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Provo, UT - House Price Index (HPI) - 25 Year Chart
Provo Real Estate Market
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The House Price Index (HPI) shows changes in Provo-Orem, UT 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.
Provo Real Estate Index: 25 Year Chart
Home Values Appreciation Rate - US Cities
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Provo Real Estate Market: Trend, Analysis & Statistics
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Commentary  10339
4th Quarter, 2011 Housing Statistics: Provo, Utah


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      78%

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 Provo housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Provo is 78%. In other words, when tested against historical
data, the forecasting methodology was correct 78% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Provo is 78% 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 Provo Real
Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      75%

The forecast for the trend in the Provo housing market for the 3 years ending
with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend Forecast for
Provo is 75%. In other words, when tested against historical data, the
forecasting methodology was correct 75% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Provo is 75% 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 Provo Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Provo, Utah


Historical Home Price Appreciation
Last Quarter                         0.30%
Last Year                              -4.5%
Last 5 Years                         -17%
Last 10 Years                       14%
Last 20 Years                       129%
Decline From All Time High   23.54%


Annual Home Price Appreciation Rates
1982        n/a
1983        n/a
1984      -5.49%
1985      5.66%
1986      4.53%
1987      -7.15%
1988      3.90%
1989      4.35%
1990      4.70%
1991      6.69%
1992      9.65%
1993      14.71%
1994      13.63%
1995      12.56%
1996      5.46%
1997      6.16%
1998      3.99%
1999      -0.23%
2000      3.52%
2001      3.67%
2002      0.94%
2003      0.32%
2004      3.77%
2005      9.13%
2006      19.80%
2007      8.75%
2008      -6.44%
2009      -12.12%
2010      -2.63%
2011      -4.45%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.30%         Rank: 178 of 381 (53rd Percentile)
Last Year  . . . . . . . . . . . . . . . .  -4.5%          Rank: 281 of 381 (26th Percentile)
Last 5 Years                              -17%           Rank: 272 of 381 (28th Percentile)
Last 10 Years  . . . . . . . . . . . .   14%            Rank: 286 of 381 (25th Percentile)
Last 20 Years                            129%          Rank: 28 of 355 (92nd Percentile)
Decline From All Time High        23.54%

Home Price appreciation rates for Provo-Orem, UT are shown above for five
time periods. For example: Provo appreciated 0.30% in the Last Quarter. At
that rate, the Provo Real Estate Market was ranked 178th out of 381
metropolitan areas for Real Estate Appreciation. Provo was in the 53rd
percentile. So Provo, UT performed better in the Last Quarter than 53% of the
381 metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Provo, Utah

The data and analysis on this page pertains to Provo-Orem, UT, hereinafter
referred to as "Provo". The all time high in the Provo Home Price Index was
204.5 in the 1st Quarter, of 2008. The 4th Quarter, 2011 index value was
156.4. That's a decline of 48.14 points or 23.54% below the Provo Home Price
Index all time high.  The Home Price Index indicates that the Provo Market is up
14% over the last 10 years. Home Prices in the Provo Real Estate Market have
lost 4.45% over the last 12 months.

The 4th Quarter index value was 0.47 points higher than the 3rd Quarter, 2011
index value of 155.93, resulting in a 0.30% rise in the 4th Quarter for the Provo
Market.

The Provo 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 Provo Real Estate Market
was 20% in the twelve months ended with the 4th Quarter of 2006. The worst
annual home appreciation rate in the Provo Market was -14% in the twelve
months ended with the 1st Quarter of 2010.

The highest home appreciation in the Provo Real Estate Market over a three
year period was 48% in the three years ended with the 1st Quarter of 1996.
The worst home appreciation over a three year period in the Provo Market was
-24% in the three years ended with the 1st Quarter of 2011.

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

Historical data on the Provo Home Price Index is available back to the 3rd
Quarter, of 1983. All calculations are based on the quarterly value of the House
Price Index for the Provo 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 Provo 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: Provo, Utah

The appreciation of Provo 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 Provo-Orem, UT, hereinafter referred to as "Provo".

Last Quarter:
During the 4th Quarter of 2011, Provo Home Prices had a rank of 178, with
appreciation of 0.30%. 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, Provo Home Prices had a rank of 281, with
appreciation during the year of -4.45%. 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, Provo Home Prices
ranked 272, with a total appreciation of -16.8%. 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, Provo Home Prices had
a rank of 286, 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, Provo Home Prices had
a rank of 28, with total appreciation over the 20 year period of 129%. 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 Provo Real Estate
Market is available back to the 3rd Quarter, of 1983. All calculations are based
on the quarterly value of the House Price Index for Provo. 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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