All-Transactions House Price Index for Grand Junction, CO (MSA)
ATNHPIUS24300Q • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
461.87
Year-over-Year Change
23.92%
Date Range
4/1/1979 - 1/1/2025
Summary
The All-Transactions House Price Index for Grand Junction, CO (MSA) measures the price changes of single-family homes in the Grand Junction metropolitan area. This index is an important indicator of the local housing market and real estate trends.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The All-Transactions House Price Index tracks the average sale price of homes in the Grand Junction, Colorado metropolitan statistical area (MSA). It provides a comprehensive measure of house price movements and is widely used by economists, policymakers, and real estate professionals to analyze the health and trends of the local housing market.
Methodology
The index is calculated using sales price data collected from county assessor records and other sources.
Historical Context
The house price index is a key metric for evaluating the performance and affordability of the Grand Junction housing market.
Key Facts
- The index uses 2000 as the base year, with a value of 100.
- Grand Junction is a metropolitan area in western Colorado with a population of around 150,000.
- Housing prices in Grand Junction have risen steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: The All-Transactions House Price Index for Grand Junction, CO (MSA) measures the average sale price of single-family homes in the Grand Junction metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of the local housing market and real estate trends, providing insights for economists, policymakers, and real estate professionals.
Q: How is this data collected or calculated?
A: The index is calculated using sales price data collected from county assessor records and other sources.
Q: How is this trend used in economic policy?
A: The house price index is a key metric for evaluating the performance and affordability of the Grand Junction housing market, which is relevant for local and regional economic policies.
Q: Are there update delays or limitations?
A: The index is updated quarterly by the Federal Reserve, with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, All-Transactions House Price Index for Grand Junction, CO (MSA) (ATNHPIUS24300Q), retrieved from FRED.