Bloomington, IN - House Price Index (HPI)
Bloomington Real Estate Market Forecast  (IN)
The House Price Index (HPI) shows changes in Bloomington, IN 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.
Bloomington Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  2527.56
3rd Quarter, 2018 Housing Statistics: Bloomington, Indiana


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 Bloomington housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Bloomington 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 Bloomington is 87% during this period. If this Housing Market Forecast
is correct, home prices will be higher in the 3rd Quarter of 2019 than they were
in the 3rd Quarter of 2018. Check this page each quarter for updates to the
Bloomington Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      91%

The forecast for the trend in the Bloomington housing market for the 3 years
ending with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Bloomington is 91%. In other words, when tested against
historical data, the forecasting methodology was correct 91% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Bloomington is 91% during this period. If this Housing Market Forecast
is correct, home values will be higher in the 3rd Quarter of 2021 than they were
in the 3rd Quarter of 2018. Check this page each quarter for updates to the
Bloomington Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Bloomington, Indiana


Historical Home Price Appreciation
Last Quarter                                     3.40%
Last Year . . . . . . . . . . . . . . . . . . . .  9.0%
Last 5 Years                                     31%
Last 10 Years . . . . . . . . . . . . . . . . . 35%
Last 20 Years                                   89%



Annual Home Price Appreciation Rates
1988      8.55%
1989      9.92%
1990      0.05%
1991      4.74%
1992      5.13%
1993      5.72%
1994      6.69%
1995      5.64%
1996      1.17%
1997      5.08%
1998      3.34%
1999      0.36%
2000      4.57%
2001      3.35%
2002      2.90%
2003      6.38%
2004      5.36%
2005      3.00%
2006      4.60%
2007      3.11%
2008      -0.15%
2009      0.05%
2010      2.70%
2011      -1.02%
2012      1.78%
2013      1.34%
2014      0.32%
2015      3.60%
2016      9.61%
2017      1.47%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              3.40%         Rank: 56 of 381 (85th Percentile)
Last Year  . . . . . . . . . . . . . . . .  9.0%           Rank: 76 of 381 (80th Percentile)
Last 5 Years                              31%            Rank: 131 of 381 (65th Percentile)
Last 10 Years  . . . . . . . . . . . .   35%            Rank: 66 of 381 (82nd Percentile)
Last 20 Years                            89%            Rank: 162 of 379 (57th Percentile)


The change in home prices for Bloomington, IN are shown above for five time
periods. For example: Bloomington appreciated 3.40% in the Last Quarter. At
that rate, the Bloomington Real Estate Market was ranked 56th out of 381
metropolitan Real Estate Markets. Bloomington was in the 85th percentile. So
Bloomington, IN performed better in the Last Quarter than 85% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Bloomington, Indiana

The all time high in the Bloomington Home Price Index was 215.1 in the 3rd
Quarter, of 2018.  The Home Price Index indicates that the Bloomington Market
is up 35% over the last 10 years. Home prices in the Bloomington Real Estate
Market have gained 8.97% over the last 12 months. Over the last thirty years, it
is up 205%.

The 3rd Quarter index value was 7.08 points higher than the 2nd Quarter, 2018
index value of 208.04, resulting in a 3.40% rise in the 3rd Quarter for the
Bloomington Market.

The Bloomington Home Price Index has increased for 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 29 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Winchester, VA; Trenton, NJ; Peoria, IL;
Great Falls, MT and Fayetteville, NC, with declines in the last 2 consecutive
quarters.

The highest annual change in the value of houses in the Bloomington Real
Estate Market was 11% in the twelve months ended with the 3rd Quarter of
1989. The worst annual change in home values  in the Bloomington Market was
-2% in the twelve months ended with the 2nd Quarter of 2011.

The highest growth in home values in the Bloomington Real Estate Market over
a three year period was 26% in the three years ended with the 4th Quarter of
1989. The worst performance over a three year period in the Bloomington
Market was -2% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Bloomington Home Price Index
(above). For information about Indiana 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 Bloomington 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 Bloomington 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 Bloomington 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, 2018 Housing Data: Bloomington, Indiana

The trend of Bloomington 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 2018, Bloomington Home Prices had a rank of 56,
with appreciation of 3.40%. The top performing real estate market during the
3rd Quarter was Sumter, SC, with a rise of 13.55%. The worst market during
that period was Cumberland, MD, with appreciation of -5.75%.
The median for all cities during the 3rd Quarter was 1.57%. The average for all
markets during the quarter was 1.54%.

Last Year:
During the last 12 months, Bloomington Home Prices had a rank of 76, with
appreciation during the year of 8.97%. The top performing market during the
last year was Las Vegas, NV, with an increase of 18.1%. The worst real estate
market during that period was Cumberland, MD, with appreciation of -5.6%.
The median for all markets during this period was 6.14%. The average was
6.07%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2018, Bloomington Home Prices
ranked 131, with a total appreciation of 30.9%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 81%.
The worst market during that period was Jacksonville, NC, with appreciation of
-2%.
The median for all cities during this time period was 24%. The average over the
5 years was 28%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2018, Bloomington Home
Prices had a rank of 66, with appreciation during the decade of 35%. The top
performing market during the period was Denver, CO, with a rise of 83%. The
worst real estate market during the 10 year time period was Vineland, NJ, with
appreciation of -19%.
The median for all markets during the last 10 years was 18%. The average for
the cities over that time frame was 20%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2018, Bloomington Home
Prices had a rank of 162, with total growth over the 20 year period of 89%. The
top performing real estate market during the period was San Francisco, CA,
with an increase of 289%. The worst market during the last 20 years was
Saginaw, MI, with appreciation of 21%.
The median for all cities during the last 20 years was 83%. The average for the
markets over that time frame was 92%.

Historical research data on the Home Price Index for the Bloomington Real
Estate Market is available back to the 3rd Quarter, of 1986. All calculations are
based on the quarterly value of the House Price Index for Bloomington. 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 Thursday, December 20, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.





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