Merced, CA - House Price Index (HPI) - 29 Year Chart
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Merced Real Estate Market Forecast
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The House Price Index (HPI) shows changes in Merced, CA 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.
Merced Real Estate Market: Trend, Analysis & Statistics
1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010
Commentary 13327
4th Quarter, 2012 Housing Statistics: Merced, California
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: UP
Forecast Accuracy: 65%
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 Merced housing market for the 12
months ending with the 4th Quarter of 2013 is UP. The Accuracy of the Trend
Forecast for Merced is 65%. In other words, when tested against historical data,
the forecasting methodology was correct 65% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Merced is 65% 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 Merced Real
Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 72%
The forecast for the trend in the Merced housing market for the 3 years ending
with the 4th Quarter of 2015 is UP. The Accuracy of the Trend Forecast for
Merced is 72%. In other words, when tested against historical data, the
forecasting methodology was correct 72% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Merced is 72% 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 Merced Real
Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Merced, California
Historical Home Price Appreciation
Last Quarter 2.42%
Last Year 5.8%
Last 5 Years -49%
Last 10 Years -27%
Last 20 Years 14%
Decline From All Time High 61.31%
Annual Home Price Appreciation Rates
1983 n/a
1984 8.53%
1985 -3.82%
1986 9.06%
1987 -0.99%
1988 8.02%
1989 17.80%
1990 16.57%
1991 0.29%
1992 -1.80%
1993 -2.49%
1994 -4.99%
1995 1.44%
1996 -1.32%
1997 4.14%
1998 3.50%
1999 2.14%
2000 19.14%
2001 14.34%
2002 12.24%
2003 13.53%
2004 25.66%
2005 30.17%
2006 -0.67%
2007 -22.39%
2008 -44.54%
2009 -10.14%
2010 2.27%
2011 -5.09%
2012 5.85%
Real Estate Appreciation, Rank & Percentile
Last Quarter 2.42% Rank: 36 of 381 (90th Percentile)
Last Year . . . . . . . . . . . . . . . . 5.8% Rank: 12 of 381 (97th Percentile)
Last 5 Years -49% Rank: 380 of 381 (Bottom .20%)
Last 10 Years . . . . . . . . . . . . -27% Rank: 379 of 381 (Bottom .50%)
Last 20 Years 14% Rank: 367 of 368 (Bottom .20%)
Decline From All Time High 61.31%
Home Price appreciation rates for Merced, CA are shown above for five time
periods. For example: Merced appreciated 2.42% in the Last Quarter. At that
rate, the Merced Real Estate Market was ranked 36th out of 381 metropolitan
areas for Real Estate Appreciation. Merced was in the 90th percentile. So
Merced, CA performed better in the Last Quarter than 90% of the 381
metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Merced, California
The all time high in the Merced Home Price Index was 315.8 in the 2nd Quarter,
of 2006. The 4th Quarter, 2012 index value was 122.2. That's a decline of
193.61 points or 61.31% below the Merced Home Price Index all time high. The
Home Price Index indicates that the Merced Market is down 27% over the last
10 years. Home prices in the Merced Real Estate Market have gained 5.85%
over the last 12 months.
The 4th Quarter index value was 2.89 points higher than the 3rd Quarter, 2012
index value of 119.27, resulting in a 2.42% rise in the 4th Quarter for the
Merced Market.
The Merced Home Price Index has increased for the last 2 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 Merced Real Estate Market
was 33% in the twelve months ended with the 2nd Quarter of 2005. The worst
annual home appreciation rate in the Merced Market was -45% in the twelve
months ended with the 4th Quarter of 2008.
The highest home appreciation in the Merced Real Estate Market over a three
year period was 86% in the three years ended with the 4th Quarter of 2005.
The worst home appreciation over a three year period in the Merced Market
was -62% in the three years ended with the 3rd Quarter of 2009.
This page provides a long term graph of the Merced Home Price Index (above).
For information about California home values, look at the links under that chart.
One link opens a forecast for home appreciation rates in the state of California.
Another link opens the home price index chart for California. 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 Merced Home
Prices will be at your fingertips when you need them.
Historical data on the Merced Home Price Index is available back to the 2nd
Quarter, of 1979. All calculations are based on the quarterly value of the House
Price Index for the Merced 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 Merced 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: Merced, California
The appreciation of Merced 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 4th Quarter of 2012, Merced Home Prices had a rank of 36, with
appreciation of 2.42%. 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, Merced Home Prices had a rank of 12, with
appreciation during the year of 5.85%. 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, Merced Home Prices
ranked 380, with a total appreciation of -48.8%. 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, Merced Home Prices
had a rank of 379, with appreciation during the decade of -27%. 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, Merced Home Prices
had a rank of 367, with total appreciation over the 20 year period of 14%. 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 Merced Real Estate
Market is available back to the 2nd Quarter, of 1979. All calculations are based
on the quarterly value of the House Price Index for Merced. 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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