Des Moines, IA - House Price Index (HPI) - 31 Year Chart
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Des Moines Real Estate Market & Home Price Forecast
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The House Price Index (HPI) shows changes in Des Moines-West Des Moines, IA 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.
Des Moines Real Estate Market: Trend, Analysis & Statistics
1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010
Commentary 13202
4th Quarter, 2012 Housing Statistics: Des Moines, Iowa
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 84%
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 Des Moines housing market for the 12
months ending with the 4th Quarter of 2013 is DOWN. The Accuracy of the
Trend Forecast for Des Moines is 84%. In other words, when tested against
historical data, the forecasting methodology was correct 84% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Des Moines is 84% 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 Des
Moines Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 83%
The forecast for the trend in the Des Moines housing market for the 3 years
ending with the 4th Quarter of 2015 is DOWN. The Accuracy of the Trend
Forecast for Des Moines is 83%. In other words, when tested against historical
data, the forecasting methodology was correct 83% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in Des
Moines is 83% 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 Des Moines
Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Des Moines, Iowa
Historical Home Price Appreciation
Last Quarter 0.01%
Last Year . . . . . . . . . . . . . . . . . . . . -0.1%
Last 5 Years -5%
Last 10 Years . . . . . . . . . . . . . . . . . 13%
Last 20 Years 80%
Decline From All Time High 5.14%
Annual Home Price Appreciation Rates
1983 4.44%
1984 2.21%
1985 5.03%
1986 2.02%
1987 0.25%
1988 4.29%
1989 3.92%
1990 4.51%
1991 4.15%
1992 3.17%
1993 5.02%
1994 6.41%
1995 6.26%
1996 3.21%
1997 4.10%
1998 5.14%
1999 3.54%
2000 4.73%
2001 5.56%
2002 3.84%
2003 4.95%
2004 4.42%
2005 5.17%
2006 1.37%
2007 1.71%
2008 -1.86%
2009 -1.99%
2010 -0.27%
2011 -0.64%
2012 -0.13%
Real Estate Appreciation, Rank & Percentile
Last Quarter 0.01% Rank: 265 of 381 (30th Percentile)
Last Year . . . . . . . . . . . . . . . . -0.1% Rank: 213 of 381 (44th Percentile)
Last 5 Years -5% Rank: 135 of 381 (64th Percentile)
Last 10 Years . . . . . . . . . . . . 13% Rank: 240 of 381 (37th Percentile)
Last 20 Years 80% Rank: 169 of 368 (54th Percentile)
Decline From All Time High 5.14%
Home Price appreciation rates for Des Moines-West Des Moines, IA are shown
above for five time periods. For example: Des Moines appreciated 0.01% in the
Last Quarter. At that rate, the Des Moines Real Estate Market was ranked
265th out of 381 metropolitan areas for Real Estate Appreciation. Des Moines
was in the 30th percentile. So Des Moines, IA performed better in the Last
Quarter than 30% of the 381 metropolitan areas covered in
Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Des Moines, Iowa
The data and analysis on this page pertains to Des Moines-West Des Moines,
IA, hereinafter referred to as "Des Moines". The all time high in the Des Moines
Home Price Index was 167.9 in the 1st Quarter, of 2008. The 4th Quarter, 2012
index value was 159.2. That's a decline of 8.63 points or 5.14% below the Des
Moines Home Price Index all time high. The Home Price Index indicates that the
Des Moines Market is up 13% over the last 10 years. Home Prices in the Des
Moines Real Estate Market have lost 0.13% over the last 12 months. Over the
last thirty years, it is up 152%.
The 4th Quarter index value was 0.02 points higher than the 3rd Quarter, 2012
index value of 159.22, resulting in a 0.01% rise in the 4th Quarter for the Des
Moines Market.
The Des Moines 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 Des Moines Real Estate
Market was 15% in the twelve months ended with the 3rd Quarter of 1983. The
worst annual home appreciation rate in the Des Moines Market was -12% in the
twelve months ended with the 2nd Quarter of 1981.
The highest home appreciation in the Des Moines Real Estate Market over a
three year period was 23% in the three years ended with the 3rd Quarter of
1985. The worst home appreciation over a three year period in the Des Moines
Market was -11% in the three years ended with the 3rd Quarter of 1982.
This page provides a long term graph of the Des Moines Home Price Index
(above). For information about Iowa home values, look at the links under that
chart. One link opens a forecast for home appreciation rates in the state of
Iowa. Another link opens the home price index chart for Iowa. 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 Des Moines Home
Prices will be at your fingertips when you need them.
Historical data on the Des Moines Home Price Index is available back to the 3rd
Quarter, of 1977. All calculations are based on the quarterly value of the House
Price Index for the Des Moines 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 Des Moines 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: Des Moines, Iowa
The appreciation of Des Moines 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 Des Moines-West Des Moines, IA, hereinafter referred to as "Des Moines".
Last Quarter:
During the 4th Quarter of 2012, Des Moines Home Prices had a rank of 265,
with appreciation of 0.01%. 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, Des Moines Home Prices had a rank of 213, 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, Des Moines Home Prices
ranked 135, with a total appreciation of -4.8%. 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, Des Moines Home Prices
had a rank of 240, with appreciation during the decade of 13%. 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, Des Moines Home Prices
had a rank of 169, with total appreciation over the 20 year period of 80%. 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 Des Moines Real
Estate Market is available back to the 3rd Quarter, of 1977. All calculations are
based on the quarterly value of the House Price Index for Des Moines. 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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