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New York, NY - Home Price Appreciation Rate - 32 Year Graph
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Annual appreciation rates for New York-White Plains-Wayne, NY-NJ single family home prices are
shown in the graph above. Source: House Price Index (HPI). Updated Tuesday, April 19, 2011. Click
the link below for the New York Real Estate Forecast.
New York Home Prices - Appreciation Rate
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1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010

Commentary 7636
1st Quarter, 2011 Data: New York, New York
Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.
The appreciation of New York 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 New York-White Plains-Wayne, NY-NJ, hereinafter referred to as "New York".
Last Quarter:
During the 1st Quarter of 2011, New York Home Prices had a rank of 82, with
appreciation of -0.93%. The top performing real estate market during the 1st
Quarter was Mansfield, OH, with appreciation of 2.31%. The worst market
during that period was Boise City, ID, with appreciation of -8.86%.
The median appreciation for all cities during the 1st Quarter was -2.24%. The
average appreciation for all markets during the quarter was -2.29%.
Last Year:
During the last 12 months, New York Home Prices had a rank of 116, with
appreciation during the year of -1.02%. The top performing market during the
last year was Midland, TX, with appreciation of 4.5%. The worst real estate
market during that period was Boise City, ID, with appreciation of -15.2%.
The median appreciation for all markets during this period was -2.13%. The
average appreciation was -2.64%.
Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2011, New York Home Prices
ranked 262, with a total appreciation of -11.2%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 42%. The
worst market during that period was Merced, CA, with appreciation of -62%.
The median appreciation for all cities during this time period was -2%. The
average appreciation over the 5 years was -7%.
Last 10 Years:
During the 10 years ended in the 1st Quarter of 2011, New York Home Prices
had a rank of 22, with appreciation during the decade of 63%. The top
performing market during the period was Midland, TX, with appreciation of 94%.
The worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -26%.
The median appreciation for all markets during the last 10 years was 30%. The
average appreciation for the cities over that time frame was 31%.
Last 20 Years:
During the 20 years ended in the 1st Quarter of 2011, New York Home Prices
had a rank of 46, with total appreciation over the 20 year period of 132%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 244%. The worst market during the last 20 years was Merced,
CA, with appreciation of 14%.
The median appreciation for all cities during the last 20 years was 90%. The
average appreciation for the markets over that time frame was 94%.
Historical research data on the Home Price Index for the New York Real Estate
Market is available back to the 1st Quarter, of 1976. 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 York. 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 6874
4th Quarter, 2010 Data: New York, New York
Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.
The appreciation of New York 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 New York-White Plains-Wayne, NY-NJ, hereinafter referred to as "New York".
Last Quarter:
During the 4th Quarter of 2010, New York Home Prices had a rank of 122, with
appreciation of -0.18%. The top performing real estate market during the 4th
Quarter was Cape Coral, FL, with appreciation of 4.62%. The worst market
during that period was Sebastian, FL, with appreciation of -6.82%.
The median appreciation for all cities during the 4th Quarter was -0.68%. The
average appreciation for all markets during the quarter was -0.69%.
Last Year:
During the last 12 months, New York Home Prices had a rank of 184, with
appreciation during the year of -0.97%. The top performing market during the
last year was Bay City, MI, with appreciation of 6.1%. The worst real estate
market during that period was Reno, NV, with appreciation of -10.3%.
The median appreciation for all markets during this period was -1.13%. The
average appreciation was -1.71%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2010, New York Home Prices
ranked 264, with a total appreciation of -8.3%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 44%. The
worst market during that period was Merced, CA, with appreciation of -60%.
The median appreciation for all cities during this time period was 1%. The
average appreciation over the 5 years was -4%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2010, New York Home Prices
had a rank of 21, with appreciation during the decade of 69%. The top
performing market during the period was Honolulu, HI, with appreciation of
100%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -22%.
The median appreciation for all markets during the last 10 years was 37%. The
average appreciation for the cities over that time frame was 38%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2010, New York Home Prices
had a rank of 58, with total appreciation over the 20 year period of 133%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 245%. The worst market during the last 20 years was Merced,
CA, with appreciation of 14%.
The median appreciation for all cities during the last 20 years was 97%. The
average appreciation for the markets over that time frame was 101%.
Historical research data on the Home Price Index for the New York Real Estate
Market is available back to the 1st Quarter, of 1976. 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 York. 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 5731
Part 1: MARKET SUMMARY
3rd Quarter, 2010 Data: New York, New York
Historical Home Price Appreciation
Last Quarter 0.24%
Last Year -1.7%
Last 5 Years -5%
Last 10 Years 73%
Last 20 Years 128%
Decline From All Time High 12.89%
Annual Home Price Appreciation Rates
1980 9.60%
1981 10.63%
1982 5.35%
1983 15.12%
1984 18.89%
1985 20.08%
1986 24.99%
1987 17.41%
1988 3.56%
1989 -0.06%
1990 -6.29%
1991 -1.15%
1992 1.48%
1993 0.82%
1994 -3.09%
1995 3.43%
1996 0.91%
1997 3.96%
1998 5.64%
1999 10.01%
2000 11.35%
2001 10.82%
2002 12.38%
2003 11.57%
2004 15.18%
2005 15.37%
2006 4.95%
2007 -0.63%
2008 -6.02%
2009 -5.25%
Real Estate Appreciation, Rank & Percentile
Last Quarter 0.24% Rank: 262 of 381 (31st Percentile)
Last Year . . . . . . . . . . . . . . . . -1.7% Rank: 219 of 381 (42nd Percentile)
Last 5 Years -5% Rank: 263 of 381 (31st Percentile)
Last 10 Years . . . . . . . . . . . . 73% Rank: 22 of 381 (94th Percentile)
Last 20 Years 128% Rank: 62 of 344 (82nd Percentile)
Decline From All Time High 12.89%
Home Price appreciation rates for New York-White Plains-Wayne, NY-NJ are
shown above for five time periods. For example: New York appreciated 0.24% in
the Last Quarter. At that rate, the New York Real Estate Market was ranked
262nd out of 381 metropolitan areas for Real Estate Appreciation. New York
was in the 31st percentile. So New York, NY performed better in the Last
Quarter than 31% of the 381 metropolitan areas covered in ForecastChart.com.
Part 2: MARKET HIGHLIGHTS
3rd Quarter, 2010 Data: New York, New York
The data and analysis on this page pertains to New York-White Plains-Wayne,
NY-NJ, hereinafter referred to as "New York". The all time high in the New York
Home Price Index was 272.8 in the 1st Quarter, of 2007. The 3rd Quarter, 2010
index value was 237.7. That's a decline of 35.16 points or 12.89% below the
New York Home Price Index all time high. The Home Price Index indicates that
the New York Market is up 73% over the last 10 years. Home Prices in the New
York Real Estate Market have lost 1.73% over the last 12 months. Over the last
thirty years, it is up 537%.
The 3rd Quarter index value was 0.56 points higher than the 2nd Quarter, 2010
index value of 237.09, resulting in a 0.24% rise in the 3rd Quarter for the New
York Market.
The New York Home Price Index increased in the last quarter after falling in the
previous 5 quarters. The current record holders for consecutive increases in
the Home Price Index are Shreveport, LA; San Jose, CA; Oakland, CA;
Kennewick, WA and Cambridge, MA, with increases in the last 4 consecutive
quarters. The current record holder for consecutive declines in the Home Price
Index is Las Vegas, NV, with declines in the last 15 consecutive quarters.
The highest annual home appreciation rate in the New York Real Estate Market
was 25% in the twelve months ended with the 3rd Quarter of 1986. The worst
annual home appreciation rate in the New York Market was -6% in the twelve
months ended with the 4th Quarter of 1990.
The highest home appreciation in the New York Real Estate Market over a
three year period was 82% in the three years ended with the 1st Quarter of
1987. The worst home appreciation over a three year period in the New York
Market was -13% in the three years ended with the 2nd Quarter of 2010.
This page provides a long term graph of the New York Home Price Index
(above). The chart has been updated through the 3rd Quarter of 2010. For
more information about New York Home Prices, look at the links under that
chart. One link opens a long term chart of historical appreciation rates for the
New York Real Estate Market. Another opens a forecast for appreciation rates
in the state of New York. Just one glance at ForecastChart.com's long term
charts can provide tremendous insight into the historical trends of residential
property values. Bookmark this page! Then ForecastChart.com's detailed
research and statistics about New York Home Prices will be at your fingertips
when you need them.
Historical data on the New York Home Price Index is available back to the 1st
Quarter, of 1976. All calculations are based on the quarterly value of the House
Price Index for the New York 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 is time required to research quarterly sales price and appraisal data
from mortgage transactions in the New York 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 3: APPRECIATION RATES & RANKINGS
3rd Quarter, 2010 Data: New York, New York
The appreciation of New York 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 New York-White Plains-Wayne, NY-NJ, hereinafter referred to as "New York".
Last Quarter:
During the 3rd Quarter of 2010, New York Home Prices had a rank of 262, with
appreciation of 0.24%. The top performing real estate market during the 3rd
Quarter was Laredo, TX, with appreciation of 13.94%. The worst market during
that period was Coeur d'Alene, ID, with appreciation of -4.45%.
The median appreciation for all cities during the 3rd Quarter was 0.66%. The
average appreciation for all markets during the quarter was 0.74%.
Last Year:
During the last 12 months, New York Home Prices had a rank of 219, with
appreciation during the year of -1.73%. The top performing market during the
last year was Laredo, TX, with appreciation of 9.5%. The worst real estate
market during that period was Deltona, FL, with appreciation of -15.7%.
The median appreciation for all markets during this period was -1.17%. The
average appreciation was -1.91%.
Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2010, New York Home Prices
ranked 263, with a total appreciation of -5.0%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 50%. The
worst market during that period was Merced, CA, with appreciation of -58%.
The median appreciation for all cities during this time period was 4%. The
average appreciation over the 5 years was -1%.
Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2010, New York Home Prices
had a rank of 22, with appreciation during the decade of 73%. The top
performing market during the period was Honolulu, HI, with appreciation of
103%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -21%.
The median appreciation for all markets during the last 10 years was 41%. The
average appreciation for the cities over that time frame was 41%.
Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2010, New York Home Prices
had a rank of 62, with total appreciation over the 20 year period of 128%. The
top performing real estate market during the period was Missoula, MT, with
appreciation of 265%. The worst market during the last 20 years was Merced,
CA, with appreciation of 17%.
The median appreciation for all cities during the last 20 years was 97%. The
average appreciation for the markets over that time frame was 103%.
Historical research data on the Home Price Index for the New York Real Estate
Market is available back to the 1st Quarter, of 1976. 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 York. 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 4: 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) 0.3% (2011-Q4)
30 Year Mortgage Interest Rate: 4.34% (December, 2011)
15 Year Mortgage Rate: 3.86% (December, 2011)
Adjustable Rate Mortgage Rate: 3.40% (December, 2011)
Housing Starts (SSAR in 1000's): 523 (December, 2011)
Prime Interest Rate: 3.25% (December, 2011)
US unemployment rate (Overall): 9.93% (December, 2011)
US Inflation or Deflation (-): 1.08% (December, 2011)
Crude Oil Prices (Dollars per Barrel): $100.3 (December, 2011)
Natural Gas Prices (Dollars Per Million BTU): $2.90 (December, 2011)
U.S. Dollar Trade Weighted Currency Exchange Index: 104 (December, 2011)
GDP (Gross Domestic Product) SSAR in Trillions: $15.4 (2011-Q3)
GNP (Gross National Product) SSAR in Trillions: $15.3 (2011-Q3)
Federal Surplus or Deficit (-) in Billions: $-1704 (2011)
National Debt (Trillions): $15.0 (2011-Q3)
Fed Funds Rate: 0.19% (December, 2011)
S&P 500 (Standard & Poor's 500 Stock Index): 1191 (December, 2011)
DJIA (Dow Jones Industrial Average): 11102 (December, 2011)
U. S. Exports (SSAR in Billions): $1975 (2011-Q3)
U. S. Imports (SSAR in Billions): $2572 (2011-Q3)
U. S. Personal Savings Rate: 5.80% (December, 2011)
Commentary 5350
2nd Quarter, 2010 Data: New York, New York
Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.
The appreciation of New York 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 New York-White Plains-Wayne, NY-NJ, hereinafter referred to as "New York".
Last Quarter:
During the 2nd Quarter of 2010, New York Home Prices had a rank of 207, with
appreciation of -0.60%. The top performing real estate market during the 2nd
Quarter was Cumberland, MD, with appreciation of 8.36%. The worst market
during that period was Ocala, FL, with appreciation of -9.09%.
The median appreciation for all cities during the 2nd Quarter was -0.47%. The
average appreciation for all markets during the quarter was -0.61%.
Last Year:
During the last 12 months, New York Home Prices had a rank of 218, with
appreciation during the year of -4.61%. The top performing market during the
last year was Lawton, OK, with appreciation of 4.9%. The worst real estate
market during that period was Bend, OR, with appreciation of -18.6%.
The median appreciation for all markets during this period was -3.88%. The
average appreciation was -4.53%.
Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2010, New York Home Prices
ranked 256, with a total appreciation of -1.8%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 56%. The
worst market during that period was Merced, CA, with appreciation of -57%.
The median appreciation for all cities during this time period was 6%. The
average appreciation over the 5 years was 1%.
Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2010, New York Home Prices
had a rank of 21, with appreciation during the decade of 78%. The top
performing market during the period was Ocean City, NJ, with appreciation of
108%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -20%.
The median appreciation for all markets during the last 10 years was 41%. The
average appreciation for the cities over that time frame was 42%.
Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2010, New York Home Prices
had a rank of 64, with total appreciation over the 20 year period of 126%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 256%. The worst market during the last 20 years was Merced,
CA, with appreciation of 18%.
The median appreciation for all cities during the last 20 years was 98%. The
average appreciation for the markets over that time frame was 103%.
Historical research data on the Home Price Index for the New York Real Estate
Market is available back to the 1st Quarter, of 1976. 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 York. 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 4588
1st Quarter, 2010 Data: New York, New York
Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.
The appreciation of New York 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 New York-White Plains-Wayne, NY-NJ, hereinafter referred to as "New York".
Last Quarter:
During the 1st Quarter of 2010, New York Home Prices had a rank of 151, with
appreciation of -1.01%. The top performing real estate market during the 1st
Quarter was Punta Gorda, FL, with appreciation of 2.90%. The worst market
during that period was Gainesville, GA, with appreciation of -7.15%.
The median appreciation for all cities during the 1st Quarter was -1.32%. The
average appreciation for all markets during the quarter was -1.49%.
Last Year:
During the last 12 months, New York Home Prices had a rank of 235, with
appreciation during the year of -6.46%. The top performing market during the
last year was Pine Bluff, AR, with appreciation of 2.5%. The worst real estate
market during that period was Bend, OR, with appreciation of -23.0%.
The median appreciation for all markets during this period was -5.11%. The
average appreciation was -5.97%.
Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2010, New York Home Prices
ranked 230, with a total appreciation of 3.3%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 57%. The
worst market during that period was Merced, CA, with appreciation of -49%.
The median appreciation for all cities during this time period was 8%. The
average appreciation over the 5 years was 5%.
Last 10 Years:
During the 10 years ended in the 1st Quarter of 2010, New York Home Prices
had a rank of 18, with appreciation during the decade of 84%. The top
performing market during the period was Ocean City, NJ, with appreciation of
111%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -17%.
The median appreciation for all markets during the last 10 years was 44%. The
average appreciation for the cities over that time frame was 45%.
Last 20 Years:
During the 20 years ended in the 1st Quarter of 2010, New York Home Prices
had a rank of 84, with total appreciation over the 20 year period of 123%. The
top performing real estate market during the period was Missoula, MT, with
appreciation of 269%. The worst market during the last 20 years was Modesto,
CA, with appreciation of 28%.
The median appreciation for all cities during the last 20 years was 100%. The
average appreciation for the markets over that time frame was 107%.
Historical research data on the Home Price Index for the New York Real Estate
Market is available back to the 1st Quarter, of 1976. 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 York. 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 3826
4th Quarter, 2009 Data: New York, New York
Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.
The appreciation of New York 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 New York-White Plains-Wayne, NY-NJ, hereinafter referred to as "New York".
Last Quarter:
During the 4th Quarter of 2009, New York Home Prices had a rank of 221, with
appreciation of -1.07%. The top performing real estate market during the 4th
Quarter was Laredo, TX, with appreciation of 7.71%. The worst market during
that period was Naples, FL, with appreciation of -8.03%.
The median appreciation for all cities during the 4th Quarter was -0.78%. The
average appreciation for all markets during the quarter was -0.92%.
Last Year:
During the last 12 months, New York Home Prices had a rank of 273, with
appreciation during the year of -5.83%. The top performing market during the
last year was Weirton, OH, with appreciation of 6.8%. The worst real estate
market during that period was Bend, OR, with appreciation of -20.6%.
The median appreciation for all markets during this period was -2.75%. The
average appreciation was -3.89%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2009, New York Home Prices
ranked 223, with a total appreciation of 7.3%. The top performing real estate
market during the 5 year period was Odessa, TX, with appreciation of 65%. The
worst market during that period was Merced, CA, with appreciation of -46%.
The median appreciation for all cities during this time period was 11%. The
average appreciation over the 5 years was 8%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2009, New York Home Prices
had a rank of 15, with appreciation during the decade of 91%. The top
performing market during the period was Ocean City, NJ, with appreciation of
123%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -14%.
The median appreciation for all markets during the last 10 years was 48%. The
average appreciation for the cities over that time frame was 50%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2009, New York Home Prices
had a rank of 107, with total appreciation over the 20 year period of 121%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 269%. The worst market during the last 20 years was Stockton,
CA, with appreciation of 35%.
The median appreciation for all cities during the last 20 years was 104%. The
average appreciation for the markets over that time frame was 112%.
Historical data on the Home Price Index for the New York Real Estate Market is
available back to the 1st Quarter, of 1976. 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 York. 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 3064
3rd Quarter, 2009 Data: New York, New York
The appreciation of New York 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 performers as well as the average and median performance for all cities
during each time period. The following data and analysis pertain to New
York-White Plains-Wayne, NY-NJ, hereinafter referred to as "New York".
Last Quarter:
During the 3rd Quarter of 2009, New York Home Prices had a rank of 263, with
appreciation of -2.46%. The top performer during the 3rd Quarter was
Hinesville, GA, with appreciation of 7.17%. The worst performer during that
period was Las Vegas, NV, with appreciation of -8.45%.
The median appreciation for all cities during the 3rd Quarter was -1.60%. The
average appreciation for all cities during the quarter was -1.74%.
Last Year:
During the last 12 months, New York Home Prices had a rank of 273, with
appreciation during the year of -5.56%. The top performer during the last year
was Wichita Falls, TX, with appreciation of 6.0%. The worst performer during
that period was El Centro, CA, with appreciation of -24.5%.
The median appreciation for all cities during this period was -1.89%. The
average appreciation was -3.28%.
Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2009, New York Home Prices
ranked 223, with a total appreciation of 11.2%. The top performer during the 5
year period was Midland, TX, with appreciation of 72%. The worst performer
during that period was Merced, CA, with appreciation of -46%.
The median appreciation for all cities during this time period was 13%. The
average appreciation over the 5 years was 12%.
Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2009, New York Home Prices
had a rank of 14, with appreciation during the decade of 98%. The top
performer during the period was Ocean City, NJ, with appreciation of 135%. The
worst performer during the 10 year time period was Detroit, MI, with
appreciation of -10%.
The median appreciation for all cities during the last 10 years was 51%. The
average appreciation for the cities over that time frame was 52%.
Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2009, New York Home Prices
had a rank of 107, with total appreciation over the 20 year period of 125%. The
top performer during the period was Missoula, MT, with appreciation of 290%.
The worst performer during the last 20 years was Merced, CA, with appreciation
of 39%.
The median appreciation for all cities during the last 20 years was 108%. The
average appreciation for the cities over that time frame was 116%.
Historical data on the New York Home Price Index is available back to the 1st
Quarter, of 1976. 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 York. 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 1921
2nd Quarter, 2009 Data: New York, New York
The appreciation of New York 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 performers as well as the average and median performance for all cities
during each time period. The following data and analysis pertain to New
York-White Plains-Wayne, NY-NJ, hereinafter referred to as "New York".
Last Quarter:
During the 2nd Quarter of 2009, New York Home Prices had a rank of 245, with
appreciation of -2.63%. The top performer during the 2nd Quarter was Pine
Bluff, AR, with appreciation of 3.15%. The worst performer during that period
was Madera, CA, with appreciation of -10.24%.
The median appreciation for all cities during the 2nd Quarter was -1.74%. The
average appreciation for all cities during the quarter was -2.05%.
Last Year:
During the last 12 months, New York Home Prices had a rank of 287, with
appreciation during the year of -6.27%. The top performer during the last year
was Elmira, NY, with appreciation of 4.5%. The worst performer during that
period was Merced, CA, with appreciation of -27.1%.
The median appreciation for all cities during this period was -1.83%. The
average appreciation was -3.91%.
Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2009, New York Home Prices
ranked 149, with a total appreciation of 21.8%. The top performer during the 5
year period was Odessa, TX, with appreciation of 74%. The worst performer
during that period was Merced, CA, with appreciation of -36%.
The median appreciation for all cities during this time period was 17%. The
average appreciation over the 5 years was 17%.
Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2009, New York Home Prices
had a rank of 7, with appreciation during the decade of 111%. The top
performer during the period was Ocean City, NJ, with appreciation of 146%. The
worst performer during the 10 year time period was Detroit, MI, with
appreciation of -2%.
The median appreciation for all cities during the last 10 years was 54%. The
average appreciation for the cities over that time frame was 57%.
Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2009, New York Home Prices
had a rank of 113, with total appreciation over the 20 year period of 131%. The
top performer during the period was Missoula, MT, with appreciation of 296%.
The worst performer during the last 20 years was Rochester, NY, with
appreciation of 47%.
The median appreciation for all cities during the last 20 years was 115%. The
average appreciation for the cities over that time frame was 126%.
Historical data on the New York Home Price Index is available back to the 2nd
Quarter, of 1976. 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 York. 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 778
1st Quarter, 2009 Data: New York, New York
The appreciation of New York 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 performers as well as the average and median performance for all cities
during each time period. The following data and analysis pertain to New
York-White Plains-Wayne, NY-NJ, hereinafter referred to as "New York".
Last Quarter:
During the 1st Quarter of 2009, New York Home Prices had a rank of 308, with
appreciation of -1.06%. The top performer during the 1st Quarter was Monroe,
MI, with appreciation of 10.96%. The worst performer during that period was
Port St. Lucie, FL, with appreciation of -6.30%.
The median appreciation for all cities during the 1st Quarter was 0.27%. The
average appreciation for all cities during the quarter was 0.41%.
Last Year:
During the last 12 months, New York Home Prices had a rank of 294, with
appreciation during the year of -5.64%. The top performer during the last year
was Elmira, NY, with appreciation of 9.3%. The worst performer during that
period was Merced, CA, with appreciation of -37.8%.
The median appreciation for all cities during this period was -1.04%. The
average appreciation was -3.47%.
Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2009, New York Home Prices
ranked 124, with a total appreciation of 30.0%. The top performer during the 5
year period was Odessa, TX, with appreciation of 76%. The worst performer
during that period was Merced, CA, with appreciation of -29%.
The median appreciation for all cities during this time period was 22%. The
average appreciation over the 5 years was 23%.
Last 10 Years:
During the 10 years ended in the 1st Quarter of 2009, New York Home Prices
had a rank of 5, with appreciation during the decade of 122%. The top
performer during the period was Ocean City, NJ, with appreciation of 162%. The
worst performer during the 10 year time period was Detroit, MI, with
appreciation of 6%.
The median appreciation for all cities during the last 10 years was 57%. The
average appreciation for the cities over that time frame was 62%.
Last 20 Years:
During the 20 years ended in the 1st Quarter of 2009, New York Home Prices
had a rank of 126, with total appreciation over the 20 year period of 136%. The
top performer during the period was Casper, WY, with appreciation of 327%.
The worst performer during the last 20 years was Rochester, NY, with
appreciation of 49%.
The median appreciation for all cities during the last 20 years was 123%. The
average appreciation for the cities over that time frame was 135%.
Historical data on the New York Home Price Index is available back to the 1st
Quarter, of 1976. 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 York. 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: New York Home Prices