Syracuse, NY - House Price Index (HPI)
Syracuse Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Syracuse, 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
Syracuse Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  27924
3rd Quarter, 2017 Housing Statistics: Syracuse, 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 Syracuse housing market for the 12
months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Syracuse 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
Syracuse is 75% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2018 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Syracuse
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      73%

The forecast for the trend in the Syracuse housing market for the 3 years
ending with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Syracuse is 73%. In other words, when tested against historical
data, the forecasting methodology was correct 73% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Syracuse is 73% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2020 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Syracuse
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Syracuse, New York


Historical Home Price Appreciation
Last Quarter                         4.65%
Last Year                              5.8%
Last 5 Years                         12%
Last 10 Years                       12%
Last 20 Years                       76%



Annual Home Price Appreciation Rates
1987      8.64%
1988      6.30%
1989      3.66%
1990      1.01%
1991      1.23%
1992      1.58%
1993      0.61%
1994      -5.78%
1995      -0.23%
1996      -3.01%
1997      2.53%
1998      3.68%
1999      0.34%
2000      4.36%
2001      4.77%
2002      6.51%
2003      5.66%
2004      8.04%
2005      6.35%
2006      3.25%
2007      0.72%
2008      1.57%
2009      0.85%
2010      -0.45%
2011      -1.25%
2012      0.68%
2013      -0.73%
2014      2.29%
2015      0.94%
2016      3.79%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              4.65%         Rank: 11 of 381 (97th Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.8%           Rank: 174 of 381 (54th Percentile)
Last 5 Years                              12%            Rank: 263 of 381 (31st Percentile)
Last 10 Years  . . . . . . . . . . . .   12%            Rank: 125 of 381 (67th Percentile)
Last 20 Years                            76%            Rank: 211 of 379 (44th Percentile)


The change in home prices for Syracuse, NY are shown above for five time
periods. For example: Syracuse appreciated 4.65% in the Last Quarter. At that
rate, the Syracuse Real Estate Market was ranked 11th out of 381 metropolitan
Real Estate Markets. Syracuse was in the 97th percentile. So Syracuse, NY
performed better in the Last Quarter than 97% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Syracuse, New York

The all time high in the Syracuse Home Price Index was 174.3 in the 3rd
Quarter, of 2017.  The Home Price Index indicates that the Syracuse Market is
up 12% over the last 10 years. Home prices in the Syracuse Real Estate Market
have gained 5.83% over the last 12 months. Over the last thirty years, it is up
86%.

The 3rd Quarter index value was 7.75 points higher than the 2nd Quarter, 2017
index value of 166.58, resulting in a 4.65% rise in the 3rd Quarter for the
Syracuse Market.

The Syracuse Home Price Index has increased for 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 25 consecutive quarters. The current record holder for consecutive
declines in the Home Price Index is Carbondale, IL, with declines in the last 3
consecutive quarters.

The highest annual change in the value of houses in the Syracuse Real Estate
Market was 18% in the twelve months ended with the 1st Quarter of 1981. The
worst annual change in home values  in the Syracuse Market was -7% in the
twelve months ended with the 1st Quarter of 1995.

The highest growth in home values in the Syracuse Real Estate Market over a
three year period was 43% in the three years ended with the 1st Quarter of
1981. The worst performance over a three year period in the Syracuse Market
was -9% in the three years ended with the 4th Quarter of 1996.

This page provides a long term graph of the Syracuse 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 Syracuse 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 Syracuse 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 Syracuse 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
3rd Quarter, 2017 Housing Data: Syracuse, New York

The trend of Syracuse 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 3rd Quarter of 2017, Syracuse Home Prices had a rank of 11, with
appreciation of 4.65%. The top performing real estate market during the 3rd
Quarter was Pine Bluff, AR, with a rise of 7.86%. The worst market during that
period was Weirton, OH, with appreciation of -9.33%.
The median for all cities during the 3rd Quarter was 1.52%. The average for all
markets during the quarter was 1.39%.

Last Year:
During the last 12 months, Syracuse Home Prices had a rank of 174, with
appreciation during the year of 5.83%. The top performing market during the
last year was Seattle, WA, with an increase of 14.2%. The worst real estate
market during that period was Lawton, OK, with appreciation of -7.3%.
The median for all markets during this period was 5.41%. The average was
5.42%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2017, Syracuse Home Prices
ranked 263, with a total appreciation of 12.4%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 95%.
The worst market during that period was Lawton, OK, with appreciation of -7%.
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 3rd Quarter of 2017, Syracuse Home Prices
had a rank of 125, with appreciation during the decade of 12%. The top
performing market during the period was Denver, CO, with a rise of 63%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -28%.
The median for all markets during the last 10 years was 5%. The average for
the cities over that time frame was 7%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2017, Syracuse Home Prices
had a rank of 211, with total growth over the 20 year period of 76%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 283%. The worst market during the last 20 years was Mansfield,
OH, with appreciation of 20%.
The median for all cities during the last 20 years was 80%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Syracuse Real Estate
Market is available back to the 1st Quarter, of 1979. All calculations are based
on the quarterly value of the House Price Index for Syracuse. 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 Thursday, February 8, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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