Dallas, TX - House Price Index (HPI) - 32 Year Chart
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Dallas Real Estate Market & Home Price Forecast
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The House Price Index (HPI) shows changes in Dallas-Plano-Irving, TX single family home prices in
logarithmic scale. The March, 1995 index value equals 100. Updated Friday, December 28, 2012.
See Real estate forecasts, analysis, statistics and appreciation rates below.
Dallas Real Estate Market: Trend, Analysis & Statistics
1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010
Commentary 13192
4th Quarter, 2012 Housing Statistics: Dallas, Texas
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: UP
Forecast Accuracy: 81%
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 Dallas housing market for the 12
months ending with the 4th Quarter of 2013 is UP. The Accuracy of the Trend
Forecast for Dallas is 81%. In other words, when tested against historical data,
the forecasting methodology was correct 81% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Dallas is 81% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 4th Quarter of 2013 than they were in the 4th
Quarter of 2012. Check this page each quarter for updates to the Dallas Real
Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 78%
The forecast for the trend in the Dallas housing market for the 3 years ending
with the 4th Quarter of 2015 is UP. The Accuracy of the Trend Forecast for
Dallas is 78%. In other words, when tested against historical data, the
forecasting methodology was correct 78% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Dallas is 78% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 4th Quarter of 2015 than they were in the 4th
Quarter of 2012. Check this page each quarter for updates to the Dallas Real
Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Dallas, Texas
Historical Home Price Appreciation
Last Quarter 0.84%
Last Year . . . . . . . . . . . . . . . . . . . . 2.1%
Last 5 Years 1%
Last 10 Years . . . . . . . . . . . . . . . . . 15%
Last 20 Years 67%
Decline From All Time High 1.92%
Annual Home Price Appreciation Rates
1983 5.90%
1984 5.36%
1985 4.18%
1986 1.13%
1987 -7.72%
1988 -5.21%
1989 0.72%
1990 -0.76%
1991 3.08%
1992 2.05%
1993 1.96%
1994 -1.43%
1995 4.17%
1996 1.83%
1997 4.04%
1998 5.87%
1999 5.85%
2000 6.10%
2001 6.52%
2002 3.54%
2003 1.69%
2004 2.75%
2005 3.19%
2006 3.01%
2007 2.61%
2008 1.01%
2009 -1.16%
2010 -0.16%
2011 -1.20%
2012 2.11%
Real Estate Appreciation, Rank & Percentile
Last Quarter 0.84% Rank: 141 of 381 (63rd Percentile)
Last Year . . . . . . . . . . . . . . . . 2.1% Rank: 74 of 381 (80th Percentile)
Last 5 Years 1% Rank: 77 of 381 (80th Percentile)
Last 10 Years . . . . . . . . . . . . 15% Rank: 225 of 381 (41st Percentile)
Last 20 Years 67% Rank: 251 of 368 (31st Percentile)
Decline From All Time High 1.92%
Home Price appreciation rates for Dallas-Plano-Irving, TX are shown above for
five time periods. For example: Dallas appreciated 0.84% in the Last Quarter.
At that rate, the Dallas Real Estate Market was ranked 141st out of 381
metropolitan areas for Real Estate Appreciation. Dallas was in the 63rd
percentile. So Dallas, TX performed better in the Last Quarter than 63% of the
381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Dallas, Texas
The data and analysis on this page pertains to Dallas-Plano-Irving, TX,
hereinafter referred to as "Dallas". The all time high in the Dallas Home Price
Index was 168.9 in the 1st Quarter, of 2009. The 4th Quarter, 2012 index value
was 165.7. That's a decline of 3.24 points or 1.92% below the Dallas Home
Price Index all time high. The Home Price Index indicates that the Dallas Market
is up 15% over the last 10 years. Home prices in the Dallas Real Estate Market
have gained 2.11% over the last 12 months. Over the last thirty years, it is up
80%.
The 4th Quarter index value was 1.38 points higher than the 3rd Quarter, 2012
index value of 164.28, resulting in a 0.84% rise in the 4th Quarter for the Dallas
Market.
The Dallas Home Price Index has increased for the last 4 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 current
record holder for consecutive declines in the Home Price Index is Tallahassee,
FL, with declines in the last 5 consecutive quarters.
The highest annual home appreciation rate in the Dallas Real Estate Market
was 24% in the twelve months ended with the 3rd Quarter of 1978. The worst
annual home appreciation rate in the Dallas Market was -8% in the twelve
months ended with the 1st Quarter of 1988.
The highest home appreciation in the Dallas Real Estate Market over a three
year period was 69% in the three years ended with the 4th Quarter of 1979.
The worst home appreciation over a three year period in the Dallas Market was
-14% in the three years ended with the 2nd Quarter of 1989.
This page provides a long term graph of the Dallas Home Price Index (above).
For information about Texas home values, look at the links under that chart.
One link opens a forecast for home appreciation rates in the state of Texas.
Another link opens the home price index chart for Texas. 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 Dallas Home Prices
will be at your fingertips when you need them.
Historical data on the Dallas Home Price Index is available back to the 2nd
Quarter, of 1976. All calculations are based on the quarterly value of the House
Price Index for the Dallas 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 Dallas 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: Dallas, Texas
The appreciation of Dallas 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 Dallas-Plano-Irving, TX, hereinafter referred to as "Dallas".
Last Quarter:
During the 4th Quarter of 2012, Dallas Home Prices had a rank of 141, with
appreciation of 0.84%. 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, Dallas Home Prices had a rank of 74, with
appreciation during the year of 2.11%. 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, Dallas Home Prices
ranked 77, with a total appreciation of 0.6%. 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, Dallas Home Prices had
a rank of 225, with appreciation during the decade of 15%. 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, Dallas Home Prices had
a rank of 251, with total appreciation over the 20 year period of 67%. 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 Dallas Real Estate
Market is available back to the 2nd Quarter, of 1976. All calculations are based
on the quarterly value of the House Price Index for Dallas. 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.)
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