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Niles, MI - House Price Index (HPI) - 26 Year Chart
Niles Real Estate Market
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The House Price Index (HPI) shows changes in Niles-Benton Harbor, MI single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Wednesday, April 25, 2012.
Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Niles Real Estate Index: 26 Year Chart
Home Values Appreciation Rate - US Cities
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Niles Real Estate Market: Trend, Analysis & Statistics
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Commentary  10305
4th Quarter, 2011 Housing Statistics: Niles, Michigan


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      94%

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 Niles housing market for the 12 months
ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the Trend
Forecast for Niles is 94%. In other words, when tested against historical data,
the forecasting methodology was correct 94% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Niles is 94% 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 Niles Real Estate
Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      91%

The forecast for the trend in the Niles housing market for the 3 years ending
with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend Forecast for
Niles 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 Niles 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 Niles Real Estate Market Forecast.




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


Historical Home Price Appreciation
Last Quarter                         -1.48%
Last Year                              -4.0%
Last 5 Years                         -10%
Last 10 Years                       14%
Last 20 Years                       94%
Decline From All Time High   12.48%


Annual Home Price Appreciation Rates
1982        n/a
1983        n/a
1984        n/a
1985      -1.73%
1986      12.87%
1987      12.17%
1988      9.09%
1989      7.09%
1990      5.60%
1991      2.43%
1992      4.05%
1993      3.95%
1994      7.03%
1995      7.63%
1996      3.89%
1997      6.30%
1998      5.05%
1999      1.86%
2000      8.57%
2001      6.38%
2002      4.62%
2003      3.97%
2004      4.94%
2005      9.91%
2006      0.62%
2007      2.95%
2008      -3.38%
2009      -3.36%
2010      -1.95%
2011      -4.00%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -1.48%        Rank: 348 of 381 (8th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -4.0%          Rank: 262 of 381 (31st Percentile)
Last 5 Years                              -10%           Rank: 222 of 381 (41st Percentile)
Last 10 Years  . . . . . . . . . . . .   14%            Rank: 287 of 381 (24th Percentile)
Last 20 Years                            94%            Rank: 129 of 355 (63rd Percentile)
Decline From All Time High        12.48%

Home Price appreciation rates for Niles-Benton Harbor, MI are shown above for
five time periods. For example: Niles appreciated -1.48% in the Last Quarter. At
that rate, the Niles Real Estate Market was ranked 348th out of 381
metropolitan areas for Real Estate Appreciation. Niles was in the 8th percentile.
So Niles, MI performed better in the Last Quarter than 8% of the 381
metropolitan areas covered in Forecast-Chart.com.

























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

The data and analysis on this page pertains to Niles-Benton Harbor, MI,
hereinafter referred to as "Niles". The all time high in the Niles Home Price Index
was 187.4 in the 1st Quarter, of 2008. The 4th Quarter, 2011 index value was
164.0. That's a decline of 23.39 points or 12.48% below the Niles Home Price
Index all time high.  The Home Price Index indicates that the Niles Market is up
14% over the last 10 years. Home Prices in the Niles Real Estate Market have
lost 4.00% over the last 12 months.

The 4th Quarter index value was 2.47 points lower than the 3rd Quarter, 2011
index value of 166.49, resulting in a 1.48% decline for the 4th Quarter in the
Niles Market.

The Niles 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 3 consecutive quarters.

The highest annual home appreciation rate in the Niles Real Estate Market was
13% in the twelve months ended with the 1st Quarter of 1988. The worst annual
home appreciation rate in the Niles Market was -5% in the twelve months ended
with the 1st Quarter of 2010.

The highest home appreciation in the Niles Real Estate Market over a three
year period was 39% in the three years ended with the 4th Quarter of 1985.
The worst home appreciation over a three year period in the Niles Market was
-12% in the three years ended with the 2nd Quarter of 2011.

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

Historical data on the Niles Home Price Index is available back to the 4th
Quarter, of 1982. All calculations are based on the quarterly value of the House
Price Index for the Niles 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 Niles 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: Niles, Michigan

The appreciation of Niles 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 Niles-Benton Harbor, MI, hereinafter referred to as "Niles".

Last Quarter:
During the 4th Quarter of 2011, Niles Home Prices had a rank of 348, with
appreciation of -1.48%. 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, Niles Home Prices had a rank of 262, with
appreciation during the year of -4.00%. 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, Niles Home Prices ranked
222, with a total appreciation of -9.5%. 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, Niles Home Prices had a
rank of 287, with appreciation during the decade of 14%. 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, Niles Home Prices had a
rank of 129, with total appreciation over the 20 year period of 94%. 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 Niles Real Estate
Market is available back to the 4th Quarter, of 1982. All calculations are based
on the quarterly value of the House Price Index for Niles. 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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