Puerto Rico house price index, seasonally adjusted (Q1 1995=100)
Real estate price trend in Puerto Rico.
We use the Federal Housing Finance Agency quarterly purchase-only house price index for Puerto Rico.
Estudios Tecnicos Inc., a consulting firm, publish a quarterly Construction and Sales activity report (subscription-only).
House prices in Puerto Rico, % change 1 yr
Nominal and inflation-adjusted ('real')
Quarterly change in house prices, inflation-adjusted
| Q1 | Q2 | Q3 | Q4 | |
| 2025 | -1.94% | 1.65% | -5.84% | |
| 2024 | 9.36% | 0.63% | 8.56% | 0.30% |
| 2023 | 0.68% | 2.45% | 0.39% | -6.38% |
| 2022 | 3.06% | -5.60% | 6.58% | -3.48% |
| 2021 | -1.58% | -1.00% | 2.20% | -2.21% |
| 2020 | -2.18% | 7.40% | 2.65% | 5.92% |
| 2019 | 4.62% | -2.17% | 5.53% | 2.21% |
| 2018 | -0.62% | -2.60% | -0.20% | -2.73% |
| 2017 | 0.34% | -4.51% | 1.56% | -0.72% |
| 2016 | 1.91% | -7.49% | 7.04% | -8.43% |
| 2015 | -2.73% | 0.93% | -3.32% | 1.86% |
| 2014 | 0.88% | -1.25% | -7.60% | 4.63% |
| 2013 | -0.60% | -1.52% | -5.40% | 0.30% |
| 2012 | 1.53% | 0.56% | -0.25% | -1.02% |
| 2011 | -3.26% | -2.62% | -1.40% | -0.36% |
| 2010 | 2.92% | -1.19% | 4.94% | -4.07% |
| 2009 | 2.52% | -2.31% | 0.73% | -5.75% |
| 2008 | 1.79% | -5.75% | 0.40% | 1.54% |
| 2007 | 0.81% | 1.60% | -1.11% | -3.99% |
| 2006 | 1.04% | -2.11% | 0.16% | -1.50% |
| 2005 | 0.83% | 0.12% | -4.03% | 1.75% |
| 2004 | 1.38% | -2.29% | 2.56% | 0.17% |
| 2003 | 0.85% | 1.54% | 0.11% | -0.02% |
| 2002 | 2.86% | -1.67% | 0.75% | 2.03% |
| 2001 | 4.86% | 0.14% | 2.14% | 1.28% |
| 2000 | -1.47% | 1.69% | 1.65% | 0.30% |
| 1999 | 3.66% | -1.10% | 1.39% | 0.00% |
| 1998 | 4.62% | 0.16% | 4.09% | 0.94% |
| 1997 | 1.63% | 1.55% | 3.30% | -2.39% |
| 1996 | -0.14% | 1.26% | 0.65% | 0.46% |
| 1995 | 2.98% | 3.35% | 4.54% |
This table shows the change in house prices during a single quarter, adjusted for inflation.
Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.
Yearly change in house prices, nominal and inflation-adjusted
| Year | Inflation Adjusted | Nominal Change |
| 2025 | -5.86% | -4.03% |
| 2024 | 19.82% | 22.11% |
| 2023 | -3.06% | -1.13% |
| 2022 | 0.08% | 6.12% |
| 2021 | -2.62% | 1.43% |
| 2020 | 14.23% | 14.13% |
| 2019 | 10.41% | 10.99% |
| 2018 | -6.03% | -5.47% |
| 2017 | -3.39% | -2.30% |
| 2016 | -7.59% | -7.18% |
| 2015 | -3.33% | -3.48% |
| 2014 | -3.69% | -3.62% |
| 2013 | -7.13% | -6.38% |
| 2012 | 0.80% | 1.97% |
| 2011 | -7.45% | -4.43% |
| 2010 | 2.37% | 2.91% |
| 2009 | -4.91% | -1.20% |
| 2008 | -2.19% | -0.86% |
| 2007 | -2.76% | 1.38% |
| 2006 | -2.41% | 1.99% |
| 2005 | -1.43% | 4.37% |
| 2004 | 1.77% | 6.80% |
| 2003 | 2.50% | 3.05% |
| 2002 | 3.97% | 6.37% |
| 2001 | 8.62% | 6.49% |
| 2000 | 2.15% | 5.75% |
| 1999 | 3.94% | 5.56% |
| 1998 | 10.10% | 9.89% |
| 1997 | 4.06% | 4.45% |
| 1996 | 2.24% | 6.23% |
This table shows how house prices have changed over each year. It compares the latest quarter or month of a given year with the same period the year before, so you can quickly see whether prices went up or down over that year.
