| Birmingham, AL - House Price Index (HPI) - 30 Year Chart |
| Birmingham Real Estate Market & Home Price Forecast |
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The House Price Index (HPI) shows changes in Birmingham-Hoover, AL single family home prices in
logarithmic scale. The March, 1995 index value equals 100. Updated Friday, December 21, 2012.
See real estate forecasts, analysis, statistics and appreciation rates below.
logarithmic scale. The March, 1995 index value equals 100. Updated Friday, December 21, 2012.
See real estate forecasts, analysis, statistics and appreciation rates below.
| Birmingham Real Estate Index: 30 Year Chart Home Values Appreciation Rate - US Cities |
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Birmingham Real Estate Market: Trend, Analysis & Statistics
1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010
Commentary 13144
4th Quarter, 2012 Housing Statistics: Birmingham, Alabama
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 85%
Forecast-Chart.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 Birmingham housing market for the 12
months ending with the 4th Quarter of 2013 is DOWN. The Accuracy of the
Trend Forecast for Birmingham is 85%. In other words, when tested against
historical data, the forecasting methodology was correct 85% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Birmingham is 85% during this period. If this Housing Market Forecast
is correct, home prices will be lower in the 4th Quarter of 2013 than they were in
the 4th Quarter of 2012. Check this page each quarter for updates to the
Birmingham Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 85%
The forecast for the trend in the Birmingham housing market for the 3 years
ending with the 4th Quarter of 2015 is DOWN. The Accuracy of the Trend
Forecast for Birmingham is 85%. In other words, when tested against historical
data, the forecasting methodology was correct 85% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Birmingham is 85% during this period. If this Housing Market Forecast is
correct, home values will be lower in the 4th Quarter of 2015 than they were in
the 4th Quarter of 2012. Check this page each quarter for updates to the
Birmingham Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Birmingham, Alabama
Historical Home Price Appreciation
Last Quarter -0.15%
Last Year . . . . . . . . . . . . . . . . . . . . -1.3%
Last 5 Years -9%
Last 10 Years . . . . . . . . . . . . . . . . . 16%
Last 20 Years 79%
Decline From All Time High 10.19%
Annual Home Price Appreciation Rates
1983 7.92%
1984 3.75%
1985 5.39%
1986 7.48%
1987 2.39%
1988 3.34%
1989 3.79%
1990 1.19%
1991 5.22%
1992 3.65%
1993 5.34%
1994 4.91%
1995 5.38%
1996 3.58%
1997 4.63%
1998 4.93%
1999 2.79%
2000 3.22%
2001 5.79%
2002 3.97%
2003 4.21%
2004 6.49%
2005 6.89%
2006 5.19%
2007 1.52%
2008 0.38%
2009 -3.81%
2010 -2.41%
2011 -1.93%
2012 -1.25%
Real Estate Appreciation, Rank & Percentile
Last Quarter -0.15% Rank: 285 of 381 (25th Percentile)
Last Year . . . . . . . . . . . . . . . . -1.3% Rank: 282 of 381 (26th Percentile)
Last 5 Years -9% Rank: 185 of 381 (51st Percentile)
Last 10 Years . . . . . . . . . . . . 16% Rank: 216 of 381 (43rd Percentile)
Last 20 Years 79% Rank: 181 of 368 (50th Percentile)
Decline From All Time High 10.19%
Home Price appreciation rates for Birmingham-Hoover, AL are shown above for
five time periods. For example: Birmingham appreciated -0.15% in the Last
Quarter. At that rate, the Birmingham Real Estate Market was ranked 285th out
of 381 metropolitan areas for Real Estate Appreciation. Birmingham was in the
25th percentile. So Birmingham, AL performed better in the Last Quarter than
25% of the 381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Birmingham, Alabama
The data and analysis on this page pertains to Birmingham-Hoover, AL,
hereinafter referred to as "Birmingham". The all time high in the Birmingham
Home Price Index was 178.4 in the 1st Quarter, of 2009. The 4th Quarter, 2012
index value was 160.2. That's a decline of 18.18 points or 10.19% below the
Birmingham Home Price Index all time high. The Home Price Index indicates
that the Birmingham Market is up 16% over the last 10 years. Home Prices in
the Birmingham Real Estate Market have lost 1.25% over the last 12 months.
Over the last thirty years, it is up 175%.
The 4th Quarter index value was 0.24 points lower than the 3rd Quarter, 2012
index value of 160.44, resulting in a 0.15% decline for the 4th Quarter in the
Birmingham Market.
The Birmingham Home Price Index declined in the last quarter after increasing
in the previous 2 quarters. The current record holder for consecutive declines
in the Home Price Index is Tallahassee, FL, with declines in the last 5
consecutive quarters. The current record holder for consecutive increases in
the Home Price Index is Bismarck, ND, with increases in the last 11 consecutive
quarters.
The highest annual home appreciation rate in the Birmingham Real Estate
Market was 15% in the twelve months ended with the 1st Quarter of 1984. The
worst annual home appreciation rate in the Birmingham Market was -7% in the
twelve months ended with the 3rd Quarter of 1982.
The highest home appreciation in the Birmingham Real Estate Market over a
three year period was 21% in the three years ended with the 3rd Quarter of
1985. The worst home appreciation over a three year period in the Birmingham
Market was -11% in the three years ended with the 2nd Quarter of 2011.
This page provides a long term graph of the Birmingham Home Price Index
(above). For information about Alabama home values, look at the links under
that chart. One link opens a forecast for home appreciation rates in the state of
Alabama. Another link opens the home price index chart for Alabama. Just one
glance at Forecast-Chart.com's long term charts can provide tremendous
insight into the historical trends of residential property values. Bookmark this
page! Then Forecast-Chart.com's detailed research and statistics about
Birmingham Home Prices will be at your fingertips when you need them.
Historical data on the Birmingham Home Price Index is available back to the 3rd
Quarter, of 1978. All calculations are based on the quarterly value of the House
Price Index for the Birmingham 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 Birmingham 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
4th Quarter, 2012 Housing Data: Birmingham, Alabama
The appreciation of Birmingham 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. The data and analysis on this page pertains
to Birmingham-Hoover, AL, hereinafter referred to as "Birmingham".
Last Quarter:
During the 4th Quarter of 2012, Birmingham Home Prices had a rank of 285,
with appreciation of -0.15%. The top performing real estate market during the
4th Quarter was Bismarck, ND, with appreciation of 4.55%. The worst market
during that period was Hattiesburg, MS, with appreciation of -4.02%.
The median appreciation for all cities during the 4th Quarter was 0.47%. The
average appreciation for all markets during the quarter was 0.54%.
Last Year:
During the last 12 months, Birmingham Home Prices had a rank of 282, with
appreciation during the year of -1.25%. The top performing market during the
last year was Bismarck, ND, with appreciation of 13.4%. The worst real estate
market during that period was Gainesville, FL, with appreciation of -6.8%.
The median appreciation for all markets during this period was 0.27%. The
average appreciation was 0.31%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2012, Birmingham Home Prices
ranked 185, with a total appreciation of -8.8%. The top performing real estate
market during the 5 year period was Bismarck, ND, with appreciation of 24%.
The worst market during that period was Las Vegas, NV, with appreciation of
-54%.
The median appreciation for all cities during this time period was -9%. The
average appreciation over the 5 years was -12%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2012, Birmingham Home Prices
had a rank of 216, with appreciation during the decade of 16%. The top
performing market during the period was Midland, TX, with appreciation of
104%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -31%.
The median appreciation for all markets during the last 10 years was 18%. The
average appreciation for the cities over that time frame was 18%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2012, Birmingham Home Prices
had a rank of 181, with total appreciation over the 20 year period of 79%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 210%. The worst market during the last 20 years was Las
Vegas, NV, with appreciation of 7%.
The median appreciation for all cities during the last 20 years was 78%. The
average appreciation for the markets over that time frame was 80%.
Historical research data on the Home Price Index for the Birmingham Real
Estate Market is available back to the 3rd Quarter, of 1978. All calculations are
based on the quarterly value of the House Price Index for Birmingham. Real
estate appreciation figures represent total appreciation over each time period.
(Unless specifically stated, the appreciation figures do not represent annual or
quarterly rates of appreciation.)
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
SignalTrend Inc. 2008 - 2012, All Rights Reserved
4th Quarter, 2012 Housing Statistics: Birmingham, Alabama
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 85%
Forecast-Chart.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 Birmingham housing market for the 12
months ending with the 4th Quarter of 2013 is DOWN. The Accuracy of the
Trend Forecast for Birmingham is 85%. In other words, when tested against
historical data, the forecasting methodology was correct 85% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Birmingham is 85% during this period. If this Housing Market Forecast
is correct, home prices will be lower in the 4th Quarter of 2013 than they were in
the 4th Quarter of 2012. Check this page each quarter for updates to the
Birmingham Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 85%
The forecast for the trend in the Birmingham housing market for the 3 years
ending with the 4th Quarter of 2015 is DOWN. The Accuracy of the Trend
Forecast for Birmingham is 85%. In other words, when tested against historical
data, the forecasting methodology was correct 85% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Birmingham is 85% during this period. If this Housing Market Forecast is
correct, home values will be lower in the 4th Quarter of 2015 than they were in
the 4th Quarter of 2012. Check this page each quarter for updates to the
Birmingham Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Birmingham, Alabama
Historical Home Price Appreciation
Last Quarter -0.15%
Last Year . . . . . . . . . . . . . . . . . . . . -1.3%
Last 5 Years -9%
Last 10 Years . . . . . . . . . . . . . . . . . 16%
Last 20 Years 79%
Decline From All Time High 10.19%
Annual Home Price Appreciation Rates
1983 7.92%
1984 3.75%
1985 5.39%
1986 7.48%
1987 2.39%
1988 3.34%
1989 3.79%
1990 1.19%
1991 5.22%
1992 3.65%
1993 5.34%
1994 4.91%
1995 5.38%
1996 3.58%
1997 4.63%
1998 4.93%
1999 2.79%
2000 3.22%
2001 5.79%
2002 3.97%
2003 4.21%
2004 6.49%
2005 6.89%
2006 5.19%
2007 1.52%
2008 0.38%
2009 -3.81%
2010 -2.41%
2011 -1.93%
2012 -1.25%
Real Estate Appreciation, Rank & Percentile
Last Quarter -0.15% Rank: 285 of 381 (25th Percentile)
Last Year . . . . . . . . . . . . . . . . -1.3% Rank: 282 of 381 (26th Percentile)
Last 5 Years -9% Rank: 185 of 381 (51st Percentile)
Last 10 Years . . . . . . . . . . . . 16% Rank: 216 of 381 (43rd Percentile)
Last 20 Years 79% Rank: 181 of 368 (50th Percentile)
Decline From All Time High 10.19%
Home Price appreciation rates for Birmingham-Hoover, AL are shown above for
five time periods. For example: Birmingham appreciated -0.15% in the Last
Quarter. At that rate, the Birmingham Real Estate Market was ranked 285th out
of 381 metropolitan areas for Real Estate Appreciation. Birmingham was in the
25th percentile. So Birmingham, AL performed better in the Last Quarter than
25% of the 381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Birmingham, Alabama
The data and analysis on this page pertains to Birmingham-Hoover, AL,
hereinafter referred to as "Birmingham". The all time high in the Birmingham
Home Price Index was 178.4 in the 1st Quarter, of 2009. The 4th Quarter, 2012
index value was 160.2. That's a decline of 18.18 points or 10.19% below the
Birmingham Home Price Index all time high. The Home Price Index indicates
that the Birmingham Market is up 16% over the last 10 years. Home Prices in
the Birmingham Real Estate Market have lost 1.25% over the last 12 months.
Over the last thirty years, it is up 175%.
The 4th Quarter index value was 0.24 points lower than the 3rd Quarter, 2012
index value of 160.44, resulting in a 0.15% decline for the 4th Quarter in the
Birmingham Market.
The Birmingham Home Price Index declined in the last quarter after increasing
in the previous 2 quarters. The current record holder for consecutive declines
in the Home Price Index is Tallahassee, FL, with declines in the last 5
consecutive quarters. The current record holder for consecutive increases in
the Home Price Index is Bismarck, ND, with increases in the last 11 consecutive
quarters.
The highest annual home appreciation rate in the Birmingham Real Estate
Market was 15% in the twelve months ended with the 1st Quarter of 1984. The
worst annual home appreciation rate in the Birmingham Market was -7% in the
twelve months ended with the 3rd Quarter of 1982.
The highest home appreciation in the Birmingham Real Estate Market over a
three year period was 21% in the three years ended with the 3rd Quarter of
1985. The worst home appreciation over a three year period in the Birmingham
Market was -11% in the three years ended with the 2nd Quarter of 2011.
This page provides a long term graph of the Birmingham Home Price Index
(above). For information about Alabama home values, look at the links under
that chart. One link opens a forecast for home appreciation rates in the state of
Alabama. Another link opens the home price index chart for Alabama. Just one
glance at Forecast-Chart.com's long term charts can provide tremendous
insight into the historical trends of residential property values. Bookmark this
page! Then Forecast-Chart.com's detailed research and statistics about
Birmingham Home Prices will be at your fingertips when you need them.
Historical data on the Birmingham Home Price Index is available back to the 3rd
Quarter, of 1978. All calculations are based on the quarterly value of the House
Price Index for the Birmingham 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 Birmingham 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
4th Quarter, 2012 Housing Data: Birmingham, Alabama
The appreciation of Birmingham 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. The data and analysis on this page pertains
to Birmingham-Hoover, AL, hereinafter referred to as "Birmingham".
Last Quarter:
During the 4th Quarter of 2012, Birmingham Home Prices had a rank of 285,
with appreciation of -0.15%. The top performing real estate market during the
4th Quarter was Bismarck, ND, with appreciation of 4.55%. The worst market
during that period was Hattiesburg, MS, with appreciation of -4.02%.
The median appreciation for all cities during the 4th Quarter was 0.47%. The
average appreciation for all markets during the quarter was 0.54%.
Last Year:
During the last 12 months, Birmingham Home Prices had a rank of 282, with
appreciation during the year of -1.25%. The top performing market during the
last year was Bismarck, ND, with appreciation of 13.4%. The worst real estate
market during that period was Gainesville, FL, with appreciation of -6.8%.
The median appreciation for all markets during this period was 0.27%. The
average appreciation was 0.31%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2012, Birmingham Home Prices
ranked 185, with a total appreciation of -8.8%. The top performing real estate
market during the 5 year period was Bismarck, ND, with appreciation of 24%.
The worst market during that period was Las Vegas, NV, with appreciation of
-54%.
The median appreciation for all cities during this time period was -9%. The
average appreciation over the 5 years was -12%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2012, Birmingham Home Prices
had a rank of 216, with appreciation during the decade of 16%. The top
performing market during the period was Midland, TX, with appreciation of
104%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -31%.
The median appreciation for all markets during the last 10 years was 18%. The
average appreciation for the cities over that time frame was 18%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2012, Birmingham Home Prices
had a rank of 181, with total appreciation over the 20 year period of 79%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 210%. The worst market during the last 20 years was Las
Vegas, NV, with appreciation of 7%.
The median appreciation for all cities during the last 20 years was 78%. The
average appreciation for the markets over that time frame was 80%.
Historical research data on the Home Price Index for the Birmingham Real
Estate Market is available back to the 3rd Quarter, of 1978. All calculations are
based on the quarterly value of the House Price Index for Birmingham. Real
estate appreciation figures represent total appreciation over each time period.
(Unless specifically stated, the appreciation figures do not represent annual or
quarterly rates of appreciation.)
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
SignalTrend Inc. 2008 - 2012, All Rights Reserved
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