Buffalo-Cheektowaga, NY
House prices for this metro area, real and nominal, since FHFA's series begins.
FHFA purchase-only · 1991 Q1 to 2026 Q2 · real terms in 2024 dollars · built 2026-10-31
All metro areas · this area is buffalo on the rankings
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. Purchase-only means repeat sales of the same homes with refinance appraisals excluded, the cleaner of FHFA's two indices, published for the 100 largest metro areas.
One year
One year real +3.6%
nominal +3.6%
Five years
Five years real +23.2%
nominal +42.6%
Ten years
Ten years real +69.5%
nominal +121.6%
Twenty-five years
Twenty-five years real +95.6%
nominal +246.5%
Since 2000
Since 2000 real +102.5%
nominal +268.9%
2007 to 2012
crash, real −7.3%
2007Q3 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 | 392.8 | 392.8 | real year on year +5.5% |
| 2025 Q4 | 372.2 | 372.2 | real year on year +3.9% |
| 2024 Q4 | 358.2 | 358.2 | real year on year +5.7% |
| 2023 Q4 | 329.1 | 338.8 | real year on year +2.3% |
| 2022 Q4 | 308.9 | 331.1 | real year on year −0.4% |
| 2021 Q4 | 287.1 | 332.3 | real year on year +9.9% |
| 2020 Q4 | 249.6 | 302.5 | real year on year +12.1% |
| 2019 Q4 | 219.9 | 269.9 | real year on year +5.0% |
| 2018 Q4 | 205.7 | 257.0 | real year on year +2.4% |
| 2017 Q4 | 196.1 | 251.0 | real year on year +3.4% |
| 2016 Q4 | 185.6 | 242.6 | real year on year +5.9% |
| 2015 Q4 | 173.1 | 229.0 | real year on year +2.9% |
| 2014 Q4 | 168.0 | 222.6 | real year on year +0.6% |
| 2013 Q4 | 164.4 | 221.4 | real year on year +4.0% |
| 2012 Q4 | 155.7 | 212.8 | real year on year +1.4% |
| 2011 Q4 | 150.5 | 209.8 | real year on year −5.3% |
| 2010 Q4 | 154.0 | 221.6 | real year on year +0.4% |
| 2009 Q4 | 151.0 | 220.8 | real year on year +2.6% |
| 2008 Q4 | 147.7 | 215.2 | real year on year −3.1% |
| 2007 Q4 | 146.8 | 222.1 | real year on year −3.0% |
| 2006 Q4 | 147.0 | 228.8 | real year on year +1.4% |
| 2005 Q4 | 140.4 | 225.6 | real year on year +0.7% |
| 2004 Q4 | 134.9 | 224.0 | real year on year +1.8% |
| 2003 Q4 | 129.1 | 220.1 | real year on year +3.6% |
| 2002 Q4 | 121.8 | 212.4 | real year on year +3.5% |
| 2001 Q4 | 115.9 | 205.3 | real year on year +1.6% |
| 2000 Q4 | 110.9 | 202.0 | real year on year +0.4% |
| 1999 Q4 | 106.8 | 201.2 | real year on year +0.3% |
| 1998 Q4 | 104.2 | 200.5 | real year on year −1.1% |
| 1997 Q4 | 103.8 | 202.8 | real year on year −3.7% |
| 1996 Q4 | 105.3 | 210.5 | real year on year −4.9% |
| 1995 Q4 | 107.6 | 221.5 | real year on year −4.3% |
| 1994 Q4 | 109.4 | 231.4 | real year on year −0.8% |
| 1993 Q4 | 107.4 | 233.2 | real year on year −2.2% |
| 1992 Q4 | 106.6 | 238.4 | real year on year +1.4% |
| 1991 Q4 | 102.0 | 235.0 | — |
2026 Q2393 · real 393real year on year +5.5%
2025 Q4372 · real 372real year on year +3.9%
2024 Q4358 · real 358real year on year +5.7%
2023 Q4329 · real 339real year on year +2.3%
2022 Q4309 · real 331real year on year −0.4%
2021 Q4287 · real 332real year on year +9.9%
2020 Q4250 · real 302real year on year +12.1%
2019 Q4220 · real 270real year on year +5.0%
2018 Q4206 · real 257real year on year +2.4%
2017 Q4196 · real 251real year on year +3.4%
2016 Q4186 · real 243real year on year +5.9%
2015 Q4173 · real 229real year on year +2.9%
Source
FHFA House Price Index, purchase-only, quarterly, not seasonally adjusted, CBSA 15380. Real terms by the World Bank's US consumer price index, annual.