Albuquerque, NM - House Price Index (HPI)
Albuquerque Real Estate Market and Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Albuquerque, NM 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
Albuquerque Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  2492.56
3rd Quarter, 2018 Housing Statistics: Albuquerque, New Mexico


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      79%

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 Albuquerque housing market for the
12 months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the
Trend Projection for Albuquerque is 79%. In other words, when tested against
historical data, the forecasting methodology was correct 79% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Albuquerque is 79% during this period. If this Housing Market Forecast
is correct, home prices will be higher in the 3rd Quarter of 2019 than they were
in the 3rd Quarter of 2018. Check this page each quarter for updates to the
Albuquerque Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      82%

The forecast for the trend in the Albuquerque housing market for the 3 years
ending with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Albuquerque is 82%. In other words, when tested against
historical data, the forecasting methodology was correct 82% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Albuquerque is 82% during this period. If this Housing Market Forecast
is correct, home values will be higher in the 3rd Quarter of 2021 than they were
in the 3rd Quarter of 2018. Check this page each quarter for updates to the
Albuquerque Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Albuquerque, New Mexico


Historical Home Price Appreciation
Last Quarter                                     -0.66%
Last Year . . . . . . . . . . . . . . . . . . . .  2.5%
Last 5 Years                                     16%
Last 10 Years . . . . . . . . . . . . . . . . . 1%
Last 20 Years                                   61%
Decline From All Time High               2.90%


Annual Home Price Appreciation Rates
1988      -1.08%
1989      2.61%
1990      -0.90%
1991      3.11%
1992      5.35%
1993      8.44%
1994      11.13%
1995      6.00%
1996      0.88%
1997      2.53%
1998      1.27%
1999      -0.98%
2000      1.58%
2001      4.35%
2002      3.25%
2003      4.84%
2004      7.46%
2005      15.27%
2006      13.85%
2007      2.62%
2008      -4.10%
2009      -5.66%
2010      -2.21%
2011      -4.32%
2012      -1.43%
2013      0.15%
2014      2.65%
2015      1.68%
2016      4.80%
2017      4.12%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.66%        Rank: 335 of 381 (12th Percentile)
Last Year  . . . . . . . . . . . . . . . .  2.5%           Rank: 324 of 381 (15th Percentile)
Last 5 Years                              16%            Rank: 277 of 381 (27th Percentile)
Last 10 Years  . . . . . . . . . . . .   1%              Rank: 333 of 381 (12th Percentile)
Last 20 Years                            61%            Rank: 273 of 379 (28th Percentile)
Decline From All Time High        2.90%

The change in home prices for Albuquerque, NM are shown above for five time
periods. For example: Albuquerque appreciated -0.66% in the Last Quarter. At
that rate, the Albuquerque Real Estate Market was ranked 335th out of 381
metropolitan Real Estate Markets. Albuquerque was in the 12th percentile. So
Albuquerque, NM performed better in the Last Quarter than 12% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Albuquerque, New Mexico

The all time high in the Albuquerque Home Price Index was 181.3 in the 1st
Quarter, of 2008. The 3rd Quarter, 2018 index value was 176.0. That's a
decline of 5.25 points or 2.90% below the Albuquerque Home Price Index all
time high.  The Home Price Index indicates that the Albuquerque Market is up
1% over the last 10 years. Home prices in the Albuquerque Real Estate Market
have gained 2.50% over the last 12 months. Over the last thirty years, it is up
133%.

The 3rd Quarter index value was 1.17 points lower than the 2nd Quarter, 2018
index value of 177.20, resulting in a 0.66% decline for the 3rd Quarter in the
Albuquerque Market.

The Albuquerque Home Price Index declined in the last quarter after increasing
in the previous 5 quarters. The current record holders for consecutive declines
in the Home Price Index are Winchester, VA; Trenton, NJ; Peoria, IL; Great
Falls, MT and Fayetteville, NC, 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 29
consecutive quarters.

The highest annual change in the value of houses in the Albuquerque Real
Estate Market was 19% in the twelve months ended with the 1st Quarter of
1979. The worst annual change in home values  in the Albuquerque Market was
-7% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Albuquerque Real Estate Market over
a three year period was 41% in the three years ended with the 1st Quarter of
2007. The worst performance over a three year period in the Albuquerque
Market was -15% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Albuquerque Home Price Index
(above). For information about New Mexico 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 Albuquerque 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 Albuquerque 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 Albuquerque 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, 2018 Housing Data: Albuquerque, New Mexico

The trend of Albuquerque 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 2018, Albuquerque Home Prices had a rank of 335,
with appreciation of -0.66%. The top performing real estate market during the
3rd Quarter was Sumter, SC, with a rise of 13.55%. The worst market during
that period was Cumberland, MD, with appreciation of -5.75%.
The median for all cities during the 3rd Quarter was 1.57%. The average for all
markets during the quarter was 1.54%.

Last Year:
During the last 12 months, Albuquerque Home Prices had a rank of 324, with
appreciation during the year of 2.50%. The top performing market during the
last year was Las Vegas, NV, with an increase of 18.1%. The worst real estate
market during that period was Cumberland, MD, with appreciation of -5.6%.
The median for all markets during this period was 6.14%. The average was
6.07%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2018, Albuquerque Home
Prices ranked 277, with a total appreciation of 16.0%. The top performing real
estate market during the 5 year period was Reno, NV, with a growth in value of
81%. The worst market during that period was Jacksonville, NC, with
appreciation of -2%.
The median for all cities during this time period was 24%. The average over the
5 years was 28%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2018, Albuquerque Home
Prices had a rank of 333, with appreciation during the decade of 1%. The top
performing market during the period was Denver, CO, with a rise of 83%. The
worst real estate market during the 10 year time period was Vineland, NJ, with
appreciation of -19%.
The median for all markets during the last 10 years was 18%. The average for
the cities over that time frame was 20%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2018, Albuquerque Home
Prices had a rank of 273, with total growth over the 20 year period of 61%. 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 21%.
The median for all cities during the last 20 years was 83%. The average for the
markets over that time frame was 92%.

Historical research data on the Home Price Index for the Albuquerque Real
Estate Market is available back to the 3rd Quarter, of 1977. All calculations are
based on the quarterly value of the House Price Index for Albuquerque. 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, December 20, 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