All-Transactions House Price Index for Springfield, MA (MSA)
ATNHPIUS44140Q • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
339.74
Year-over-Year Change
22.82%
Date Range
7/1/1979 - 1/1/2025
Summary
The All-Transactions House Price Index for Springfield, MA (MSA) tracks changes in the average sales price of single-family homes in the Springfield metropolitan area. This data provides insights into local real estate market trends and is widely used by economists and policymakers.
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 is a quarterly indicator that measures the average price at which single-family homes in the Springfield, MA metropolitan statistical area (MSA) are sold. It is a valuable gauge of the local housing market's performance and can inform policy decisions related to housing affordability and regional economic development.
Methodology
The index is calculated by the Federal Housing Finance Agency (FHFA) based on home sales data collected from county assessor and recorder offices.
Historical Context
Housing price trends are closely monitored by economists, policymakers, and real estate professionals to assess local market conditions and their broader economic implications.
Key Facts
- The index uses 2000 as the base year, with a value of 100.
- Springfield's house prices have risen 58% since 2000.
- The index reached an all-time high in Q4 2022.
FAQs
Q: What does this economic trend measure?
A: The All-Transactions House Price Index for Springfield, MA (MSA) tracks the average sales price of single-family homes in the Springfield metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the local real estate market and can inform policy decisions related to housing affordability and regional economic development.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Housing Finance Agency (FHFA) based on home sales data collected from county assessor and recorder offices.
Q: How is this trend used in economic policy?
A: Housing price trends are closely monitored by economists, policymakers, and real estate professionals to assess local market conditions and their broader economic implications.
Q: Are there update delays or limitations?
A: The index is published quarterly, with a typical release lag of approximately two months.
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Citation
U.S. Federal Reserve, All-Transactions House Price Index for Springfield, MA (MSA) (ATNHPIUS44140Q), retrieved from FRED.