S&P CoreLogic Case-Shiller OH-Cleveland Home Price Index
CEXRSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
199.63
Year-over-Year Change
4.77%
Date Range
1/1/1987 - 5/1/2025
Summary
The S&P CoreLogic Case-Shiller OH-Cleveland Home Price Index tracks changes in the value of residential real estate in the Cleveland, Ohio metropolitan area. This metric is a key indicator of the local housing market and can inform economic and policy decisions.
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 S&P CoreLogic Case-Shiller OH-Cleveland Home Price Index is part of the Case-Shiller family of national, regional, and local home price indices. It measures the average change in home prices across a defined geographic region over time, providing insight into housing market trends and dynamics.
Methodology
The index is calculated based on home sales price data using the repeat-sales method.
Historical Context
Policymakers and real estate analysts closely monitor the Case-Shiller indices to assess housing market conditions and their broader economic implications.
Key Facts
- The index is published monthly with a 2-month lag.
- Cleveland home prices have risen over 50% since the 2008 recession.
- The index uses the repeat-sales method to control for changes in home quality.
FAQs
Q: What does this economic trend measure?
A: The S&P CoreLogic Case-Shiller OH-Cleveland Home Price Index measures changes in the value of residential real estate in the Cleveland, Ohio metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the local housing market, which can inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The index is calculated based on home sales price data using the repeat-sales method.
Q: How is this trend used in economic policy?
A: Policymakers and real estate analysts closely monitor the Case-Shiller indices to assess housing market conditions and their broader economic implications.
Q: Are there update delays or limitations?
A: The index is published monthly with a 2-month lag.
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Citation
U.S. Federal Reserve, S&P CoreLogic Case-Shiller OH-Cleveland Home Price Index (CEXRSA), retrieved from FRED.