Traverse City, MI
House prices for this metro area, real and nominal, since FHFA's series begins.
FHFA all-transactions · 1985 Q2 to 2026 Q2 · real terms in 2024 dollars · built 2026-10-31
All metro areas · this area is traverse city 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. 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 +3.3%
nominal +3.3%
Five years
Five years real +37.8%
nominal +59.5%
Ten years
Ten years real +76.7%
nominal +130.9%
Twenty-five years
Twenty-five years real +69.4%
nominal +200.0%
Since 2000
Since 2000 real +79.6%
nominal +227.1%
2007 to 2012
crash, real −27.2%
2007Q2 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 | 475.7 | 475.7 | real year on year +1.4% |
| 2025 Q4 | 469.2 | 469.2 | real year on year +7.3% |
| 2024 Q4 | 437.4 | 437.4 | real year on year +3.6% |
| 2023 Q4 | 410.0 | 422.1 | real year on year +3.7% |
| 2022 Q4 | 379.9 | 407.2 | real year on year +6.3% |
| 2021 Q4 | 331.0 | 383.2 | real year on year +16.3% |
| 2020 Q4 | 271.8 | 329.5 | real year on year +5.2% |
| 2019 Q4 | 255.2 | 313.1 | real year on year +4.7% |
| 2018 Q4 | 239.4 | 299.1 | real year on year +2.3% |
| 2017 Q4 | 228.4 | 292.3 | real year on year +6.6% |
| 2016 Q4 | 209.7 | 274.1 | real year on year +4.6% |
| 2015 Q4 | 198.0 | 262.0 | real year on year +5.9% |
| 2014 Q4 | 186.7 | 247.4 | real year on year +3.2% |
| 2013 Q4 | 178.1 | 239.8 | real year on year +3.5% |
| 2012 Q4 | 169.6 | 231.8 | real year on year −2.7% |
| 2011 Q4 | 170.7 | 238.1 | real year on year −6.8% |
| 2010 Q4 | 177.5 | 255.4 | real year on year −4.2% |
| 2009 Q4 | 182.4 | 266.7 | real year on year −4.9% |
| 2008 Q4 | 192.4 | 280.3 | real year on year −7.6% |
| 2007 Q4 | 200.4 | 303.2 | real year on year −3.7% |
| 2006 Q4 | 202.3 | 314.8 | real year on year −1.1% |
| 2005 Q4 | 198.2 | 318.4 | real year on year +0.9% |
| 2004 Q4 | 190.0 | 315.5 | real year on year +2.8% |
| 2003 Q4 | 180.0 | 306.9 | real year on year +3.5% |
| 2002 Q4 | 170.0 | 296.5 | real year on year +3.2% |
| 2001 Q4 | 162.2 | 287.3 | real year on year +2.1% |
| 2000 Q4 | 154.6 | 281.5 | real year on year +4.4% |
| 1999 Q4 | 143.3 | 269.8 | real year on year +9.8% |
| 1998 Q4 | 127.6 | 245.6 | real year on year +4.1% |
| 1997 Q4 | 120.7 | 235.9 | real year on year +5.0% |
| 1996 Q4 | 112.3 | 224.7 | real year on year +4.3% |
| 1995 Q4 | 104.7 | 215.4 | real year on year +5.8% |
| 1994 Q4 | 96.2 | 203.7 | real year on year +8.1% |
| 1993 Q4 | 86.7 | 188.3 | real year on year +0.2% |
| 1992 Q4 | 84.1 | 188.0 | real year on year +1.9% |
| 1991 Q4 | 80.1 | 184.5 | real year on year +0.5% |
| 1990 Q4 | 76.5 | 183.6 | real year on year +1.2% |
| 1989 Q4 | 71.7 | 181.5 | real year on year −0.3% |
| 1988 Q4 | 68.6 | 182.0 | real year on year +1.8% |
| 1987 Q4 | 64.8 | 178.8 | real year on year −1.0% |
| 1986 Q4 | 63.1 | 180.6 | real year on year +5.1% |
| 1985 Q4 | 58.9 | 171.8 | — |
2026 Q2476 · real 476real year on year +1.4%
2025 Q4469 · real 469real year on year +7.3%
2024 Q4437 · real 437real year on year +3.6%
2023 Q4410 · real 422real year on year +3.7%
2022 Q4380 · real 407real year on year +6.3%
2021 Q4331 · real 383real year on year +16.3%
2020 Q4272 · real 329real year on year +5.2%
2019 Q4255 · real 313real year on year +4.7%
2018 Q4239 · real 299real year on year +2.3%
2017 Q4228 · real 292real year on year +6.6%
2016 Q4210 · real 274real year on year +4.6%
2015 Q4198 · real 262real year on year +5.9%
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 45900. Real terms by the World Bank's US consumer price index, annual.