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Raleigh, NC - Home Price Appreciation Rate - 30 Year Graph
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Annual appreciation rates for Raleigh-Cary, NC 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
North Carolina Real Estate Forecast.
Raleigh Home Prices - Appreciation Rate
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1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010
Commentary 7676
1st Quarter, 2011 Data: Raleigh, North Carolina
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 Raleigh 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 Raleigh-Cary, NC, hereinafter referred to as "Raleigh".
Last Quarter:
During the 1st Quarter of 2011, Raleigh Home Prices had a rank of 119, with
appreciation of -1.36%. 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, Raleigh Home Prices had a rank of 163, with
appreciation during the year of -1.67%. 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, Raleigh Home Prices
ranked 86, with a total appreciation of 6.1%. 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, Raleigh Home Prices
had a rank of 246, with appreciation during the decade of 25%. 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, Raleigh Home Prices
had a rank of 169, with total appreciation over the 20 year period of 91%. 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 Raleigh Real Estate
Market is available back to the 4th Quarter, of 1978. 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 Raleigh. 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 6914
4th Quarter, 2010 Data: Raleigh, North Carolina
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 Raleigh 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 Raleigh-Cary, NC, hereinafter referred to as "Raleigh".
Last Quarter:
During the 4th Quarter of 2010, Raleigh Home Prices had a rank of 177, with
appreciation of -0.58%. 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, Raleigh Home Prices had a rank of 217, with
appreciation during the year of -1.55%. 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, Raleigh Home Prices
ranked 84, with a total appreciation of 8.9%. 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, Raleigh Home Prices
had a rank of 256, with appreciation during the decade of 29%. 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, Raleigh Home Prices
had a rank of 188, with total appreciation over the 20 year period of 94%. 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 Raleigh Real Estate
Market is available back to the 4th Quarter, of 1978. 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 Raleigh. 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 5771
Part 1: MARKET SUMMARY
3rd Quarter, 2010 Data: Raleigh, North Carolina
Historical Home Price Appreciation
Last Quarter 0.02%
Last Year -2.4%
Last 5 Years 11%
Last 10 Years 31%
Last 20 Years 95%
Decline From All Time High 4.47%
Annual Home Price Appreciation Rates
1980 7.98%
1981 -2.49%
1982 12.13%
1983 3.85%
1984 12.34%
1985 9.49%
1986 6.20%
1987 1.08%
1988 2.81%
1989 1.17%
1990 1.59%
1991 2.79%
1992 2.03%
1993 3.85%
1994 9.96%
1995 4.22%
1996 2.99%
1997 5.20%
1998 3.72%
1999 3.81%
2000 3.23%
2001 4.17%
2002 2.36%
2003 1.85%
2004 3.61%
2005 5.51%
2006 6.48%
2007 5.72%
2008 1.45%
2009 -2.81%
Real Estate Appreciation, Rank & Percentile
Last Quarter 0.02% Rank: 286 of 381 (25th Percentile)
Last Year . . . . . . . . . . . . . . . . -2.4% Rank: 255 of 381 (33rd Percentile)
Last 5 Years 11% Rank: 87 of 381 (77th Percentile)
Last 10 Years . . . . . . . . . . . . 31% Rank: 273 of 381 (28th Percentile)
Last 20 Years 95% Rank: 188 of 344 (45th Percentile)
Decline From All Time High 4.47%
Home Price appreciation rates for Raleigh-Cary, NC are shown above for five
time periods. For example: Raleigh appreciated 0.02% in the Last Quarter. At
that rate, the Raleigh Real Estate Market was ranked 286th out of 381
metropolitan areas for Real Estate Appreciation. Raleigh was in the 25th
percentile. So Raleigh, NC performed better in the Last Quarter than 25% of
the 381 metropolitan areas covered in ForecastChart.com.
Part 2: MARKET HIGHLIGHTS
3rd Quarter, 2010 Data: Raleigh, North Carolina
The data and analysis on this page pertains to Raleigh-Cary, NC, hereinafter
referred to as "Raleigh". The all time high in the Raleigh Home Price Index was
169.9 in the 1st Quarter, of 2009. The 3rd Quarter, 2010 index value was
162.3. That's a decline of 7.59 points or 4.47% below the Raleigh Home Price
Index all time high. The Home Price Index indicates that the Raleigh Market is
up 31% over the last 10 years. Home Prices in the Raleigh Real Estate Market
have lost 2.35% over the last 12 months. Over the last thirty years, it is up
221%.
The 3rd Quarter index value was 0.04 points higher than the 2nd Quarter, 2010
index value of 162.22, resulting in a 0.02% rise in the 3rd Quarter for the
Raleigh Market.
The Raleigh 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 Raleigh Real Estate Market
was 14% in the twelve months ended with the 2nd Quarter of 1979. The worst
annual home appreciation rate in the Raleigh Market was -4% in the twelve
months ended with the 1st Quarter of 2010.
The highest home appreciation in the Raleigh Real Estate Market over a three
year period was 42% in the three years ended with the 1st Quarter of 1981.
The worst home appreciation over a three year period in the Raleigh Market
was -2% in the three years ended with the 3rd Quarter of 2010.
This page provides a long term graph of the Raleigh Home Price Index (above).
The chart has been updated through the 3rd Quarter of 2010. For more
information about Raleigh Home Prices, look at the links under that chart. One
link opens a long term chart of historical appreciation rates for the Raleigh Real
Estate Market. Another opens a forecast for appreciation rates in the state of
North Carolina. 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 Raleigh Home Prices will be at your fingertips when you need
them.
Historical data on the Raleigh Home Price Index is available back to the 4th
Quarter, of 1978. All calculations are based on the quarterly value of the House
Price Index for the Raleigh 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 Raleigh 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: Raleigh, North Carolina
The appreciation of Raleigh 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 Raleigh-Cary, NC, hereinafter referred to as "Raleigh".
Last Quarter:
During the 3rd Quarter of 2010, Raleigh Home Prices had a rank of 286, with
appreciation of 0.02%. 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, Raleigh Home Prices had a rank of 255, with
appreciation during the year of -2.35%. 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, Raleigh Home Prices
ranked 87, with a total appreciation of 11.3%. 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, Raleigh Home Prices
had a rank of 273, with appreciation during the decade of 31%. 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, Raleigh Home Prices
had a rank of 188, with total appreciation over the 20 year period of 95%. 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 Raleigh Real Estate
Market is available back to the 4th Quarter, of 1978. 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 Raleigh. 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 5390
2nd Quarter, 2010 Data: Raleigh, North Carolina
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 Raleigh 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 Raleigh-Cary, NC, hereinafter referred to as "Raleigh".
Last Quarter:
During the 2nd Quarter of 2010, Raleigh Home Prices had a rank of 182, with
appreciation of -0.41%. 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, Raleigh Home Prices had a rank of 155, with
appreciation during the year of -3.19%. 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, Raleigh Home Prices
ranked 88, with a total appreciation of 13.0%. 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, Raleigh Home Prices
had a rank of 270, with appreciation during the decade of 32%. 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, Raleigh Home Prices
had a rank of 180, with total appreciation over the 20 year period of 96%. 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 Raleigh Real Estate
Market is available back to the 4th Quarter, of 1978. 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 Raleigh. 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 4628
1st Quarter, 2010 Data: Raleigh, North Carolina
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 Raleigh 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 Raleigh-Cary, NC, hereinafter referred to as "Raleigh".
Last Quarter:
During the 1st Quarter of 2010, Raleigh Home Prices had a rank of 193, with
appreciation of -1.35%. 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, Raleigh Home Prices had a rank of 156, with
appreciation during the year of -4.44%. 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, Raleigh Home Prices
ranked 108, with a total appreciation of 14.4%. 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, Raleigh Home Prices
had a rank of 271, with appreciation during the decade of 34%. 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, Raleigh Home Prices
had a rank of 198, with total appreciation over the 20 year period of 95%. 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 Raleigh Real Estate
Market is available back to the 4th Quarter, of 1978. 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 Raleigh. 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 3866
4th Quarter, 2009 Data: Raleigh, North Carolina
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 Raleigh 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 Raleigh-Cary, NC, hereinafter referred to as "Raleigh".
Last Quarter:
During the 4th Quarter of 2009, Raleigh Home Prices had a rank of 249, with
appreciation of -1.35%. 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, Raleigh Home Prices had a rank of 217, with
appreciation during the year of -3.57%. 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, Raleigh Home Prices
ranked 119, with a total appreciation of 16.8%. 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, Raleigh Home Prices
had a rank of 281, with appreciation during the decade of 36%. 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, Raleigh Home Prices
had a rank of 190, with total appreciation over the 20 year period of 101%. 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 Raleigh Real Estate Market is
available back to the 4th Quarter, of 1978. 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 Raleigh. 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 3104
3rd Quarter, 2009 Data: Raleigh, North Carolina
The appreciation of Raleigh 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
Raleigh-Cary, NC, hereinafter referred to as "Raleigh".
Last Quarter:
During the 3rd Quarter of 2009, Raleigh Home Prices had a rank of 133, with
appreciation of -0.93%. 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, Raleigh Home Prices had a rank of 225, with
appreciation during the year of -2.77%. 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, Raleigh Home Prices
ranked 123, with a total appreciation of 19.7%. 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, Raleigh Home Prices
had a rank of 278, with appreciation during the decade of 39%. 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, Raleigh Home Prices
had a rank of 199, with total appreciation over the 20 year period of 102%. 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 Raleigh Home Price Index is available back to the 4th
Quarter, of 1978. 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 Raleigh. 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 1961
2nd Quarter, 2009 Data: Raleigh, North Carolina
The appreciation of Raleigh 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
Raleigh-Cary, NC, hereinafter referred to as "Raleigh".
Last Quarter:
During the 2nd Quarter of 2009, Raleigh Home Prices had a rank of 181, with
appreciation of -1.62%. 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, Raleigh Home Prices had a rank of 169, with
appreciation during the year of -1.30%. 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, Raleigh Home Prices
ranked 147, with a total appreciation of 21.9%. 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, Raleigh Home Prices
had a rank of 282, with appreciation during the decade of 41%. 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, Raleigh Home Prices
had a rank of 206, with total appreciation over the 20 year period of 107%. 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 Raleigh Home Price Index is available back to the 2nd
Quarter, of 1978. 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 Raleigh. 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 818
1st Quarter, 2009 Data: Raleigh, North Carolina
The appreciation of Raleigh 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
Raleigh-Cary, NC, hereinafter referred to as "Raleigh".
Last Quarter:
During the 1st Quarter of 2009, Raleigh Home Prices had a rank of 287, with
appreciation of -0.72%. 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, Raleigh Home Prices had a rank of 88, with
appreciation during the year of 1.16%. 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, Raleigh Home Prices
ranked 160, with a total appreciation of 25.2%. 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, Raleigh Home Prices
had a rank of 265, with appreciation during the decade of 45%. 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, Raleigh Home Prices
had a rank of 209, with total appreciation over the 20 year period of 110%. 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 Raleigh Home Price Index is available back to the 2nd
Quarter, of 1978. 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
Raleigh. 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: Raleigh Home Prices