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Wichita, KS - House Price Index (HPI) - 32 Year Chart
Wichita Real Estate Market
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The House Price Index (HPI) shows changes in Wichita, KS single family home prices in logarithmic
scale. The March, 1995 index value equals 100.  Updated Wednesday, March 28, 2012. Real estate
forecasts, analysis, statistics and appreciation rates are provided below.
Wichita Real Estate Index: 32 Year Chart
Home Values Appreciation Rate - US Cities
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Wichita Real Estate Market: Trend, Analysis & Statistics
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Commentary  10429
4th Quarter, 2011 Housing Statistics: Wichita, Kansas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      82%

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 Wichita housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Wichita is 82%. In other words, when tested against
historical data, the forecasting methodology was correct 82% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Wichita is 82% 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
Wichita Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      83%

The forecast for the trend in the Wichita housing market for the 3 years ending
with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend Forecast for
Wichita is 83%. In other words, when tested against historical data, the
forecasting methodology was correct 83% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Wichita is 83% 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 Wichita Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Wichita, Kansas


Historical Home Price Appreciation
Last Quarter                         0.49%
Last Year                              -0.8%
Last 5 Years                         6%
Last 10 Years                       22%
Last 20 Years                       77%
Decline From All Time High   1.35%


Annual Home Price Appreciation Rates
1982      -0.99%
1983      0.06%
1984      1.50%
1985      2.82%
1986      4.01%
1987      -2.59%
1988      1.09%
1989      -0.16%
1990      -0.37%
1991      2.92%
1992      2.25%
1993      5.37%
1994      3.37%
1995      3.64%
1996      2.16%
1997      5.09%
1998      5.86%
1999      1.35%
2000      4.37%
2001      4.43%
2002      3.80%
2003      2.36%
2004      3.04%
2005      3.57%
2006      2.06%
2007      4.21%
2008      1.02%
2009      0.93%
2010      0.34%
2011      -0.76%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.49%         Rank: 156 of 381 (59th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -0.8%          Rank: 89 of 381 (76th Percentile)
Last 5 Years                              6%              Rank: 39 of 381 (90th Percentile)
Last 10 Years  . . . . . . . . . . . .   22%            Rank: 214 of 381 (43rd Percentile)
Last 20 Years                            77%            Rank: 219 of 355 (38th Percentile)
Decline From All Time High        1.35%

Home Price appreciation rates for Wichita, KS are shown above for five time
periods. For example: Wichita appreciated 0.49% in the Last Quarter. At that
rate, the Wichita Real Estate Market was ranked 156th out of 381 metropolitan
areas for Real Estate Appreciation. Wichita was in the 59th percentile. So
Wichita, KS performed better in the Last Quarter than 59% of the 381
metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Wichita, Kansas

The all time high in the Wichita Home Price Index was 161.2 in the 3rd Quarter,
of 2010. The 4th Quarter, 2011 index value was 159.0. That's a decline of 2.17
points or 1.35% below the Wichita Home Price Index all time high.  The Home
Price Index indicates that the Wichita Market is up 22% over the last 10 years.
Home Prices in the Wichita Real Estate Market have lost 0.76% over the last 12
months. Over the last thirty years, it is up 92%.

The 4th Quarter index value was 0.77 points higher than the 3rd Quarter, 2011
index value of 158.21, resulting in a 0.49% rise in the 4th Quarter for the
Wichita Market.

The Wichita 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 Wichita Real Estate Market
was 18% in the twelve months ended with the 2nd Quarter of 1979. The worst
annual home appreciation rate in the Wichita Market was -5% in the twelve
months ended with the 1st Quarter of 1981.

The highest home appreciation in the Wichita Real Estate Market over a three
year period was 42% in the three years ended with the 1st Quarter of 1980.
The worst home appreciation over a three year period in the Wichita Market
was -3% in the three years ended with the 2nd Quarter of 1990.

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

Historical data on the Wichita Home Price Index is available back to the 4th
Quarter, of 1976. All calculations are based on the quarterly value of the House
Price Index for the Wichita 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 Wichita 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: Wichita, Kansas

The appreciation of Wichita 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, Wichita Home Prices had a rank of 156, with
appreciation of 0.49%. 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, Wichita Home Prices had a rank of 89, with
appreciation during the year of -0.76%. 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, Wichita Home Prices
ranked 39, with a total appreciation of 5.8%. 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, Wichita Home Prices had
a rank of 214, with appreciation during the decade of 22%. 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, Wichita Home Prices had
a rank of 219, with total appreciation over the 20 year period of 77%. 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 Wichita Real Estate
Market is available back to the 4th Quarter, of 1976. All calculations are based
on the quarterly value of the House Price Index for Wichita. 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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