Glens Falls, NY - House Price Index (HPI)
Glens Falls Real Estate Market Forecast
The House Price Index (HPI) shows changes in Glens Falls, 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.
Glens Falls Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  26956
2nd Quarter, 2017 Housing Statistics: Glens Falls, New York


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      58%

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 Glens Falls housing market for the 12
months ending with the 2nd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Glens Falls is 58%. In other words, when tested against historical
data, the forecasting methodology was correct 58% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Glens Falls is 58% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 2nd Quarter of 2018 than they were in the 2nd
Quarter of 2017. Check this page each quarter for updates to the Glens Falls
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      60%

The forecast for the trend in the Glens Falls housing market for the 3 years
ending with the 2nd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Glens Falls is 60%. In other words, when tested against historical
data, the forecasting methodology was correct 60% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Glens Falls is 60% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 2nd Quarter of 2020 than they were in the 2nd
Quarter of 2017. Check this page each quarter for updates to the Glens Falls
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2017 Housing Data: Glens Falls, New York


Historical Home Price Appreciation
Last Quarter                                     -0.91%
Last Year . . . . . . . . . . . . . . . . . . . .  3.7%
Last 5 Years                                     7%
Last 10 Years . . . . . . . . . . . . . . . . . -1%
Last 20 Years                                   105%
Decline From All Time High               3.85%


Annual Home Price Appreciation Rates
1987        n/a
1988        n/a
1989        n/a
1990        n/a
1991        n/a
1992      0.81%
1993      -0.23%
1994      -6.55%
1995      7.20%
1996      -7.86%
1997      5.61%
1998      -0.14%
1999      3.83%
2000      2.42%
2001      5.37%
2002      9.60%
2003      11.35%
2004      14.84%
2005      15.32%
2006      7.76%
2007      3.37%
2008      0.32%
2009      -5.33%
2010      0.62%
2011      -3.54%
2012      -0.01%
2013      0.78%
2014      1.84%
2015      -0.14%
2016      -0.37%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.91%        Rank: 355 of 381 (6th Percentile)
Last Year  . . . . . . . . . . . . . . . .  3.7%           Rank: 256 of 381 (32nd Percentile)
Last 5 Years                              7%              Rank: 336 of 381 (11th Percentile)
Last 10 Years  . . . . . . . . . . . .   -1%            Rank: 244 of 381 (36th Percentile)
Last 20 Years                            105%          Rank: 108 of 379 (71st Percentile)
Decline From All Time High        3.85%

The change in home prices for Glens Falls, NY are shown above for five time
periods. For example: Glens Falls appreciated -0.91% in the Last Quarter. At
that rate, the Glens Falls Real Estate Market was ranked 355th out of 381
metropolitan Real Estate Markets. Glens Falls was in the 6th percentile. So
Glens Falls, NY performed better in the Last Quarter than 6% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2017 Housing Statistics: Glens Falls, New York

The all time high in the Glens Falls Home Price Index was 202.4 in the 1st
Quarter, of 2008. The 2nd Quarter, 2017 index value was 194.6. That's a
decline of 7.80 points or 3.85% below the Glens Falls Home Price Index all time
high.  The Home Price Index indicates that the Glens Falls Market is down 1%
over the last 10 years. Home prices in the Glens Falls Real Estate Market have
gained 3.67% over the last 12 months.

The 2nd Quarter index value was 1.78 points lower than the 1st Quarter, 2017
index value of 196.38, resulting in a 0.91% decline for the 2nd Quarter in the
Glens Falls Market.

The Glens Falls Home Price Index declined in the last quarter after increasing in
the previous quarter. The current record holders for consecutive declines in the
Home Price Index are Manhattan, KS and Longview, TX, with declines in the last
3 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 24 consecutive quarters.

The highest annual change in the value of houses in the Glens Falls Real
Estate Market was 18% in the twelve months ended with the 3rd Quarter of
2005. The worst annual change in home values  in the Glens Falls Market was
-9% in the twelve months ended with the 3rd Quarter of 1994.

The highest growth in home values in the Glens Falls Real Estate Market over a
three year period was 54% in the three years ended with the 1st Quarter of
2006. The worst performance over a three year period in the Glens Falls
Market was -12% in the three years ended with the 1st Quarter of 1997.

This page provides a long term graph of the Glens Falls 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 Glens Falls 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 Glens Falls 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 Glens Falls 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
2nd Quarter, 2017 Housing Data: Glens Falls, New York

The trend of Glens Falls 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.

Last Quarter:
During the 2nd Quarter of 2017, Glens Falls Home Prices had a rank of 355,
with appreciation of -0.91%. The top performing real estate market during the
2nd Quarter was Weirton, OH, with a rise of 14.58%. The worst market during
that period was Bangor, ME, with appreciation of -4.77%.
The median for all cities during the 2nd Quarter was 2.58%. The average for all
markets during the quarter was 2.50%.

Last Year:
During the last 12 months, Glens Falls Home Prices had a rank of 256, with
appreciation during the year of 3.67%. The top performing market during the
last year was Mount Vernon, WA, with an increase of 15.1%. The worst real
estate market during that period was Pine Bluff, AR, with appreciation of -7.9%.
The median for all markets during this period was 5.39%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2017, Glens Falls Home Prices
ranked 336, with a total appreciation of 6.7%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 93%.
The worst market during that period was Jacksonville, NC, with appreciation of
-3%.
The median for all cities during this time period was 18%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2017, Glens Falls Home
Prices had a rank of 244, with appreciation during the decade of -1%. The top
performing market during the period was Austin, TX, with a rise of 62%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -29%.
The median for all markets during the last 10 years was 4%. The average for
the cities over that time frame was 5%.

Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2017, Glens Falls Home
Prices had a rank of 108, with total growth over the 20 year period of 105%.
The top performing real estate market during the period was San Francisco,
CA, with an increase of 289%. The worst market during the last 20 years was
Saginaw, MI, with appreciation of 20%.
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 Glens Falls Real
Estate Market is available back to the 3rd Quarter, of 1992. All calculations are
based on the quarterly value of the House Price Index for Glens Falls. 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 Saturday, November 18, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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