Commentary 11463
3rd Quarter, 2012 Data: New Mexico
The 12 month forecast for New Mexico Real Estate prices is in the table at the
top of this page. Forecast-Chart.com is forecasting a decline in New Mexico
Home Prices of 2.23%. The table shows a HDTFA of 3.74% which suggests that
appreciation rates over the next year for New Mexico Real Estate could easily
end up anywhere between 1.51% and -5.97%. Links to Forecasts for 49 other
states and the District of Columbia may be found on the right side of this page.
The average real estate forecast for all 50 states is 0.17%. So New Mexico Real
Estate prices are forecasted to underperform the rest of the country. The
highest appreciation rate forecast of all Real estate forecasts at this site is
5.65% for Arizona. The lowest is -4.46% for Georgia.
Historical Home Price Appreciation: New Mexico
Last Quarter 1.15%
Last Year -1.6%
Last 5 Years -14%
Last 10 Years 30%
Last 20 Years 95%
Decline From All Time High 14.52%
Annual Home Price Appreciation Rates: New Mexico
1982 5.04%
1983 1.14%
1984 1.18%
1985 1.08%
1986 3.61%
1987 -1.53%
1988 -1.00%
1989 4.25%
1990 -0.01%
1991 3.81%
1992 5.42%
1993 7.62%
1994 10.32%
1995 5.91%
1996 0.79%
1997 2.75%
1998 2.52%
1999 0.21%
2000 1.70%
2001 4.58%
2002 4.39%
2003 5.84%
2004 8.14%
2005 14.00%
2006 11.87%
2007 3.16%
2008 -3.29%
2009 -4.35%
2010 -2.30%
2011 -3.22%
The highest annual appreciation rate in New Mexico Real Estate was 18% in the
twelve months ended with the 4th Quarter of 1977. The worst annual
appreciation rate in New Mexico was -6% in the twelve months ended with the
3rd Quarter of 1983.
The highest appreciation in New Mexico Real Estate over a three year period
was 59% in the three years ended with the 1st Quarter of 1979. The worst
appreciation over a three year period in New Mexico was -12% in the three
years ended with the 2nd Quarter of 2011.
This page provides a five year chart of appreciation rates and a forecast for the
New Mexico House Price Index. The chart shows the five years ended in the 3rd
Quarter of 2012. For links to longer term charts, look at the links under the five
year chart (above). One link opens a chart showing over thirty years of
historical appreciation rates for New Mexico Real Estate. Another opens a
graph showing over thirty years of the New Mexico House Price Index. Just one
glance at our long term charts can provide tremendous insight into the historical
trends of residential property values. And those pages contain more than just
charts. You'll find a wealth of other helpful statistics about New Mexico Real
Estate.
Historical data on the New Mexico House Price Index is available back to the first
quarter of 1975. All calculations are based on the quarterly value of the House
Price Index for New Mexico.
In this site, you may view the one, five & ten year home appreciation rates for
New Mexico and the other 49 states in one convenient table. Click the 50 State
Home Appreciation Rate Table link above. The link is under the New Mexico
Real Estate Appreciation Rate Chart at the top of this page. You'll see a
snapshot of historical Home Prices for New Mexico as compared to U.S. home
appreciation rates.
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Average annual New Mexico house appreciation RATE according to the House Price Index (HPI) is
shown in gray. The forecast for annual appreciation through the target month is shown in green.
New Mexico - Real Estate Appreciation Rate - 5 Year History
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New Mexico Real Estate Forecast
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Forecast: Annual real estate appreciation rate for single family homes in the New Mexico residential housing market for the 12 months ending in the target month shown at the left.
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Updated Tuesday, December 18, 2012.
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New Mexico Real Estate Forecast
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