Commentary  11445
3rd Quarter, 2012 Data: Illinois
The 12 month forecast for Illinois Real Estate prices is in the table at the top of 
this page. Forecast-Chart.com is forecasting a decline in Illinois Home Prices of 
1.48%. The table shows a HDTFA of 2.40% which suggests that appreciation 
rates over the next year for Illinois Real Estate could easily end up anywhere 
between 0.92% and -3.88%.  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 Illinois 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: Illinois
Last Quarter                         1.21%
Last Year                              -1.2%
Last 5 Years                         -18%
Last 10 Years                       8%
Last 20 Years                       67%
Decline From All Time High   18.48%
Annual Home Price Appreciation Rates: Illinois
1982      -5.86%
1983      5.55%
1984      5.22%
1985      4.84%
1986      8.49%
1987      9.52%
1988      8.65%
1989      7.47%
1990      3.71%
1991      4.40%
1992      3.48%
1993      3.47%
1994      3.89%
1995      4.67%
1996      2.88%
1997      3.38%
1998      3.01%
1999      4.62%
2000      6.67%
2001      5.93%
2002      6.06%
2003      6.71%
2004      8.33%
2005      8.60%
2006      4.15%
2007      0.02%
2008      -5.34%
2009      -6.76%
2010      -1.84%
2011      -4.07%
The highest annual appreciation rate in Illinois Real Estate was 21% in the 
twelve months ended with the 2nd Quarter of 1978. The worst annual 
appreciation rate in Illinois was -8% in the twelve months ended with the 1st 
Quarter of 2010.
The highest appreciation in Illinois Real Estate over a three year period was 
58% in the three years ended with the 3rd Quarter of 1978. The worst 
appreciation over a three year period in Illinois was -16% in the three years 
ended with the 1st Quarter of 2011.
This page provides a five year chart of appreciation rates and a forecast for the 
Illinois 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 Illinois Real Estate. Another opens a graph 
showing over thirty years of the Illinois 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 Illinois Real Estate.
Historical data on the Illinois 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 Illinois.
In this site, you may view the one, five & ten year home appreciation rates for 
Illinois and the other 49 states in one convenient table. Click the 50 State Home 
Appreciation Rate Table link above. The link is under the Illinois Real Estate 
Appreciation Rate Chart at the top of this page. You'll see a snapshot of 
historical Home Prices for Illinois as compared to U.S. home appreciation rates.
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              | Illinois - Real Estate Appreciation Rate - 5 Year History 
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| | Illinois Real Estate Forecast 
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|  |  |  | | Forecast: Annual real estate appreciation rate for single family homes in the Illinois 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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              | Illinois Real Estate Forecast 
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        Average annual Illinois 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.
         
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