Salem, OR
House prices for this FHFA metro area, real and nominal, since the series begins.
FHFA all-transactions · 1978 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. 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 −0.2%
nominal -0.2%
Five years
Five years real +10.3%
nominal +27.7%
Ten years
Ten years real +58.3%
nominal +106.9%
Twenty-five years
Twenty-five years real +79.7%
nominal +218.3%
Since 2000
Since 2000 real +84.6%
nominal +236.3%
2007 to 2012
crash, real −34.0%
2007Q4 to 2012Q2
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 428.2 | 428.2 | real year on year +0.9% |
| 2025 Q4 | 424.3 | 424.3 | real year on year +1.6% |
| 2024 Q4 | 417.8 | 417.8 | real year on year +0.4% |
| 2023 Q4 | 404.1 | 416.0 | real year on year −1.2% |
| 2022 Q4 | 392.6 | 420.9 | real year on year −0.6% |
| 2021 Q4 | 365.6 | 423.3 | real year on year +15.1% |
| 2020 Q4 | 303.3 | 367.6 | real year on year +5.9% |
| 2019 Q4 | 282.8 | 347.0 | real year on year +4.3% |
| 2018 Q4 | 266.4 | 332.8 | real year on year +6.8% |
| 2017 Q4 | 243.6 | 311.8 | real year on year +9.1% |
| 2016 Q4 | 218.7 | 285.9 | real year on year +9.5% |
| 2015 Q4 | 197.2 | 261.0 | real year on year +8.9% |
| 2014 Q4 | 180.9 | 239.7 | real year on year +5.9% |
| 2013 Q4 | 168.1 | 226.4 | real year on year +3.4% |
| 2012 Q4 | 160.3 | 219.0 | real year on year −4.7% |
| 2011 Q4 | 164.7 | 229.7 | real year on year −9.7% |
| 2010 Q4 | 176.8 | 254.3 | real year on year −6.2% |
| 2009 Q4 | 185.4 | 271.2 | real year on year −8.9% |
| 2008 Q4 | 204.3 | 297.7 | real year on year −8.1% |
| 2007 Q4 | 214.1 | 323.9 | real year on year +1.7% |
| 2006 Q4 | 204.7 | 318.6 | real year on year +10.9% |
| 2005 Q4 | 178.8 | 287.3 | real year on year +11.0% |
| 2004 Q4 | 155.8 | 258.8 | real year on year +4.3% |
| 2003 Q4 | 145.4 | 248.0 | real year on year +1.6% |
| 2002 Q4 | 140.0 | 244.2 | real year on year +1.2% |
| 2001 Q4 | 136.2 | 241.3 | real year on year +2.0% |
| 2000 Q4 | 129.8 | 236.4 | real year on year −0.3% |
| 1999 Q4 | 125.9 | 237.2 | real year on year −1.9% |
| 1998 Q4 | 125.6 | 241.7 | real year on year +3.2% |
| 1997 Q4 | 119.9 | 234.3 | real year on year +2.9% |
| 1996 Q4 | 113.8 | 227.6 | real year on year +3.6% |
| 1995 Q4 | 106.7 | 219.7 | real year on year +6.0% |
| 1994 Q4 | 97.9 | 207.3 | real year on year +7.3% |
| 1993 Q4 | 88.9 | 193.1 | real year on year +4.8% |
| 1992 Q4 | 82.5 | 184.4 | real year on year +6.2% |
| 1991 Q4 | 75.4 | 173.6 | real year on year +4.0% |
| 1990 Q4 | 69.5 | 166.9 | real year on year +6.2% |
| 1989 Q4 | 62.1 | 157.2 | real year on year +2.5% |
| 1988 Q4 | 57.8 | 153.3 | real year on year +4.3% |
| 1987 Q4 | 53.3 | 147.0 | real year on year −3.3% |
| 1986 Q4 | 53.1 | 152.1 | real year on year −0.3% |
| 1985 Q4 | 52.3 | 152.6 | real year on year −4.0% |
| 1984 Q4 | 52.6 | 158.9 | real year on year −10.4% |
| 1983 Q4 | 56.3 | 177.3 | real year on year −2.5% |
| 1982 Q4 | 56.0 | 181.9 | real year on year −14.2% |
| 1980 Q4 | 55.7 | 212.1 | real year on year −7.2% |
| 1979 Q4 | 52.8 | 228.4 | real year on year −3.8% |
| 1978 Q4 | 49.4 | 237.5 | — |
2026 Q2428 · real 428real year on year +0.9%
2025 Q4424 · real 424real year on year +1.6%
2024 Q4418 · real 418real year on year +0.4%
2023 Q4404 · real 416real year on year −1.2%
2022 Q4393 · real 421real year on year −0.6%
2021 Q4366 · real 423real year on year +15.1%
2020 Q4303 · real 368real year on year +5.9%
2019 Q4283 · real 347real year on year +4.3%
2018 Q4266 · real 333real year on year +6.8%
2017 Q4244 · real 312real year on year +9.1%
2016 Q4219 · real 286real year on year +9.5%
2015 Q4197 · real 261real year on year +8.9%
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 41420. Real terms by the World Bank's US consumer price index, annual.