Santa Cruz-Watsonville, CA
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 +1.7%
nominal +1.7%
Five years
Five years real +4.1%
nominal +20.5%
Ten years
Ten years real +18.5%
nominal +54.8%
Twenty-five years
Twenty-five years real +34.5%
nominal +138.2%
Since 2000
Since 2000 real +64.8%
nominal +200.2%
2007 to 2012
crash, real −38.0%
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 | 460.8 | 460.8 | real year on year +2.8% |
| 2025 Q4 | 448.1 | 448.1 | real year on year −1.0% |
| 2024 Q4 | 452.5 | 452.5 | real year on year −1.0% |
| 2023 Q4 | 444.0 | 457.1 | real year on year −4.3% |
| 2022 Q4 | 445.9 | 477.9 | real year on year −0.8% |
| 2021 Q4 | 416.0 | 481.6 | real year on year +12.7% |
| 2020 Q4 | 352.6 | 427.4 | real year on year +0.9% |
| 2019 Q4 | 345.3 | 423.6 | real year on year +0.6% |
| 2018 Q4 | 337.1 | 421.1 | real year on year +0.7% |
| 2017 Q4 | 326.7 | 418.1 | real year on year +3.0% |
| 2016 Q4 | 310.5 | 405.8 | real year on year +5.8% |
| 2015 Q4 | 289.8 | 383.6 | real year on year +9.5% |
| 2014 Q4 | 264.3 | 350.2 | real year on year +8.6% |
| 2013 Q4 | 239.4 | 322.4 | real year on year +10.0% |
| 2012 Q4 | 214.5 | 293.1 | real year on year +1.5% |
| 2011 Q4 | 207.1 | 288.8 | real year on year −7.8% |
| 2010 Q4 | 217.8 | 313.4 | real year on year −4.3% |
| 2009 Q4 | 223.9 | 327.4 | real year on year −9.0% |
| 2008 Q4 | 247.1 | 360.0 | real year on year −17.8% |
| 2007 Q4 | 289.4 | 437.9 | real year on year −7.1% |
| 2006 Q4 | 303.0 | 471.5 | real year on year −3.9% |
| 2005 Q4 | 305.3 | 490.4 | real year on year +14.3% |
| 2004 Q4 | 258.3 | 429.0 | real year on year +14.9% |
| 2003 Q4 | 219.0 | 373.5 | real year on year +3.4% |
| 2002 Q4 | 207.1 | 361.2 | real year on year +5.8% |
| 2001 Q4 | 192.7 | 341.4 | real year on year +3.7% |
| 2000 Q4 | 180.7 | 329.2 | real year on year +19.5% |
| 1999 Q4 | 146.3 | 275.6 | real year on year +14.9% |
| 1998 Q4 | 124.6 | 239.7 | real year on year +11.6% |
| 1997 Q4 | 110.0 | 214.9 | real year on year +5.1% |
| 1996 Q4 | 102.3 | 204.6 | real year on year −1.4% |
| 1995 Q4 | 100.8 | 207.5 | real year on year −0.3% |
| 1994 Q4 | 98.4 | 208.2 | real year on year −5.2% |
| 1993 Q4 | 101.1 | 219.6 | real year on year −4.9% |
| 1992 Q4 | 103.3 | 230.8 | real year on year −4.8% |
| 1991 Q4 | 105.3 | 242.4 | real year on year −3.6% |
| 1990 Q4 | 104.7 | 251.4 | real year on year −4.0% |
| 1989 Q4 | 103.5 | 261.9 | real year on year +18.9% |
| 1988 Q4 | 83.0 | 220.2 | real year on year +14.0% |
| 1987 Q4 | 70.0 | 193.2 | real year on year +10.7% |
| 1986 Q4 | 61.0 | 174.4 | real year on year +5.8% |
| 1985 Q4 | 56.5 | 164.8 | real year on year +3.1% |
| 1984 Q4 | 52.9 | 159.8 | real year on year +4.3% |
| 1983 Q4 | 48.6 | 153.2 | real year on year −3.5% |
| 1982 Q4 | 48.8 | 158.7 | real year on year −8.7% |
| 1981 Q4 | 50.4 | 173.8 | real year on year −1.4% |
| 1980 Q4 | 46.3 | 176.3 | real year on year +2.9% |
| 1979 Q4 | 39.6 | 171.3 | real year on year +10.4% |
| 1978 Q4 | 32.3 | 155.2 | — |
2026 Q2461 · real 461real year on year +2.8%
2025 Q4448 · real 448real year on year −1.0%
2024 Q4453 · real 453real year on year −1.0%
2023 Q4444 · real 457real year on year −4.3%
2022 Q4446 · real 478real year on year −0.8%
2021 Q4416 · real 482real year on year +12.7%
2020 Q4353 · real 427real year on year +0.9%
2019 Q4345 · real 424real year on year +0.6%
2018 Q4337 · real 421real year on year +0.7%
2017 Q4327 · real 418real year on year +3.0%
2016 Q4310 · real 406real year on year +5.8%
2015 Q4290 · real 384real year on year +9.5%
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 42100. Real terms by the World Bank's US consumer price index, annual.