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  1302.56
1st Quarter, 2018 Housing Statistics: Syracuse, 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 Syracuse housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Syracuse 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
Syracuse 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 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 1st Quarter of 2021 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 1st Quarter of 2021 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Syracuse
Real Estate Market Forecast.




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


Historical Home Price Appreciation
Last Quarter                         -0.41%
Last Year                              3.5%
Last 5 Years                         10%
Last 10 Years                       7%
Last 20 Years                       67%
Decline From All Time High   2.21%


Annual Home Price Appreciation Rates
1988      6.24%
1989      3.68%
1990      1.01%
1991      1.21%
1992      1.58%
1993      0.59%
1994      -5.76%
1995      -0.23%
1996      -3.01%
1997      2.51%
1998      3.69%
1999      0.36%
2000      4.32%
2001      4.80%
2002      6.52%
2003      5.62%
2004      8.03%
2005      6.38%
2006      3.24%
2007      0.72%
2008      1.53%
2009      0.87%
2010      -0.47%
2011      -1.24%
2012      0.68%
2013      -0.70%
2014      2.14%
2015      1.13%
2016      3.85%
2017      2.62%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.41%        Rank: 308 of 381 (19th Percentile)
Last Year  . . . . . . . . . . . . . . . .  3.5%           Rank: 287 of 381 (24th Percentile)
Last 5 Years                              10%            Rank: 312 of 381 (18th Percentile)
Last 10 Years  . . . . . . . . . . . .   7%              Rank: 198 of 381 (48th Percentile)
Last 20 Years                            67%            Rank: 245 of 379 (35th Percentile)
Decline From All Time High        2.21%

The change in home prices for Syracuse, NY are shown above for five time
periods. For example: Syracuse appreciated -0.41% in the Last Quarter. At that
rate, the Syracuse Real Estate Market was ranked 308th out of 381
metropolitan Real Estate Markets. Syracuse was in the 19th percentile. So
Syracuse, NY performed better in the Last Quarter than 19% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 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 1st Quarter, 2018 index value was 170.4. That's a
decline of 3.85 points or 2.21% below the Syracuse Home Price Index all time
high.  The Home Price Index indicates that the Syracuse Market is up 7% over
the last 10 years. Home prices in the Syracuse Real Estate Market have gained
3.55% over the last 12 months. Over the last thirty years, it is up 79%.

The 1st Quarter index value was 0.70 points lower than the 4th Quarter, 2017
index value of 171.12, resulting in a 0.41% decline for the 1st Quarter in the
Syracuse Market.

The Syracuse Home Price Index has declined for the last 2 consecutive
quarters. That makes Syracuse the current record holder for consecutive
quarterly declines in the Home Price Index (along with Tallahassee, FL; Sioux
City, IA; Shreveport, LA and Peoria, IL; which also had 2 consecutive quarterly
declines). 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 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
1st Quarter, 2018 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 1st Quarter of 2018, Syracuse Home Prices had a rank of 308, with
appreciation of -0.41%. 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, Syracuse Home Prices had a rank of 287, with
appreciation during the year of 3.55%. 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, Syracuse Home Prices
ranked 312, with a total appreciation of 9.7%. 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, Syracuse Home Prices
had a rank of 198, with appreciation during the decade of 7%. 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, Syracuse Home Prices
had a rank of 245, with total growth over the 20 year period of 67%. 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 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 Wednesday, July 25, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


_____________________________________________________________
Report a Problem with this Page    Contact Us     Privacy Policy    Terms of Use/Disclosure
LittleBigHomes.com
1975
1980
1985
1990
1995
2000
2005
2010
2035
2015
2020
2025
2030