The House Price Index (HPI) shows changes in Rochester, 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.
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Rochester Real Estate Market - Home Price Forecast (NY)
Rochester Real Estate Market: Trend Outlook, Analysis & Statistics
Rochester, NY - House Price Index (HPI)
Commentary  1256.56
1st Quarter, 2018 Housing Statistics: Rochester, New York


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      76%

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 Rochester housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Rochester is 76%. In other words, when tested against historical
data, the forecasting methodology was correct 76% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Rochester is 76% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 1st Quarter of 2019 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Rochester
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      78%

The forecast for the trend in the Rochester housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Rochester is 78%. In other words, when tested against historical
data, the forecasting methodology was correct 78% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Rochester is 78% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 1st Quarter of 2021 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Rochester
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Rochester, New York


Historical Home Price Appreciation
Last Quarter                         -0.51%
Last Year                              4.1%
Last 5 Years                         12%
Last 10 Years                       13%
Last 20 Years                       50%
Decline From All Time High   0.51%


Annual Home Price Appreciation Rates
1988      3.78%
1989      3.45%
1990      -0.50%
1991      2.26%
1992      2.70%
1993      1.04%
1994      -3.97%
1995      2.29%
1996      -0.79%
1997      1.79%
1998      2.88%
1999      0.23%
2000      2.94%
2001      3.75%
2002      3.56%
2003      4.47%
2004      4.21%
2005      4.27%
2006      1.32%
2007      1.01%
2008      0.79%
2009      0.86%
2010      0.68%
2011      -0.49%
2012      0.42%
2013      -0.63%
2014      2.34%
2015      2.72%
2016      3.27%
2017      4.35%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.51%        Rank: 315 of 381 (17th Percentile)
Last Year  . . . . . . . . . . . . . . . .  4.1%           Rank: 273 of 381 (28th Percentile)
Last 5 Years                              12%            Rank: 288 of 381 (24th Percentile)
Last 10 Years  . . . . . . . . . . . .   13%            Rank: 133 of 381 (65th Percentile)
Last 20 Years                            50%            Rank: 315 of 379 (16th Percentile)
Decline From All Time High        0.51%

The change in home prices for Rochester, NY are shown above for five time
periods. For example: Rochester appreciated -0.51% in the Last Quarter. At
that rate, the Rochester Real Estate Market was ranked 315th out of 381
metropolitan Real Estate Markets. Rochester was in the 17th percentile. So
Rochester, NY performed better in the Last Quarter than 17% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Rochester, New York

The all time high in the Rochester Home Price Index was 157.6 in the 4th
Quarter, of 2017. The 1st Quarter, 2018 index value was 156.8. That's a
decline of 0.81 points or 0.51% below the Rochester Home Price Index all time
high.  The Home Price Index indicates that the Rochester Market is up 13%
over the last 10 years. Home prices in the Rochester Real Estate Market have
gained 4.10% over the last 12 months. Over the last thirty years, it is up 69%.

The 1st Quarter index value was 0.81 points lower than the 4th Quarter, 2017
index value of 157.58, resulting in a 0.51% decline for the 1st Quarter in the
Rochester Market.

The Rochester Home Price Index declined in the last quarter after increasing in
the previous 3 quarters. The current record holders for consecutive declines in
the Home Price Index are Tallahassee, FL; Syracuse, NY; Sioux City, IA;
Shreveport, LA and Peoria, IL, with declines in the last 2 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 27
consecutive quarters.

The highest annual change in the value of houses in the Rochester Real Estate
Market was 18% in the twelve months ended with the 1st Quarter of 1983. The
worst annual change in home values  in the Rochester Market was -4% in the
twelve months ended with the 4th Quarter of 1994.

The highest growth in home values in the Rochester Real Estate Market over a
three year period was 40% in the three years ended with the 1st Quarter of
1985. The worst performance over a three year period in the Rochester Market
was -3% in the three years ended with the 4th Quarter of 1996.

This page provides a long term graph of the Rochester 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 Rochester 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 Rochester 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 Rochester 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
1st Quarter, 2018 Housing Data: Rochester, New York

The trend of Rochester 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 1st Quarter of 2018, Rochester Home Prices had a rank of 315, with
appreciation of -0.51%. The top performing real estate market during the 1st
Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market during that
period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, Rochester Home Prices had a rank of 273, with
appreciation during the year of 4.10%. The top performing market during the
last year was Boise City, ID, with an increase of 15.3%. The worst real estate
market during that period was Farmington, NM, with appreciation of -6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Rochester Home Prices
ranked 288, with a total appreciation of 11.9%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 90%.
The worst market during that period was Farmington, NM, with appreciation of
-4%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 1st Quarter of 2018, Rochester Home Prices
had a rank of 133, with appreciation during the decade of 13%. The top
performing market during the period was Denver, CO, with a rise of 69%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -26%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Rochester Home Prices
had a rank of 315, with total growth over the 20 year period of 50%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 282%. The worst market during the last 20 years was Rockford, IL,
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 88%.

Historical research data on the Home Price Index for the Rochester Real Estate
Market is available back to the 2nd Quarter, of 1979. All calculations are based
on the quarterly value of the House Price Index for Rochester. 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 Tuesday, July 24, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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