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Peoria, IL - House Price Index (HPI) - 29 Year Chart
Peoria Real Estate Market
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The House Price Index (HPI) shows changes in Peoria, IL single family home prices in logarithmic
scale. The March, 1995 index value equals 100.  Updated Tuesday, May 1, 2012. Real estate
forecasts, analysis, statistics and appreciation rates are provided below.
Peoria Real Estate Index: 29 Year Chart
Home Values Appreciation Rate - US Cities
10
Peoria Real Estate Market: Trend, Analysis & Statistics
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Commentary  10326
4th Quarter, 2011 Housing Statistics: Peoria, Illinois


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      80%

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 Peoria housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Peoria is 80%. In other words, when tested against historical
data, the forecasting methodology was correct 80% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Peoria is 80% 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 Peoria Real
Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      86%

The forecast for the trend in the Peoria housing market for the 3 years ending
with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend Forecast for
Peoria is 86%. In other words, when tested against historical data, the
forecasting methodology was correct 86% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Peoria is 86% 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 Peoria Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Peoria, Illinois


Historical Home Price Appreciation
Last Quarter                         0.23%
Last Year                              -1.3%
Last 5 Years                         2%
Last 10 Years                       23%
Last 20 Years                       100%
Decline From All Time High   1.48%


Annual Home Price Appreciation Rates
1982      -3.27%
1983      0.41%
1984      -3.96%
1985      -7.58%
1986      5.76%
1987      2.82%
1988      6.72%
1989      10.14%
1990      4.38%
1991      6.09%
1992      3.55%
1993      5.83%
1994      8.76%
1995      5.99%
1996      5.99%
1997      4.73%
1998      3.76%
1999      2.87%
2000      3.67%
2001      5.14%
2002      3.69%
2003      2.29%
2004      4.25%
2005      4.53%
2006      3.56%
2007      2.23%
2008      -0.01%
2009      1.31%
2010      0.17%
2011      -1.29%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.23%         Rank: 192 of 381 (49th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -1.3%          Rank: 123 of 381 (67th Percentile)
Last 5 Years                              2%              Rank: 86 of 381 (77th Percentile)
Last 10 Years  . . . . . . . . . . . .   23%            Rank: 213 of 381 (44th Percentile)
Last 20 Years                            100%          Rank: 107 of 355 (70th Percentile)
Decline From All Time High        1.48%

Home Price appreciation rates for Peoria, IL are shown above for five time
periods. For example: Peoria appreciated 0.23% in the Last Quarter. At that
rate, the Peoria Real Estate Market was ranked 192nd out of 381 metropolitan
areas for Real Estate Appreciation. Peoria was in the 49th percentile. So
Peoria, IL performed better in the Last Quarter than 49% of the 381
metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Peoria, Illinois

The all time high in the Peoria Home Price Index was 169.4 in the 3rd Quarter,
of 2010. The 4th Quarter, 2011 index value was 166.9. That's a decline of 2.50
points or 1.48% below the Peoria Home Price Index all time high.  The Home
Price Index indicates that the Peoria Market is up 23% over the last 10 years.
Home Prices in the Peoria Real Estate Market have lost 1.29% over the last 12
months. Over the last thirty years, it is up 144%.

The 4th Quarter index value was 0.39 points higher than the 3rd Quarter, 2011
index value of 166.54, resulting in a 0.23% rise in the 4th Quarter for the Peoria
Market.

The Peoria 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 Peoria Real Estate Market
was 20% in the twelve months ended with the 2nd Quarter of 1981. The worst
annual home appreciation rate in the Peoria Market was -17% in the twelve
months ended with the 1st Quarter of 1984.

The highest home appreciation in the Peoria Real Estate Market over a three
year period was 25% in the three years ended with the 1st Quarter of 1991.
The worst home appreciation over a three year period in the Peoria Market was
-23% in the three years ended with the 1st Quarter of 1985.

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

Historical data on the Peoria Home Price Index is available back to the 3rd
Quarter, of 1979. All calculations are based on the quarterly value of the House
Price Index for the Peoria 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 Peoria 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: Peoria, Illinois

The appreciation of Peoria 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, Peoria Home Prices had a rank of 192, with
appreciation of 0.23%. 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, Peoria Home Prices had a rank of 123, with
appreciation during the year of -1.29%. 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, Peoria Home Prices
ranked 86, with a total appreciation of 2.4%. 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, Peoria Home Prices had
a rank of 213, with appreciation during the decade of 23%. 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, Peoria Home Prices had
a rank of 107, with total appreciation over the 20 year period of 100%. 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 Peoria Real Estate
Market is available back to the 3rd Quarter, of 1979. The chart has been
updated through the 4th Quarter of 2011. All calculations are based on the
quarterly value of the House Price Index for Peoria. 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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