Champaign, IL - House Price Index (HPI)
Champaign Real Estate Market Forecast
The House Price Index (HPI) shows changes in Champaign-Urbana, IL single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis, statistics
and appreciation rates are provided below.
Champaign Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  262.56
4th Quarter, 2017 Housing Statistics: Champaign, Illinois


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      87%

LittleBigHomes.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 Champaign housing market for the 12
months ending with the 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Champaign is 87%. In other words, when tested against historical
data, the forecasting methodology was correct 87% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Champaign is 87% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 4th Quarter of 2018 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the Champaign
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      87%

The forecast for the trend in the Champaign housing market for the 3 years
ending with the 4th Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Champaign is 87%. In other words, when tested against historical
data, the forecasting methodology was correct 87% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Champaign is 87% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 4th Quarter of 2020 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the Champaign
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Champaign, Illinois


Historical Home Price Appreciation
Last Quarter                                     -0.74%
Last Year . . . . . . . . . . . . . . . . . . . .  1.3%
Last 5 Years                                     8%
Last 10 Years . . . . . . . . . . . . . . . . . 5%
Last 20 Years                                   59%
Decline From All Time High               0.74%


Annual Home Price Appreciation Rates
1988      5.23%
1989      2.32%
1990      1.03%
1991      2.32%
1992      2.74%
1993      2.63%
1994      3.65%
1995      4.99%
1996      2.43%
1997      4.67%
1998      3.50%
1999      2.40%
2000      5.50%
2001      4.44%
2002      4.35%
2003      7.32%
2004      6.02%
2005      5.48%
2006      2.95%
2007      0.36%
2008      -0.46%
2009      -0.65%
2010      -0.34%
2011      -1.48%
2012      0.56%
2013      -2.77%
2014      4.33%
2015      2.18%
2016      2.70%
2017      1.28%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.74%        Rank: 306 of 381 (19th Percentile)
Last Year  . . . . . . . . . . . . . . . .  1.3%           Rank: 336 of 381 (11th Percentile)
Last 5 Years                              8%              Rank: 330 of 381 (13th Percentile)
Last 10 Years  . . . . . . . . . . . .   5%              Rank: 202 of 381 (47th Percentile)
Last 20 Years                            59%            Rank: 279 of 379 (26th Percentile)
Decline From All Time High        0.74%

The change in home prices for Champaign-Urbana, IL are shown above for five
time periods. For example: Champaign appreciated -0.74% in the Last Quarter.
At that rate, the Champaign Real Estate Market was ranked 306th out of 381
metropolitan Real Estate Markets. Champaign was in the 19th percentile. So
Champaign, IL performed better in the Last Quarter than 19% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Champaign, Illinois

The data and analysis on this page pertains to Champaign-Urbana, IL,
hereinafter referred to as "Champaign". The all time high in the Champaign
Home Price Index was 182.2 in the 3rd Quarter, of 2017. The 4th Quarter, 2017
index value was 180.9. That's a decline of 1.35 points or 0.74% below the
Champaign Home Price Index all time high.  The Home Price Index indicates that
the Champaign Market is up 5% over the last 10 years. Home prices in the
Champaign Real Estate Market have gained 1.28% over the last 12 months.
Over the last thirty years, it is up 118%.

The 4th Quarter index value was 1.35 points lower than the 3rd Quarter, 2017
index value of 182.23, resulting in a 0.74% decline for the 4th Quarter in the
Champaign Market.

The Champaign Home Price Index declined in the last quarter after increasing
in the previous 2 quarters. The current record holders for consecutive declines
in the Home Price Index are Victoria, TX; Topeka, KS; Texarkana, TX-AR;
Springfield, MA and Peoria, IL, with declines in the last 2 consecutive quarters.
The current record holders for consecutive increases in the Home Price Index
are Phoenix, AZ; Houston, TX and Boise City, ID, with increases in the last 26
consecutive quarters.

The highest annual change in the value of houses in the Champaign Real
Estate Market was 9% in the twelve months ended with the 3rd Quarter of 2004.
The worst annual change in home values  in the Champaign Market was -3% in
the twelve months ended with the 4th Quarter of 2013.

The highest growth in home values in the Champaign Real Estate Market over
a three year period was 20% in the three years ended with the 3rd Quarter of
2005. The worst performance over a three year period in the Champaign
Market was -4% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Champaign Home Price Index
(above). For information about Illinois home values, click Real Estate Market
Forecasts in the navigation bar at the top of this page.  You'll see long term
charts and analysis that will provide tremendous insight into the historical trends
of residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Champaign Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Champaign 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 Champaign 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, 2017 Housing Data: Champaign, Illinois

The trend of Champaign 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 Champaign-Urbana, IL, hereinafter referred to as "Champaign".

Last Quarter:
During the 4th Quarter of 2017, Champaign Home Prices had a rank of 306,
with appreciation of -0.74%. The top performing real estate market during the
4th Quarter was Gadsden, AL, with a rise of 13.11%. The worst market during
that period was Hinesville, GA, with appreciation of -6.79%.
The median for all cities during the 4th Quarter was 0.75%. The average for all
markets during the quarter was 0.69%.

Last Year:
During the last 12 months, Champaign Home Prices had a rank of 336, with
appreciation during the year of 1.28%. The top performing market during the
last year was Sebastian, FL, with an increase of 16.4%. The worst real estate
market during that period was Goldsboro, NC, with appreciation of -6.9%.
The median for all markets during this period was 5.37%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2017, Champaign Home Prices
ranked 330, with a total appreciation of 7.8%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 94%.
The worst market during that period was Goldsboro, NC, with appreciation of
-5%.
The median for all cities during this time period was 19%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2017, Champaign Home Prices
had a rank of 202, with appreciation during the decade of 5%. The top
performing market during the period was Denver, CO, with a rise of 65%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -27%.
The median for all markets during the last 10 years was 7%. The average for
the cities over that time frame was 8%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2017, Champaign Home Prices
had a rank of 279, with total growth over the 20 year period of 59%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 280%. The worst market during the last 20 years was Saginaw, MI,
with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Champaign Real
Estate Market is available back to the 3rd Quarter, of 1985. All calculations are
based on the quarterly value of the House Price Index for Champaign. Real
estate appreciation figures represent total net increase or decrease over each
time period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Friday, March 16, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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