Raleigh-Cary, NC
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 raleigh durham 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 +2.3%
nominal +2.3%
Five years
Five years real +17.5%
nominal +36.0%
Ten years
Ten years real +57.5%
nominal +105.8%
Twenty-five years
Twenty-five years real +71.3%
nominal +203.4%
Since 2000
Since 2000 real +75.4%
nominal +219.5%
2007 to 2012
crash, real −18.8%
2007Q3 to 2011Q3
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 465.4 | 465.4 | real year on year +4.1% |
| 2025 Q4 | 446.9 | 446.9 | real year on year −2.6% |
| 2024 Q4 | 458.7 | 458.7 | real year on year +1.3% |
| 2023 Q4 | 439.8 | 452.8 | real year on year +0.7% |
| 2022 Q4 | 419.7 | 449.8 | real year on year +1.4% |
| 2021 Q4 | 383.1 | 443.5 | real year on year +18.3% |
| 2020 Q4 | 309.3 | 374.8 | real year on year +9.8% |
| 2019 Q4 | 278.1 | 341.3 | real year on year +5.9% |
| 2018 Q4 | 257.8 | 322.1 | real year on year +3.7% |
| 2017 Q4 | 242.6 | 310.5 | real year on year +3.8% |
| 2016 Q4 | 228.9 | 299.2 | real year on year +5.7% |
| 2015 Q4 | 213.8 | 283.0 | real year on year +9.1% |
| 2014 Q4 | 195.7 | 259.3 | real year on year +1.3% |
| 2013 Q4 | 190.1 | 255.9 | real year on year +3.7% |
| 2012 Q4 | 180.7 | 246.9 | real year on year −1.6% |
| 2011 Q4 | 180.0 | 251.0 | real year on year −5.4% |
| 2010 Q4 | 184.4 | 265.2 | real year on year −4.3% |
| 2009 Q4 | 189.6 | 277.3 | real year on year −0.8% |
| 2008 Q4 | 191.9 | 279.6 | real year on year −5.8% |
| 2007 Q4 | 196.1 | 296.7 | real year on year +1.1% |
| 2006 Q4 | 188.6 | 293.4 | real year on year +4.0% |
| 2005 Q4 | 175.7 | 282.2 | real year on year +2.7% |
| 2004 Q4 | 165.5 | 274.9 | real year on year +2.1% |
| 2003 Q4 | 157.9 | 269.3 | real year on year −0.1% |
| 2002 Q4 | 154.6 | 269.6 | real year on year −0.5% |
| 2001 Q4 | 153.0 | 271.0 | real year on year −1.6% |
| 2000 Q4 | 151.2 | 275.5 | real year on year +0.4% |
| 1999 Q4 | 145.8 | 274.5 | real year on year +2.4% |
| 1998 Q4 | 139.3 | 268.1 | real year on year +1.4% |
| 1997 Q4 | 135.3 | 264.4 | real year on year +2.6% |
| 1996 Q4 | 128.9 | 257.9 | real year on year +0.2% |
| 1995 Q4 | 125.1 | 257.5 | real year on year +0.2% |
| 1994 Q4 | 121.4 | 256.9 | real year on year +7.4% |
| 1993 Q4 | 110.2 | 239.2 | real year on year +1.6% |
| 1992 Q4 | 105.3 | 235.4 | real year on year +0.5% |
| 1991 Q4 | 101.7 | 234.3 | — |
2026 Q2465 · real 465real year on year +4.1%
2025 Q4447 · real 447real year on year −2.6%
2024 Q4459 · real 459real year on year +1.3%
2023 Q4440 · real 453real year on year +0.7%
2022 Q4420 · real 450real year on year +1.4%
2021 Q4383 · real 444real year on year +18.3%
2020 Q4309 · real 375real year on year +9.8%
2019 Q4278 · real 341real year on year +5.9%
2018 Q4258 · real 322real year on year +3.7%
2017 Q4243 · real 310real year on year +3.8%
2016 Q4229 · real 299real year on year +5.7%
2015 Q4214 · real 283real year on year +9.1%
Source
FHFA House Price Index, purchase-only, quarterly, not seasonally adjusted, CBSA 39580. Real terms by the World Bank's US consumer price index, annual.