Provo-Orem-Lehi, UT
House prices for this FHFA metro area, real and nominal, since the series begins.
FHFA purchase-only · 1991 Q1 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. 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 +1.2%
nominal +1.2%
Five years
Five years real +6.4%
nominal +23.1%
Ten years
Ten years real +67.3%
nominal +118.7%
Twenty-five years
Twenty-five years real +100.9%
nominal +255.9%
Since 2000
Since 2000 real +99.3%
nominal +263.1%
2007 to 2012
crash, real −36.0%
2007Q3 to 2011Q1
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 686.0 | 686.0 | real year on year +1.2% |
| 2025 Q4 | 678.1 | 678.1 | real year on year +4.7% |
| 2024 Q4 | 647.8 | 647.8 | real year on year −3.0% |
| 2023 Q4 | 648.5 | 667.6 | real year on year +0.7% |
| 2022 Q4 | 618.4 | 662.9 | real year on year −4.6% |
| 2021 Q4 | 600.3 | 695.0 | real year on year +22.6% |
| 2020 Q4 | 467.8 | 566.9 | real year on year +13.1% |
| 2019 Q4 | 408.6 | 501.4 | real year on year +4.8% |
| 2018 Q4 | 383.1 | 478.5 | real year on year +7.8% |
| 2017 Q4 | 346.8 | 443.9 | real year on year +6.3% |
| 2016 Q4 | 319.3 | 417.4 | real year on year +7.5% |
| 2015 Q4 | 293.2 | 388.1 | real year on year +6.7% |
| 2014 Q4 | 274.6 | 363.9 | real year on year +3.8% |
| 2013 Q4 | 260.4 | 350.7 | real year on year +7.9% |
| 2012 Q4 | 237.8 | 324.9 | real year on year +9.0% |
| 2011 Q4 | 213.7 | 298.0 | real year on year −7.4% |
| 2010 Q4 | 223.7 | 321.8 | real year on year −5.7% |
| 2009 Q4 | 233.4 | 341.3 | real year on year −10.8% |
| 2008 Q4 | 262.7 | 382.8 | real year on year −15.8% |
| 2007 Q4 | 300.4 | 454.5 | real year on year +3.4% |
| 2006 Q4 | 282.4 | 439.4 | real year on year +18.5% |
| 2005 Q4 | 230.9 | 370.9 | real year on year +6.4% |
| 2004 Q4 | 209.8 | 348.5 | real year on year +4.1% |
| 2003 Q4 | 196.3 | 334.7 | real year on year −1.3% |
| 2002 Q4 | 194.4 | 339.1 | real year on year −1.4% |
| 2001 Q4 | 194.1 | 343.9 | real year on year −1.7% |
| 2000 Q4 | 192.1 | 349.9 | real year on year −1.4% |
| 1999 Q4 | 188.5 | 354.9 | real year on year +2.2% |
| 1998 Q4 | 180.4 | 347.1 | real year on year +3.3% |
| 1997 Q4 | 172.0 | 336.2 | real year on year +0.1% |
| 1996 Q4 | 167.9 | 335.8 | real year on year +2.7% |
| 1995 Q4 | 158.8 | 327.0 | real year on year +6.9% |
| 1994 Q4 | 144.6 | 306.0 | real year on year +10.8% |
| 1993 Q4 | 127.1 | 276.1 | real year on year +10.6% |
| 1992 Q4 | 111.7 | 249.7 | real year on year +8.7% |
| 1991 Q4 | 99.7 | 229.7 | — |
2026 Q2686 · real 686real year on year +1.2%
2025 Q4678 · real 678real year on year +4.7%
2024 Q4648 · real 648real year on year −3.0%
2023 Q4649 · real 668real year on year +0.7%
2022 Q4618 · real 663real year on year −4.6%
2021 Q4600 · real 695real year on year +22.6%
2020 Q4468 · real 567real year on year +13.1%
2019 Q4409 · real 501real year on year +4.8%
2018 Q4383 · real 479real year on year +7.8%
2017 Q4347 · real 444real year on year +6.3%
2016 Q4319 · real 417real year on year +7.5%
2015 Q4293 · real 388real year on year +6.7%
Source
FHFA House Price Index, purchase-only, quarterly, not seasonally adjusted, CBSA 39340. Real terms by the World Bank's US consumer price index, annual.