Ocala, FL - House Price Index (HPI) - 14 Year Chart
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Ocala Real Estate Market Forecast
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The House Price Index (HPI) shows changes in Ocala, FL 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.
Ocala Real Estate Market: Trend, Analysis & Statistics
1/75 1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010 1/15
Commentary 13356
4th Quarter, 2012 Housing Statistics: Ocala, Florida
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 78%
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 Ocala housing market for the 12
months ending with the 4th Quarter of 2013 is DOWN. The Accuracy of the
Trend Forecast for Ocala 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 falling house prices in
Ocala is 78% 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 Ocala Real
Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 76%
The forecast for the trend in the Ocala housing market for the 3 years ending
with the 4th Quarter of 2015 is DOWN. The Accuracy of the Trend Forecast for
Ocala is 76%. In other words, when tested against historical data, the
forecasting methodology was correct 76% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Ocala is 76% 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 Ocala Real
Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Ocala, Florida
Historical Home Price Appreciation
Last Quarter 2.01%
Last Year -0.1%
Last 5 Years -43%
Last 10 Years 1%
Last 20 Years 43%
Decline From All Time High 44.66%
Annual Home Price Appreciation Rates
1983 n/a
1984 n/a
1985 n/a
1986 n/a
1987 3.37%
1988 1.23%
1989 1.15%
1990 2.17%
1991 -4.54%
1992 5.24%
1993 1.19%
1994 -1.27%
1995 4.91%
1996 -1.37%
1997 6.90%
1998 4.39%
1999 2.27%
2000 4.97%
2001 6.84%
2002 7.30%
2003 7.51%
2004 15.29%
2005 30.15%
2006 12.01%
2007 -2.39%
2008 -19.55%
2009 -10.85%
2010 -8.76%
2011 -12.38%
2012 -0.13%
Real Estate Appreciation, Rank & Percentile
Last Quarter 2.01% Rank: 48 of 381 (87th Percentile)
Last Year . . . . . . . . . . . . . . . . -0.1% Rank: 212 of 381 (44th Percentile)
Last 5 Years -43% Rank: 371 of 381 (2nd Percentile)
Last 10 Years . . . . . . . . . . . . 1% Rank: 322 of 381 (15th Percentile)
Last 20 Years 43% Rank: 340 of 368 (7th Percentile)
Decline From All Time High 44.66%
Home Price appreciation rates for Ocala, FL are shown above for five time
periods. For example: Ocala appreciated 2.01% in the Last Quarter. At that
rate, the Ocala Real Estate Market was ranked 48th out of 381 metropolitan
areas for Real Estate Appreciation. Ocala was in the 87th percentile. So Ocala,
FL performed better in the Last Quarter than 87% of the 381 metropolitan
areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Ocala, Florida
The all time high in the Ocala Home Price Index was 264.5 in the 1st Quarter, of
2007. The 4th Quarter, 2012 index value was 146.4. That's a decline of 118.15
points or 44.66% below the Ocala Home Price Index all time high. The Home
Price Index indicates that the Ocala Market is up 1% over the last 10 years.
Home Prices in the Ocala Real Estate Market have lost 0.13% over the last 12
months.
The 4th Quarter index value was 2.89 points higher than the 3rd Quarter, 2012
index value of 143.50, resulting in a 2.01% rise in the 4th Quarter for the Ocala
Market.
The Ocala Home Price Index increased in the last quarter after falling in the
previous quarter. 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 Ocala Real Estate Market
was 31% in the twelve months ended with the 1st Quarter of 2006. The worst
annual home appreciation rate in the Ocala Market was -20% in the twelve
months ended with the 4th Quarter of 2008.
The highest home appreciation in the Ocala Real Estate Market over a three
year period was 73% in the three years ended with the 3rd Quarter of 2006.
The worst home appreciation over a three year period in the Ocala Market was
-38% in the three years ended with the 2nd Quarter of 2010.
This page provides a long term graph of the Ocala Home Price Index (above).
For information about Florida home values, look at the links under that chart.
One link opens a forecast for home appreciation rates in the state of Florida.
Another link opens the home price index chart for Florida. 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 Ocala Home Prices
will be at your fingertips when you need them.
Historical data on the Ocala Home Price Index is available back to the 3rd
Quarter, of 1994. All calculations are based on the quarterly value of the House
Price Index for the Ocala 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 Ocala 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: Ocala, Florida
The appreciation of Ocala 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, Ocala Home Prices had a rank of 48, with
appreciation of 2.01%. 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, Ocala Home Prices had a rank of 212, with
appreciation during the year of -0.13%. 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, Ocala Home Prices
ranked 371, with a total appreciation of -42.7%. 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, Ocala Home Prices had
a rank of 322, with appreciation during the decade of 1%. 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, Ocala Home Prices had
a rank of 340, with total appreciation over the 20 year period of 43%. 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 Ocala Real Estate
Market is available back to the 3rd Quarter, of 1994. All calculations are based
on the quarterly value of the House Price Index for Ocala. 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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