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Holland, MI - House Price Index (HPI) - 27 Year Chart
Holland Real Estate Market
100
1000
The House Price Index (HPI) shows changes in Holland-Grand Haven, MI single family home prices
in logarithmic scale. The March, 1995 index value equals 100.  Updated Thursday, March 29, 2012.
Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Holland Real Estate Index: 27 Year Chart
Home Values Appreciation Rate - US Cities
10
Holland Real Estate Market: Trend, Analysis & Statistics
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Commentary  10212
4th Quarter, 2011 Housing Statistics: Holland, Michigan


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      92%

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 Holland housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Holland is 92%. In other words, when tested against
historical data, the forecasting methodology was correct 92% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Holland is 92% 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
Holland Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      91%

The forecast for the trend in the Holland housing market for the 3 years ending
with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend Forecast for
Holland is 91%. In other words, when tested against historical data, the
forecasting methodology was correct 91% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Holland is 91% 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 Holland Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Holland, Michigan


Historical Home Price Appreciation
Last Quarter                                     0.97%
Last Year . . . . . . . . . . . . . . . . . . . .  -1.7%
Last 5 Years                                     -14%
Last 10 Years . . . . . . . . . . . . . . . . . -2%
Last 20 Years                                   63%
Decline From All Time High               15.58%


Annual Home Price Appreciation Rates
1982      -8.47%
1983      4.84%
1984      4.99%
1985      5.64%
1986      3.85%
1987      6.86%
1988      9.65%
1989      5.35%
1990      3.92%
1991      3.28%
1992      1.95%
1993      2.36%
1994      9.92%
1995      5.05%
1996      7.03%
1997      5.01%
1998      3.74%
1999      7.02%
2000      5.18%
2001      4.84%
2002      3.57%
2003      3.91%
2004      4.31%
2005      2.13%
2006      -0.88%
2007      -1.46%
2008      -5.85%
2009      -3.65%
2010      -1.68%
2011      -1.67%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.97%         Rank: 93 of 381 (75th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -1.7%          Rank: 143 of 381 (62nd Percentile)
Last 5 Years                              -14%           Rank: 245 of 381 (35th Percentile)
Last 10 Years  . . . . . . . . . . . .   -2%            Rank: 356 of 381 (6th Percentile)
Last 20 Years                            63%            Rank: 282 of 355 (20th Percentile)
Decline From All Time High        15.58%

Home Price appreciation rates for Holland-Grand Haven, MI are shown above
for five time periods. For example: Holland appreciated 0.97% in the Last
Quarter. At that rate, the Holland Real Estate Market was ranked 93rd out of
381 metropolitan areas for Real Estate Appreciation. Holland was in the 75th
percentile. So Holland, MI performed better in the Last Quarter than 75% of the
381 metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Holland, Michigan

The data and analysis on this page pertains to Holland-Grand Haven, MI,
hereinafter referred to as "Holland". The all time high in the Holland Home Price
Index was 167.0 in the 3rd Quarter, of 2005. The 4th Quarter, 2011 index value
was 141.0. That's a decline of 26.02 points or 15.58% below the Holland Home
Price Index all time high.  The Home Price Index indicates that the Holland
Market is down 2% over the last 10 years. Home Prices in the Holland Real
Estate Market have lost 1.67% over the last 12 months. Over the last thirty
years, it is up 138%.

The 4th Quarter index value was 1.35 points higher than the 3rd Quarter, 2011
index value of 139.62, resulting in a 0.97% rise in the 4th Quarter for the
Holland Market.

The Holland Home Price Index has increased for the last 2 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 3 consecutive quarters. 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 highest annual home appreciation rate in the Holland Real Estate Market
was 11% in the twelve months ended with the 3rd Quarter of 1983. The worst
annual home appreciation rate in the Holland Market was -8% in the twelve
months ended with the 4th Quarter of 1982.

The highest home appreciation in the Holland Real Estate Market over a three
year period was 25% in the three years ended with the 1st Quarter of 1990.
The worst home appreciation over a three year period in the Holland Market
was -14% in the three years ended with the 1st Quarter of 2011.

This page provides a long term graph of the Holland Home Price Index (above).
The house price chart has been updated through the 4th Quarter of 2011. For
more information about Holland Home Prices, look at the links under that chart.
One link opens a long term chart of historical appreciation rates for the Holland
Real Estate Market. Another opens a forecast for appreciation rates in the state
of Michigan. 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 Holland Home Prices will be at your fingertips when you need
them.

Historical data on the Holland Home Price Index is available back to the 2nd
Quarter, of 1981. All calculations are based on the quarterly value of the House
Price Index for the Holland 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 Holland 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: Holland, Michigan

The appreciation of Holland 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 Holland-Grand Haven, MI, hereinafter referred to as "Holland".

Last Quarter:
During the 4th Quarter of 2011, Holland Home Prices had a rank of 93, with
appreciation of 0.97%. 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, Holland Home Prices had a rank of 143, with
appreciation during the year of -1.67%. 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, Holland Home Prices
ranked 245, with a total appreciation of -13.6%. 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, Holland Home Prices
had a rank of 356, with appreciation during the decade of -2%. 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, Holland Home Prices
had a rank of 282, with total appreciation over the 20 year period of 63%. 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 Holland Real Estate
Market is available back to the 2nd Quarter, of 1981. All calculations are based
on the quarterly value of the House Price Index for Holland. 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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