -0.84%.
Last Year:
During the last 12 months, New Mexico Home Prices had a rank of 29 with
appreciation during the year of -4.22%. The top performer during the last year
was North Dakota, with appreciation of 1.2%. The worst performer during that
period was Nevada with appreciation of -17.1%. The House Price Index
indicated rising home prices in 3 states over the last year. Home prices fell in 48
states.
The median appreciation for all states during this period was -3.43%. The
average appreciation was -4.33%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2009, New Mexico Home Prices
ranked 6 with a total appreciation of 24.0%. The top performer during the 5
year period was Wyoming, with appreciation of 32%. The worst performer
during that period was Nevada with appreciation of -28%. The House Price
Index indicated rising home prices in 41 states over the last 5 years. Home
prices fell in 9 states.
The median appreciation for all states during this time period was 12%. The
average appreciation over the 5 years was 10%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2009, New Mexico Home Prices
had a rank of 25 with appreciation during the decade of 58%. The top
performer during the period was Washington DC, with appreciation of 153%.
The worst performer during the 10 year time period was Michigan with
appreciation of 5%. The House Price Index indicated rising home prices in all
50 states over the last 10 years. None of the states had a falling index during
this period.
The median appreciation for all states during the last 10 years was 51%. The
average appreciation for the states over that time frame was 58%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2009, New Mexico Home Prices
had a rank of 15 with total appreciation over the 20 year period of 130%. The
top performer during the period was Oregon, with appreciation of 239%. The
worst performer during the last 20 years was Connecticut with appreciation of
62%. The House Price Index indicated rising home prices in all 50 states over
the last 20 years. None of the states had a falling index during this period.
The median appreciation for all states during the last 20 years was 108%. The
average appreciation for the states over that time frame was 123%.
Historical data on the New Mexico House Price Index is available back to the first
quarter of 1975. The chart has been updated through the 4th Quarter of 2009.
All calculations are based on the quarterly value of the House Price Index for
New Mexico. 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.)
Commentary 2421
3rd Quarter, 2009 Data: New Mexico
The appreciation of New Mexico Home Prices relative to the other fifty states is
detailed below. Five different time periods are reviewed. Each paragraph
identifies the top and bottom performers as well as the average and median
performance for all states during each time period.
Last Quarter:
During the 3rd Quarter of 2009, New Mexico Home Prices had a rank of 19 with
appreciation of -1.56%. The top performer during the 3rd Quarter was Iowa,
with appreciation of 0.19%. The worst performer during that period was Nevada
with appreciation of -6.21%. The House Price Index indicated rising home
prices in 1 states during the quarter. Home prices fell in 49 states.
The median appreciation for all states during the 3rd Quarter was -1.81%. The
average appreciation for all states during the quarter was -1.98%.
Last Year:
During the last 12 months, New Mexico Home Prices had a rank of 27 with
appreciation during the year of -3.13%. The top performer during the last year
was South Dakota, with appreciation of 1.3%. The worst performer during that
period was Nevada with appreciation of -16.4%. The House Price Index
indicated rising home prices in 10 states over the last year. Home prices fell in
41 states.
The median appreciation for all states during this period was -2.07%. The
average appreciation was -3.50%.
Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2009, New Mexico Home Prices
ranked 5 with a total appreciation of 27.6%. The top performer during the 5
year period was Wyoming, with appreciation of 37%. The worst performer
during that period was Nevada with appreciation of -22%. The House Price
Index indicated rising home prices in 42 states over the last 5 years. Home
prices fell in 8 states.
The median appreciation for all states during this time period was 16%. The
average appreciation over the 5 years was 14%.
Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2009, New Mexico Home Prices
had a rank of 24 with appreciation during the decade of 60%. The top
performer during the period was Washington DC, with appreciation of 157%.
The worst performer during the 10 year time period was Michigan with
appreciation of 8%. The House Price Index indicated rising home prices in all
50 states over the last 10 years. None of the states had a falling index during
this period.
The median appreciation for all states during the last 10 years was 57%. The
average appreciation for the states over that time frame was 60%.
Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2009, New Mexico Home Prices
had a rank of 15 with total appreciation over the 20 year period of 136%. The
top performer during the period was Oregon, with appreciation of 255%. The
worst performer during the last 20 years was Connecticut with appreciation of
62%. The House Price Index indicated rising home prices in all 50 states over
the last 20 years. None of the states had a falling index during this period.
The median appreciation for all states during the last 20 years was 110%. The
average appreciation for the states over that time frame was 126%.
Historical data on the New Mexico House Price Index is available back to the first
quarter of 1975. The chart has been updated through the 3rd Quarter of 2009.
All calculations are based on the quarterly value of the House Price Index for
New Mexico. 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.)
Commentary 1278
2nd Quarter, 2009 Data: New Mexico
The appreciation of New Mexico Home Prices relative to the other fifty states is
detailed below. Five different time periods are reviewed. Each paragraph
identifies the top and bottom performers as well as the average and median
performance for all states during each time period.
Last Quarter:
During the 2nd Quarter of 2009, New Mexico Home Prices had a rank of 26 with
appreciation of -1.93%. The top performer during the 2nd Quarter was North
Dakota, with appreciation of -0.08%. The worst performer during that period
was Arizona with appreciation of -6.92%. The House Price Index indicated
falling home prices in all 50 states during the quarter. None of the states had a
rising index during this period.
The median appreciation for all states during the 2nd Quarter was -1.93%. The
average appreciation for all states during the quarter was -2.21%.
Last Year:
During the last 12 months, New Mexico Home Prices had a rank of 31 with
appreciation during the year of -3.63%. The top performer during the last year
was North Dakota, with appreciation of 1.8%. The worst performer during that
period was Nevada with appreciation of -19.4%. The House Price Index
indicated rising home prices in 8 states over the last year. Home prices fell in 43
states.
The median appreciation for all states during this period was -1.98%. The
average appreciation was -3.74%.
Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2009, New Mexico Home Prices
ranked 9 with a total appreciation of 33.8%. The top performer during the 5
year period was Wyoming, with appreciation of 45%. The worst performer
during that period was Michigan with appreciation of -9%. The House Price
Index indicated rising home prices in 47 states over the last 5 years. Home
prices fell in 3 states.
The median appreciation for all states during this time period was 22%. The
average appreciation over the 5 years was 20%.
Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2009, New Mexico Home
Prices had a rank of 25 with appreciation during the decade of 63%. The top
performer during the period was Washington DC, with appreciation of 168%.
The worst performer during the 10 year time period was Michigan with
appreciation of 16%. The House Price Index indicated rising home prices in all
50 states over the last 10 years. None of the states had a falling index during
this period.
The median appreciation for all states during the last 10 years was 62%. The
average appreciation for the states over that time frame was 66%.
Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2009, New Mexico Home
Prices had a rank of 15 with total appreciation over the 20 year period of 145%.
The top performer during the period was Oregon, with appreciation of 279%.
The worst performer during the last 20 years was Connecticut with appreciation
of 67%. The House Price Index indicated rising home prices in all 50 states
over the last 20 years. None of the states had a falling index during this period.
The median appreciation for all states during the last 20 years was 116%. The
average appreciation for the states over that time frame was 136%.
Historical data on the New Mexico House Price Index is available back to the first
quarter of 1975. The chart has been updated through the 2nd Quarter of 2009.
All calculations are based on the quarterly value of the House Price Index for
New Mexico. 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.)
Commentary 135
1st Quarter, 2009 Data: New Mexico
The appreciation of New Mexico Home Prices relative to the other fifty states is
detailed below. Five different time periods are reviewed. Each paragraph
identifies the top and bottom performers as well as the average and median
performance for all states during each time period.
Last Quarter:
During the 1st Quarter of 2009, New Mexico Home Prices had a rank of 42 with
appreciation of -0.56%. The top performer during the 1st Quarter was Michigan,
with appreciation of 2.44%. The worst performer during that period was Nevada
with appreciation of -1.92%.
The median appreciation for all states during the 1st Quarter was 0.06%. The
average appreciation for all states during the quarter was 0.09%.
Last Year:
During the last 12 months, New Mexico Home Prices had a rank of 29 with
appreciation during the year of -2.67%. The top performer during the last year
was North Dakota, with appreciation of 2.6%. The worst performer during that
period was Nevada with appreciation of -19.7%.
The median appreciation for all states during this period was -1.21%. The
average appreciation was -2.81%.
Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2009, New Mexico Home Prices
ranked 9 with a total appreciation of 40.0%. The top performer during the 5
year period was Hawaii, with appreciation of 51%. The worst performer during
that period was Michigan with appreciation of -4%.
The median appreciation for all states during this time period was 27%. The
average appreciation over the 5 years was 27%.
Last 10 Years:
During the 10 years ended in the 1st Quarter of 2009, New Mexico Home Prices
had a rank of 25 with appreciation during the decade of 67%. The top
performer during the period was Washington DC, with appreciation of 183%.
The worst performer during the 10 year time period was Michigan with
appreciation of 24%.
The median appreciation for all states during the last 10 years was 65%. The
average appreciation for the states over that time frame was 73%.
Last 20 Years:
During the 20 years ended in the 1st Quarter of 2009, New Mexico Home Prices
had a rank of 17 with total appreciation over the 20 year period of 151%. The
top performer during the period was Oregon, with appreciation of 305%. The
worst performer during the last 20 years was Connecticut with appreciation of
73%.
The median appreciation for all states during the last 20 years was 126%. The
average appreciation for the states over that time frame was 144%.
Historical data on the New Mexico House Price Index is available back to the 1st
Quarter, of 1975. The chart has been updated through the 1st Quarter of 2009.
All calculations are based on the quarterly value of the House Price Index for
New Mexico. 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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Appreciation Rankings: Home Prices by State
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