Table 3 Correlation between the ratio of vacant homes and real estate price

Division Mean price of residential parcels (2005) Mean price of residential parcels (2010) Mean price of residential parcels (2015)
Ratio of vacant homes (2005) -0.340** -0.392** -0.418**
Ratio of vacant homes (2010) -0.322** -0.334* -0.362*
Ratio of vacant homes (2015) -0.404** -0.378** -0.418**
** The correlation coefficient is significant at the level 0.01 (two-tailed).