Ann Arbor, MI
House prices for this FHFA metro area, real and nominal, since the series begins.
FHFA all-transactions · 1978 Q2 to 2026 Q2 · real terms in 2024 dollars · built 2026-10-31
The index
Real and nominal, first quarter of the series = 100; the shaded band is 2007 to 2012.
How this is measured
Real terms deflate each quarter by that year's US CPI, stated in 2024 dollars; the CPI runs to 2024, so later quarters sit at 2024 prices until the next print. All-transactions includes refinance appraisals as well as sales; FHFA publishes purchase-only for the 100 largest metro areas only, and this is not one of them.
One year
One year real +3.4%
nominal +3.4%
Five years
Five years real +21.2%
nominal +40.3%
Ten years
Ten years real +45.1%
nominal +89.6%
Twenty-five years
Twenty-five years real +24.0%
nominal +119.7%
Since 2000
Since 2000 real +31.8%
nominal +140.0%
2007 to 2012
crash, real −31.3%
2007Q1 to 2012Q1
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 340.0 | 340.0 | real year on year +3.7% |
| 2025 Q4 | 328.0 | 328.0 | real year on year +3.2% |
| 2024 Q4 | 317.7 | 317.7 | real year on year +2.5% |
| 2023 Q4 | 301.1 | 310.0 | real year on year +4.3% |
| 2022 Q4 | 277.3 | 297.3 | real year on year −0.1% |
| 2021 Q4 | 257.1 | 297.6 | real year on year +7.5% |
| 2020 Q4 | 228.4 | 276.8 | real year on year +2.9% |
| 2019 Q4 | 219.2 | 269.0 | real year on year +2.0% |
| 2018 Q4 | 211.1 | 263.7 | real year on year +3.7% |
| 2017 Q4 | 198.7 | 254.2 | real year on year +5.7% |
| 2016 Q4 | 184.1 | 240.6 | real year on year +3.0% |
| 2015 Q4 | 176.6 | 233.7 | real year on year +6.3% |
| 2014 Q4 | 165.9 | 219.9 | real year on year +5.1% |
| 2013 Q4 | 155.4 | 209.3 | real year on year +7.9% |
| 2012 Q4 | 142.0 | 194.0 | real year on year +0.3% |
| 2011 Q4 | 138.8 | 193.5 | real year on year −4.1% |
| 2010 Q4 | 140.3 | 201.8 | real year on year −2.3% |
| 2009 Q4 | 141.3 | 206.7 | real year on year −5.5% |
| 2008 Q4 | 150.2 | 218.8 | real year on year −12.1% |
| 2007 Q4 | 164.5 | 248.9 | real year on year −11.7% |
| 2006 Q4 | 181.1 | 281.9 | real year on year −5.6% |
| 2005 Q4 | 186.0 | 298.7 | real year on year −1.5% |
| 2004 Q4 | 182.6 | 303.3 | real year on year +1.8% |
| 2003 Q4 | 174.8 | 298.0 | real year on year +2.3% |
| 2002 Q4 | 167.1 | 291.4 | real year on year +3.8% |
| 2001 Q4 | 158.4 | 280.7 | real year on year +2.4% |
| 2000 Q4 | 150.4 | 274.1 | real year on year +4.1% |
| 1999 Q4 | 139.7 | 263.1 | real year on year +7.6% |
| 1998 Q4 | 127.1 | 244.5 | real year on year +4.4% |
| 1997 Q4 | 119.9 | 234.3 | real year on year +4.7% |
| 1996 Q4 | 111.9 | 223.8 | real year on year +4.1% |
| 1995 Q4 | 104.5 | 215.1 | real year on year +2.7% |
| 1994 Q4 | 99.0 | 209.5 | real year on year +2.4% |
| 1993 Q4 | 94.2 | 204.5 | real year on year −0.6% |
| 1992 Q4 | 92.0 | 205.7 | real year on year −1.3% |
| 1991 Q4 | 90.5 | 208.4 | real year on year −0.7% |
| 1990 Q4 | 87.5 | 209.9 | real year on year −2.2% |
| 1989 Q4 | 84.8 | 214.7 | real year on year +4.0% |
| 1988 Q4 | 77.8 | 206.5 | real year on year +7.2% |
| 1987 Q4 | 69.8 | 192.6 | real year on year +8.4% |
| 1986 Q4 | 62.1 | 177.7 | real year on year +6.9% |
| 1985 Q4 | 57.0 | 166.2 | real year on year +2.2% |
| 1984 Q4 | 53.9 | 162.6 | real year on year −4.4% |
| 1983 Q4 | 54.0 | 170.0 | real year on year +1.4% |
| 1982 Q4 | 51.6 | 167.7 | real year on year −15.7% |
| 1981 Q4 | 57.7 | 199.0 | real year on year −6.4% |
| 1980 Q4 | 55.9 | 212.6 | real year on year −3.4% |
| 1979 Q4 | 50.9 | 220.2 | real year on year −14.1% |
| 1978 Q4 | 53.3 | 256.4 | — |
2026 Q2340 · real 340real year on year +3.7%
2025 Q4328 · real 328real year on year +3.2%
2024 Q4318 · real 318real year on year +2.5%
2023 Q4301 · real 310real year on year +4.3%
2022 Q4277 · real 297real year on year −0.1%
2021 Q4257 · real 298real year on year +7.5%
2020 Q4228 · real 277real year on year +2.9%
2019 Q4219 · real 269real year on year +2.0%
2018 Q4211 · real 264real year on year +3.7%
2017 Q4199 · real 254real year on year +5.7%
2016 Q4184 · real 241real year on year +3.0%
2015 Q4177 · real 234real year on year +6.3%
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 11460. Real terms by the World Bank's US consumer price index, annual.