| Springfield, IL - House Price Index (HPI) - 24 Year Chart |
| Springfield Real Estate Market Forecast (IL) |
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The House Price Index (HPI) shows changes in Springfield, IL single family home prices in
logarithmic scale. The March, 1995 index value equals 100. Updated Saturday, December 29, 2012.
See real estate forecasts, analysis, statistics and appreciation rates below.
logarithmic scale. The March, 1995 index value equals 100. Updated Saturday, December 29, 2012.
See real estate forecasts, analysis, statistics and appreciation rates below.
| Springfield Real Estate Index: 24 Year Chart Home Values Appreciation Rate - US Cities |
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Springfield 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 13435
4th Quarter, 2012 Housing Statistics: Springfield, Illinois
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: UP
Forecast Accuracy: 96%
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 Springfield housing market for the 12
months ending with the 4th Quarter of 2013 is UP. The Accuracy of the Trend
Forecast for Springfield is 96%. In other words, when tested against historical
data, the forecasting methodology was correct 96% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Springfield is 96% 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 Springfield
Real Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 98%
The forecast for the trend in the Springfield housing market for the 3 years
ending with the 4th Quarter of 2015 is UP. The Accuracy of the Trend Forecast
for Springfield is 98%. In other words, when tested against historical data, the
forecasting methodology was correct 98% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Springfield is 98% 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 Springfield
Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Springfield, Illinois
Historical Home Price Appreciation
Last Quarter 0.85%
Last Year 1.4%
Last 5 Years 4%
Last 10 Years 20%
Last 20 Years 53%
Annual Home Price Appreciation Rates
1983 n/a
1984 n/a
1985 4.90%
1986 4.12%
1987 6.12%
1988 1.95%
1989 4.33%
1990 5.76%
1991 4.41%
1992 3.60%
1993 3.85%
1994 2.54%
1995 5.16%
1996 2.65%
1997 1.35%
1998 1.67%
1999 0.18%
2000 2.24%
2001 2.88%
2002 2.17%
2003 3.56%
2004 3.94%
2005 2.54%
2006 3.13%
2007 1.16%
2008 0.43%
2009 0.30%
2010 1.27%
2011 0.81%
2012 1.42%
Real Estate Appreciation, Rank & Percentile
Last Quarter 0.85% Rank: 139 of 381 (63rd Percentile)
Last Year . . . . . . . . . . . . . . . . 1.4% Rank: 112 of 381 (70th Percentile)
Last 5 Years 4% Rank: 37 of 381 (90th Percentile)
Last 10 Years . . . . . . . . . . . . 20% Rank: 169 of 381 (55th Percentile)
Last 20 Years 53% Rank: 301 of 368 (18th Percentile)
Home Price appreciation rates for Springfield, IL are shown above for five time
periods. For example: Springfield appreciated 0.85% in the Last Quarter. At
that rate, the Springfield Real Estate Market was ranked 139th out of 381
metropolitan areas for Real Estate Appreciation. Springfield was in the 63rd
percentile. So Springfield, IL performed better in the Last Quarter than 63% of
the 381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Springfield, Illinois
The all time high in the Springfield Home Price Index was 140.5 in the 4th
Quarter, of 2012. The Home Price Index indicates that the Springfield Market is
up 20% over the last 10 years. Home prices in the Springfield Real Estate
Market have gained 1.42% over the last 12 months.
The 4th Quarter index value was 1.19 points higher than the 3rd Quarter, 2012
index value of 139.35, resulting in a 0.85% rise in the 4th Quarter for the
Springfield Market.
The Springfield Home Price Index has increased for the last 3 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 Springfield Real Estate
Market was 6% in the twelve months ended with the 3rd Quarter of 1989. The
worst annual home appreciation rate in the Springfield Market was -1% in the
twelve months ended with the 2nd Quarter of 2009.
The highest home appreciation in the Springfield Real Estate Market over a
three year period was 16% in the three years ended with the 4th Quarter of
1987. The worst home appreciation over a three year period in the Springfield
Market was 2% in the three years ended with the 1st Quarter of 2010.
This page provides a long term graph of the Springfield Home Price Index
(above). For information about Illinois home values, look at the links under that
chart. One link opens a forecast for home appreciation rates in the state of
Illinois. Another link opens the home price index chart for Illinois. 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
Springfield Home Prices will be at your fingertips when you need them.
Historical data on the Springfield Home Price Index is available back to the 3rd
Quarter, of 1984. All calculations are based on the quarterly value of the House
Price Index for the Springfield 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 Springfield 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: Springfield, Illinois
The appreciation of Springfield 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, Springfield Home Prices had a rank of 139, with
appreciation of 0.85%. 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, Springfield Home Prices had a rank of 112, with
appreciation during the year of 1.42%. 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, Springfield Home Prices
ranked 37, with a total appreciation of 4.3%. 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, Springfield Home Prices
had a rank of 169, with appreciation during the decade of 20%. 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, Springfield Home Prices
had a rank of 301, with total appreciation over the 20 year period of 53%. 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 Springfield Real Estate
Market is available back to the 3rd Quarter, of 1984. All calculations are based
on the quarterly value of the House Price Index for Springfield. 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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SignalTrend Inc. 2008 - 2012, All Rights Reserved
4th Quarter, 2012 Housing Statistics: Springfield, Illinois
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: UP
Forecast Accuracy: 96%
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 Springfield housing market for the 12
months ending with the 4th Quarter of 2013 is UP. The Accuracy of the Trend
Forecast for Springfield is 96%. In other words, when tested against historical
data, the forecasting methodology was correct 96% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Springfield is 96% 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 Springfield
Real Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 98%
The forecast for the trend in the Springfield housing market for the 3 years
ending with the 4th Quarter of 2015 is UP. The Accuracy of the Trend Forecast
for Springfield is 98%. In other words, when tested against historical data, the
forecasting methodology was correct 98% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Springfield is 98% 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 Springfield
Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Springfield, Illinois
Historical Home Price Appreciation
Last Quarter 0.85%
Last Year 1.4%
Last 5 Years 4%
Last 10 Years 20%
Last 20 Years 53%
Annual Home Price Appreciation Rates
1983 n/a
1984 n/a
1985 4.90%
1986 4.12%
1987 6.12%
1988 1.95%
1989 4.33%
1990 5.76%
1991 4.41%
1992 3.60%
1993 3.85%
1994 2.54%
1995 5.16%
1996 2.65%
1997 1.35%
1998 1.67%
1999 0.18%
2000 2.24%
2001 2.88%
2002 2.17%
2003 3.56%
2004 3.94%
2005 2.54%
2006 3.13%
2007 1.16%
2008 0.43%
2009 0.30%
2010 1.27%
2011 0.81%
2012 1.42%
Real Estate Appreciation, Rank & Percentile
Last Quarter 0.85% Rank: 139 of 381 (63rd Percentile)
Last Year . . . . . . . . . . . . . . . . 1.4% Rank: 112 of 381 (70th Percentile)
Last 5 Years 4% Rank: 37 of 381 (90th Percentile)
Last 10 Years . . . . . . . . . . . . 20% Rank: 169 of 381 (55th Percentile)
Last 20 Years 53% Rank: 301 of 368 (18th Percentile)
Home Price appreciation rates for Springfield, IL are shown above for five time
periods. For example: Springfield appreciated 0.85% in the Last Quarter. At
that rate, the Springfield Real Estate Market was ranked 139th out of 381
metropolitan areas for Real Estate Appreciation. Springfield was in the 63rd
percentile. So Springfield, IL performed better in the Last Quarter than 63% of
the 381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Springfield, Illinois
The all time high in the Springfield Home Price Index was 140.5 in the 4th
Quarter, of 2012. The Home Price Index indicates that the Springfield Market is
up 20% over the last 10 years. Home prices in the Springfield Real Estate
Market have gained 1.42% over the last 12 months.
The 4th Quarter index value was 1.19 points higher than the 3rd Quarter, 2012
index value of 139.35, resulting in a 0.85% rise in the 4th Quarter for the
Springfield Market.
The Springfield Home Price Index has increased for the last 3 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 Springfield Real Estate
Market was 6% in the twelve months ended with the 3rd Quarter of 1989. The
worst annual home appreciation rate in the Springfield Market was -1% in the
twelve months ended with the 2nd Quarter of 2009.
The highest home appreciation in the Springfield Real Estate Market over a
three year period was 16% in the three years ended with the 4th Quarter of
1987. The worst home appreciation over a three year period in the Springfield
Market was 2% in the three years ended with the 1st Quarter of 2010.
This page provides a long term graph of the Springfield Home Price Index
(above). For information about Illinois home values, look at the links under that
chart. One link opens a forecast for home appreciation rates in the state of
Illinois. Another link opens the home price index chart for Illinois. 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
Springfield Home Prices will be at your fingertips when you need them.
Historical data on the Springfield Home Price Index is available back to the 3rd
Quarter, of 1984. All calculations are based on the quarterly value of the House
Price Index for the Springfield 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 Springfield 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: Springfield, Illinois
The appreciation of Springfield 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, Springfield Home Prices had a rank of 139, with
appreciation of 0.85%. 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, Springfield Home Prices had a rank of 112, with
appreciation during the year of 1.42%. 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, Springfield Home Prices
ranked 37, with a total appreciation of 4.3%. 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, Springfield Home Prices
had a rank of 169, with appreciation during the decade of 20%. 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, Springfield Home Prices
had a rank of 301, with total appreciation over the 20 year period of 53%. 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 Springfield Real Estate
Market is available back to the 3rd Quarter, of 1984. All calculations are based
on the quarterly value of the House Price Index for Springfield. 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.)
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
SignalTrend Inc. 2008 - 2012, All Rights Reserved
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