All-Transactions House Price Index for Provo-Orem, UT (MSA)
ATNHPIUS39340Q • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
441.15
Year-over-Year Change
12.35%
Date Range
4/1/1982 - 1/1/2025
Summary
The All-Transactions House Price Index for Provo-Orem, UT (MSA) tracks changes in the average sale price of residential properties in the Provo-Orem metropolitan area. This metric is a key indicator of regional housing market conditions and 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 price at which single-family homes, townhomes, and condominiums are sold in a given metropolitan area. It is a widely-used benchmark for assessing the health and affordability of local real estate markets.
Methodology
The index is calculated based on data collected from sales deed records and other sources by the Federal Housing Finance Agency.
Historical Context
Policymakers and analysts monitor this index to understand broader economic and demographic shifts impacting housing supply and demand in the Provo-Orem region.
Key Facts
- The index uses 2012 as the base year with a value of 100.
- Provo-Orem is part of Utah County, one of the fastest-growing metro areas in the U.S.
- House prices in the region have risen steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: The All-Transactions House Price Index tracks the average sale price of single-family homes, townhomes, and condos in the Provo-Orem, Utah metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This index provides a valuable benchmark for assessing the affordability and dynamics of the local real estate market, which is crucial for policymakers, real estate professionals, and consumers.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Housing Finance Agency based on sales deed records and other housing transaction data.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this index to understand broader economic and demographic shifts impacting housing supply and demand in the Provo-Orem region.
Q: Are there update delays or limitations?
A: The All-Transactions House Price Index is updated quarterly, with a slight delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, All-Transactions House Price Index for Provo-Orem, UT (MSA) (ATNHPIUS39340Q), retrieved from FRED.