The House Price Index (HPI) shows changes in Danville, 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.
Danville, IL - House Price Index (HPI)
Danville Real Estate Market Forecast  (IL)
Danville Real Estate Market: Trend Outlook, Analysis & Statistics
100
1000
10
Commentary  27672
3rd Quarter, 2017 Housing Statistics: Danville, Illinois


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      66%

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 Danville housing market for the 12
months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Danville is 66%. In other words, when tested against historical
data, the forecasting methodology was correct 66% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Danville is 66% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2018 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Danville Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      74%

The forecast for the trend in the Danville housing market for the 3 years ending
with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Danville is 74%. In other words, when tested against historical data, the
forecasting methodology was correct 74% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Danville is 74% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2020 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Danville Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Danville, Illinois


Historical Home Price Appreciation
Last Quarter                                     -0.95%
Last Year . . . . . . . . . . . . . . . . . . . .  2.2%
Last 5 Years                                     7%
Last 10 Years . . . . . . . . . . . . . . . . . -2%
Last 20 Years                                   45%
Decline From All Time High               2.36%


Annual Home Price Appreciation Rates
1987        n/a
1988        n/a
1989        n/a
1990        n/a
1991        n/a
1992        n/a
1993      -0.04%
1994      1.99%
1995      7.31%
1996      6.48%
1997      2.46%
1998      4.77%
1999      -0.32%
2000      5.79%
2001      4.31%
2002      4.35%
2003      2.63%
2004      6.90%
2005      2.89%
2006      -0.19%
2007      6.31%
2008      -3.49%
2009      -1.09%
2010      -2.94%
2011      1.53%
2012      -3.49%
2013      1.80%
2014      -1.46%
2015      6.88%
2016      2.58%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.95%        Rank: 346 of 381 (9th Percentile)
Last Year  . . . . . . . . . . . . . . . .  2.2%           Rank: 316 of 381 (17th Percentile)
Last 5 Years                              7%              Rank: 342 of 381 (10th Percentile)
Last 10 Years  . . . . . . . . . . . .   -2%            Rank: 281 of 381 (26th Percentile)
Last 20 Years                            45%            Rank: 338 of 379 (10th Percentile)
Decline From All Time High        2.36%

The change in home prices for Danville, IL are shown above for five time
periods. For example: Danville appreciated -0.95% in the Last Quarter. At that
rate, the Danville Real Estate Market was ranked 346th out of 381 metropolitan
Real Estate Markets. Danville was in the 9th percentile. So Danville, IL
performed better in the Last Quarter than 9% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Danville, Illinois

The all time high in the Danville Home Price Index was 172.3 in the 3rd Quarter,
of 2007. The 3rd Quarter, 2017 index value was 168.3. That's a decline of 4.07
points or 2.36% below the Danville Home Price Index all time high.  The Home
Price Index indicates that the Danville Market is down 2% over the last 10 years.
Home prices in the Danville Real Estate Market have gained 2.19% over the
last 12 months.

The 3rd Quarter index value was 1.62 points lower than the 2nd Quarter, 2017
index value of 169.88, resulting in a 0.95% decline for the 3rd Quarter in the
Danville Market.

The Danville Home Price Index declined in the last quarter after increasing in
the previous quarter. The current record holder for consecutive declines in the
Home Price Index is Carbondale, IL, with declines in the last 3 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 25 consecutive quarters.

The highest annual change in the value of houses in the Danville Real Estate
Market was 14% in the twelve months ended with the 1st Quarter of 1996. The
worst annual change in home values  in the Danville Market was -6% in the
twelve months ended with the 3rd Quarter of 2008.

The highest growth in home values in the Danville Real Estate Market over a
three year period was 21% in the three years ended with the 1st Quarter of
1998. The worst performance over a three year period in the Danville Market
was -9% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Danville 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 Danville 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 Danville 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 Danville 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
3rd Quarter, 2017 Housing Data: Danville, Illinois

The trend of Danville 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 3rd Quarter of 2017, Danville Home Prices had a rank of 346, with
appreciation of -0.95%. The top performing real estate market during the 3rd
Quarter was Pine Bluff, AR, with a rise of 7.86%. The worst market during that
period was Weirton, OH, with appreciation of -9.33%.
The median for all cities during the 3rd Quarter was 1.52%. The average for all
markets during the quarter was 1.39%.

Last Year:
During the last 12 months, Danville Home Prices had a rank of 316, with
appreciation during the year of 2.19%. The top performing market during the
last year was Seattle, WA, with an increase of 14.2%. The worst real estate
market during that period was Lawton, OK, with appreciation of -7.3%.
The median for all markets during this period was 5.41%. The average was
5.42%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2017, Danville Home Prices
ranked 342, with a total appreciation of 6.7%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 95%.
The worst market during that period was Lawton, OK, with appreciation of -7%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2017, Danville Home Prices
had a rank of 281, with appreciation during the decade of -2%. The top
performing market during the period was Denver, CO, with a rise of 63%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -28%.
The median for all markets during the last 10 years was 5%. The average for
the cities over that time frame was 7%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2017, Danville Home Prices
had a rank of 338, with total growth over the 20 year period of 45%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 283%. The worst market during the last 20 years was Mansfield,
OH, with appreciation of 20%.
The median for all cities during the last 20 years was 80%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Danville Real Estate
Market is available back to the 1st Quarter, of 1992. All calculations are based
on the quarterly value of the House Price Index for Danville. 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 Monday, December 18, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


_____________________________________________________________
Report a Problem with this Page    Contact Us     Privacy Policy    Terms of Use/Disclosure
LittleBigHomes.com
1975
1980
1985
1990
1995
2000
2005
2010
2035
2015
2020
2025
2030