Commentary  8397
3rd Quarter, 2011 Data: Illinois

The 12 month forecast for Illinois Real Estate prices is in the table at the top of
this page. Forecast-Chart.com is forecasting a decline in Illinois Home Prices of
4.30%. The table shows a HDTFA of 2.55% which suggests that appreciation
rates over the next year for Illinois Real Estate could easily end up anywhere
between -1.75% and -6.85%.  Links to Forecasts for 49 other states and the
District of Columbia may be found on the right side of this page.

The average real estate forecast for all 50 states is -1.79%. So Illinois Real
Estate prices are forecasted to underperform the rest of the country. The
highest appreciation rate forecast of all Real estate forecasts at this site is
4.67% for Arizona. The lowest is -9.96% for Idaho.

Historical Home Price Appreciation: Illinois
Last Quarter                         1.36%
Last Year                              -4.6%
Last 5 Years                         -15%
Last 10 Years                       18%
Last 20 Years                       79%
Decline From All Time High   16.08%

Annual Home Price Appreciation Rates: Illinois
1981      8.69%
1982      -5.80%
1983      5.59%
1984      5.11%
1985      4.85%
1986      8.50%
1987      9.51%
1988      8.63%
1989      7.51%
1990      3.70%
1991      4.39%
1992      3.48%
1993      3.47%
1994      3.83%
1995      4.60%
1996      2.82%
1997      3.49%
1998      3.06%
1999      4.44%
2000      6.67%
2001      6.12%
2002      6.07%
2003      6.64%
2004      8.36%
2005      8.59%
2006      4.36%
2007      0.20%
2008      -4.91%
2009      -6.30%
2010      -1.38%

The highest annual appreciation rate in Illinois Real Estate was 24% in the
twelve months ended with the 2nd Quarter of 1977. The worst annual
appreciation rate in Illinois was -8% in the twelve months ended with the 1st
Quarter of 2010.

The highest appreciation in Illinois Real Estate over a three year period was
58% in the three years ended with the 3rd Quarter of 1978. The worst
appreciation over a three year period in Illinois was -15% in the three years
ended with the 1st Quarter of 2011.

This page provides a five year chart of appreciation rates and a forecast for the
Illinois House Price Index. The chart shows the five years ended in the 3rd
Quarter of 2011. For links to longer term charts, look at the links under the five
year chart (above). One link opens a chart showing over thirty years of
historical appreciation rates for Illinois Real Estate. Another opens a graph
showing over thirty years of the Illinois House Price Index. Just one glance at
our long term charts can provide tremendous insight into the historical trends of
residential property values. And those pages contain more than just charts.
You'll find a wealth of other helpful statistics about Illinois Real Estate.

Historical data on the Illinois House Price Index is available back to the first
quarter of 1975. All calculations are based on the quarterly value of the House
Price Index for Illinois.

In this site, you may view the one, five & ten year home appreciation rates for all
50 states in one convenient table. Click the Market Trend Research link in the
uppermost left corner of any page in this site. The table of contents for Market
Trend Research will open. In the table of contents, click the link titled: Home
Appreciation Rates.































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Illinois - Real Estate Appreciation Rate - 5 Year History
Illinois Real Estate Forecast
Target Month
Forecast
HDTFA
Forecast: Annual real estate appreciation rate
for single family homes in the Illinois residential
housing market for the 12 months ending in
the target month shown at the left.
September, 2012
-4.3%
2.6%
Updated Saturday, December 31, 2011.
Illinois Real Estate Forecast
-10%
-5%
0%
5%
10%
15%
Average annual Illinois house appreciation RATE according to the House Price Index (HPI) is shown
in gray.  The forecast for annual appreciation through the target month is shown in green.
Forecast & Real Estate Commentary
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