All-Transactions House Price Index for Odessa, TX (MSA)
ATNHPIUS36220Q • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
395.69
Year-over-Year Change
18.94%
Date Range
7/1/1982 - 1/1/2025
Summary
The All-Transactions House Price Index for Odessa, TX (MSA) tracks changes in the prices of single-family homes in the Odessa metropolitan area. This metric is a key indicator of local housing market conditions 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 measures the average change in prices paid for single-family homes in a specific geographic area. It is a widely used benchmark for analyzing residential real estate markets and can provide insights into local economic performance.
Methodology
The data is collected through surveying real estate transactions and calculating a weighted average of home sale prices.
Historical Context
Housing market trends as measured by this index are closely monitored by policymakers, economists, and real estate investors.
Key Facts
- The index is published quarterly by the Federal Reserve.
- Odessa is a major oil and gas hub in West Texas.
- House prices in Odessa have seen significant volatility in recent years.
FAQs
Q: What does this economic trend measure?
A: The All-Transactions House Price Index for Odessa, TX (MSA) measures the average change in prices paid for single-family homes in the Odessa metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Housing market trends in Odessa are a key indicator of the local economy, as the real estate sector is closely tied to the area's dominant oil and gas industry.
Q: How is this data collected or calculated?
A: The data is collected through surveying real estate transactions and calculating a weighted average of home sale prices.
Q: How is this trend used in economic policy?
A: Housing market data like the Odessa house price index is closely monitored by policymakers, economists, and real estate investors to assess local economic conditions and make informed decisions.
Q: Are there update delays or limitations?
A: The index is published quarterly, so there may be a several-month delay in the most recent data.
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Citation
U.S. Federal Reserve, All-Transactions House Price Index for Odessa, TX (MSA) (ATNHPIUS36220Q), retrieved from FRED.