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Bloomington, IN - House Price Index (HPI) - 22 Year Chart
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Bloomington Real Estate Market (IN)
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The House Price Index (HPI) shows changes in Bloomington, IN single family home prices in
logarithmic scale. The March, 1995 index value equals 100. Updated Tuesday, April 17, 2012. Real
estate forecasts, analysis, statistics and appreciation rates are provided below.
Bloomington Real Estate Market: Trend, Analysis & Statistics
1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010
Commentary 10099
4th Quarter, 2011 Housing Statistics: Bloomington, Indiana
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 89%
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 Bloomington housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Bloomington is 89%. In other words, when tested against
historical data, the forecasting methodology was correct 89% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Bloomington is 89% during this period. If this Housing Market Forecast
is correct, home prices will be lower in the 4th Quarter of 2012 than they were in
the 4th Quarter of 2011. Check this page each quarter for updates to the
Bloomington Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 95%
The forecast for the trend in the Bloomington housing market for the 3 years
ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Bloomington is 95%. In other words, when tested against historical
data, the forecasting methodology was correct 95% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Bloomington is 95% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 4th Quarter of 2014 than they were in
the 4th Quarter of 2011. Check this page each quarter for updates to the
Bloomington Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Bloomington, Indiana
Historical Home Price Appreciation
Last Quarter -0.36%
Last Year . . . . . . . . . . . . . . . . . . . . -1.6%
Last 5 Years -1%
Last 10 Years . . . . . . . . . . . . . . . . . 16%
Last 20 Years 77%
Decline From All Time High 2.06%
Annual Home Price Appreciation Rates
1982 n/a
1983 n/a
1984 n/a
1985 n/a
1986 n/a
1987 5.33%
1988 6.42%
1989 10.29%
1990 1.52%
1991 3.71%
1992 4.72%
1993 6.44%
1994 4.13%
1995 7.72%
1996 1.26%
1997 5.07%
1998 3.68%
1999 -0.05%
2000 4.87%
2001 4.73%
2002 2.84%
2003 5.31%
2004 5.74%
2005 2.77%
2006 4.91%
2007 2.37%
2008 1.32%
2009 0.40%
2010 2.77%
2011 -1.32%
Real Estate Appreciation, Rank & Percentile
Last Quarter -0.36% Rank: 282 of 381 (26th Percentile)
Last Year . . . . . . . . . . . . . . . . -1.6% Rank: 139 of 381 (63rd Percentile)
Last 5 Years -1% Rank: 127 of 381 (66th Percentile)
Last 10 Years . . . . . . . . . . . . 16% Rank: 279 of 381 (26th Percentile)
Last 20 Years 77% Rank: 221 of 355 (37th Percentile)
Decline From All Time High 2.06%
Home Price appreciation rates for Bloomington, IN are shown above for five time
periods. For example: Bloomington appreciated -0.50% in the Last Quarter. At
that rate, the Bloomington Real Estate Market was ranked 305th out of 381
metropolitan areas for Real Estate Appreciation. Bloomington was in the 20th
percentile. So Bloomington, IN performed better in the Last Quarter than 20% of
the 381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Bloomington, Indiana
The all time high in the Bloomington Home Price Index was 168.2 in the 4th
Quarter, of 2010. The 4th Quarter, 2011 index value was 166.0. That's a
decline of 2.22 points or 1.32% below the Bloomington Home Price Index all
time high. The Home Price Index indicates that the Bloomington Market is up
30% over the last 10 years. Home Prices in the Bloomington Real Estate Market
have lost 1.32% over the last 12 months.
The 4th Quarter index value was 0.83 points lower than the 3rd Quarter, 2011
index value of 166.83, resulting in a 0.50% decline for the 4th Quarter in the
Bloomington Market.
The Bloomington Home Price Index declined in the last quarter after increasing
in the previous quarter. The current record holder for consecutive declines in
the Home Price Index is Las Vegas, NV, with declines in the last 20 consecutive
quarters. The current record holders for consecutive increases in the Home
Price Index are Wheeling, WV; Washington, DC; St. Cloud, MN and Grand
Forks, ND, with increases in the last 4 consecutive quarters.
The highest annual home appreciation rate in the Bloomington Real Estate
Market was 11% in the twelve months ended with the 3rd Quarter of 1989. The
worst annual home appreciation rate in the Bloomington Market was -3% in the
twelve months ended with the 2nd Quarter of 2011.
The highest home appreciation in the Bloomington Real Estate Market over a
three year period was 24% in the three years ended with the 4th Quarter of
1989. The worst home appreciation over a three year period in the Bloomington
Market was -2% in the three years ended with the 2nd Quarter of 2011.
This page provides a long term graph of the Bloomington Home Price Index
(above). The house price chart has been updated through the 4th Quarter of
2011. For more information about Bloomington Home Prices, look at the links
under that chart. One link opens a long term chart of historical appreciation
rates for the Bloomington Real Estate Market. Another opens a forecast for
appreciation rates in the state of Indiana. 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 Bloomington Home
Prices will be at your fingertips when you need them.
Historical data on the Bloomington Home Price Index is available back to the 3rd
Quarter, of 1986. All calculations are based on the quarterly value of the House
Price Index for the Bloomington 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 Bloomington 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, 2011 Housing Data: Bloomington, Indiana
The appreciation of Bloomington 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 2011, Bloomington Home Prices had a rank of 305,
with appreciation of -0.50%. The top performing real estate market during the
4th Quarter was Vineland, NJ, with appreciation of 6.09%. The worst market
during that period was Valdosta, GA, with appreciation of -5.24%.
The median appreciation for all cities during the 4th Quarter was 0.24%. The
average appreciation for all markets during the quarter was 0.29%.
Last Year:
During the last 12 months, Bloomington Home Prices had a rank of 125, with
appreciation during the year of -1.32%. The top performing market during the
last year was Midland, TX, with appreciation of 4.7%. The worst real estate
market during that period was Carson City, NV, with appreciation of -18.1%.
The median appreciation for all markets during this period was -2.61%. The
average appreciation was -2.93%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2011, Bloomington Home Prices
ranked 40, with a total appreciation of 5.6%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 23%. The
worst market during that period was Merced, CA, with appreciation of -62%.
The median appreciation for all cities during this time period was -7%. The
average appreciation over the 5 years was -11%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2011, Bloomington Home
Prices had a rank of 144, with appreciation during the decade of 30%. The top
performing market during the period was Midland, TX, with appreciation of 92%.
The worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -29%.
The median appreciation for all markets during the last 10 years was 24%. The
average appreciation for the cities over that time frame was 25%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2011, Bloomington Home
Prices had a rank of 118, with total appreciation over the 20 year period of
97%. The top performing real estate market during the period was Casper, WY,
with appreciation of 222%. The worst market during the last 20 years was Las
Vegas, NV, with appreciation of 5%.
The median appreciation for all cities during the last 20 years was 85%. The
average appreciation for the markets over that time frame was 87%.
Historical research data on the Home Price Index for the Bloomington Real
Estate Market is available back to the 3rd Quarter, of 1986. All calculations are
based on the quarterly value of the House Price Index for Bloomington. 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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