Albany, NY - House Price Index (HPI)
Albany Real Estate Market Forecast
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The House Price Index (HPI) shows changes in Albany-Schenectady-Troy, NY single family home
prices in
logarithmic scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis,
statistics and appreciation rates are provided below.
10
Albany Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  205.56
4th Quarter, 2017 Housing Statistics: Albany, New York


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      75%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Albany housing market for the 12
months ending with the 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Albany is 75%. In other words, when tested against historical
data, the forecasting methodology was correct 75% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Albany is 75% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 4th Quarter of 2018 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the Albany Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      72%

The forecast for the trend in the Albany housing market for the 3 years ending
with the 4th Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Albany is 72%. In other words, when tested against historical data, the
forecasting methodology was correct 72% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Albany is 72% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 4th Quarter of 2020 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the Albany Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Albany, New York


Historical Home Price Appreciation
Last Quarter                                     0.96%
Last Year . . . . . . . . . . . . . . . . . . . .  4.0%
Last 5 Years                                     9%
Last 10 Years . . . . . . . . . . . . . . . . . 4%
Last 20 Years                                   100%



Annual Home Price Appreciation Rates
1988      9.91%
1989      3.98%
1990      1.02%
1991      1.14%
1992      1.87%
1993      -0.45%
1994      -4.22%
1995      -0.52%
1996      -2.77%
1997      1.49%
1998      2.42%
1999      -0.57%
2000      4.74%
2001      6.33%
2002      8.36%
2003      10.95%
2004      14.59%
2005      13.64%
2006      5.95%
2007      2.18%
2008      -1.71%
2009      -1.61%
2010      0.50%
2011      -0.99%
2012      -0.88%
2013      -0.55%
2014      0.83%
2015      1.34%
2016      3.32%
2017      3.96%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.96%         Rank: 173 of 381 (54th Percentile)
Last Year  . . . . . . . . . . . . . . . .  4.0%           Rank: 258 of 381 (32nd Percentile)
Last 5 Years                              9%              Rank: 311 of 381 (18th Percentile)
Last 10 Years  . . . . . . . . . . . .   4%              Rank: 220 of 381 (42nd Percentile)
Last 20 Years                            100%          Rank: 123 of 379 (67th Percentile)


The change in home prices for Albany-Schenectady-Troy, NY are shown above
for five time periods. For example: Albany appreciated 0.96% in the Last
Quarter. At that rate, the Albany Real Estate Market was ranked 173rd out of
381 metropolitan Real Estate Markets. Albany was in the 54th percentile. So
Albany, NY performed better in the Last Quarter than 54% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Albany, New York

The data and analysis on this page pertains to Albany-Schenectady-Troy, NY,
hereinafter referred to as "Albany". The all time high in the Albany Home Price
Index was 201.8 in the 4th Quarter, of 2017.  The Home Price Index indicates
that the Albany Market is up 4% over the last 10 years. Home prices in the
Albany Real Estate Market have gained 3.96% over the last 12 months. Over
the last thirty years, it is up 123%.

The 4th Quarter index value was 1.91 points higher than the 3rd Quarter, 2017
index value of 199.93, resulting in a 0.96% rise in the 4th Quarter for the
Albany Market.

The Albany Home Price Index has increased for the last 9 consecutive quarters.
The current record holders for consecutive increases in the Home Price Index
are Phoenix, AZ; Houston, TX and Boise City, ID, with increases in the last 26
consecutive quarters. The current record holders for consecutive declines in
the Home Price Index are Victoria, TX; Topeka, KS; Texarkana, TX-AR;
Springfield, MA and Peoria, IL, with declines in the last 2 consecutive quarters.

The highest annual change in the value of houses in the Albany Real Estate
Market was 28% in the twelve months ended with the 4th Quarter of 1986. The
worst annual change in home values  in the Albany Market was -7% in the
twelve months ended with the 1st Quarter of 1995.

The highest growth in home values in the Albany Real Estate Market over a
three year period was 66% in the three years ended with the 1st Quarter of
1988. The worst performance over a three year period in the Albany Market
was -7% in the three years ended with the 4th Quarter of 1996.

This page provides a long term graph of the Albany Home Price Index (above).
For information about New York home values, click Real Estate Market
Forecasts in the navigation bar at the top of this page.  You'll see long term
charts and analysis that will provide tremendous insight into the historical trends
of residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Albany Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Albany Market. The terms House Price Index and Home Price Index, as used
in this site, refer to the Federal Housing Finance Agency (FHFA) House Price
Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Albany Real Estate Market and hundreds of
other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
4th Quarter, 2017 Housing Data: Albany, New York

The trend of Albany 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 Albany-Schenectady-Troy, NY, hereinafter referred to as "Albany".

Last Quarter:
During the 4th Quarter of 2017, Albany Home Prices had a rank of 173, with
appreciation of 0.96%. The top performing real estate market during the 4th
Quarter was Gadsden, AL, with a rise of 13.11%. The worst market during that
period was Hinesville, GA, with appreciation of -6.79%.
The median for all cities during the 4th Quarter was 0.75%. The average for all
markets during the quarter was 0.69%.

Last Year:
During the last 12 months, Albany Home Prices had a rank of 258, with
appreciation during the year of 3.96%. The top performing market during the
last year was Sebastian, FL, with an increase of 16.4%. The worst real estate
market during that period was Goldsboro, NC, with appreciation of -6.9%.
The median for all markets during this period was 5.37%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2017, Albany Home Prices
ranked 311, with a total appreciation of 9.1%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 94%.
The worst market during that period was Goldsboro, NC, with appreciation of
-5%.
The median for all cities during this time period was 19%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2017, Albany Home Prices had
a rank of 220, with appreciation during the decade of 4%. The top performing
market during the period was Denver, CO, with a rise of 65%. The worst real
estate market during the 10 year time period was Atlantic City, NJ, with
appreciation of -27%.
The median for all markets during the last 10 years was 7%. The average for
the cities over that time frame was 8%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2017, Albany Home Prices had
a rank of 123, with total growth over the 20 year period of 100%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 280%. The worst market during the last 20 years was Saginaw, MI,
with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Albany Real Estate
Market is available back to the 2nd Quarter, of 1980. All calculations are based
on the quarterly value of the House Price Index for Albany. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Wednesday, March 7, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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