S&P CoreLogic Case-Shiller NV-Las Vegas Home Price Index
LVXRNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
305.87
Year-over-Year Change
3.30%
Date Range
1/1/1987 - 5/1/2025
Summary
The S&P CoreLogic Case-Shiller NV-Las Vegas Home Price Index tracks the average change in home prices in the Las Vegas metropolitan area. It serves as a key indicator of the region's housing market performance and overall economic conditions.
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 NV-Las Vegas Home Price Index is part of the broader S&P CoreLogic Case-Shiller National Home Price Index, which is widely used by economists, policymakers, and real estate professionals to analyze housing market trends across major U.S. metropolitan areas.
Methodology
The index is calculated based on repeat sales of single-family homes, using a proprietary Case-Shiller methodology.
Historical Context
Trends in the Las Vegas home price index are closely monitored by real estate investors, mortgage lenders, and policymakers to assess the health of the local housing market and broader economic conditions.
Key Facts
- The index is published monthly with a 2-month lag.
- Las Vegas home prices reached a record high in 2022.
- The index is used to track the health of the local housing market.
FAQs
Q: What does this economic trend measure?
A: The S&P CoreLogic Case-Shiller NV-Las Vegas Home Price Index measures the average change in home prices in the Las Vegas metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the health and performance of the Las Vegas housing market, which is important for real estate investors, mortgage lenders, and policymakers.
Q: How is this data collected or calculated?
A: The index is calculated based on repeat sales of single-family homes using a proprietary Case-Shiller methodology.
Q: How is this trend used in economic policy?
A: Trends in the Las Vegas home price index are closely monitored by policymakers to assess the health of the local housing market and broader economic conditions.
Q: Are there update delays or limitations?
A: The index is published monthly with a 2-month lag, meaning the latest data point reflects home prices from two months prior.
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Citation
U.S. Federal Reserve, S&P CoreLogic Case-Shiller NV-Las Vegas Home Price Index (LVXRNSA), retrieved from FRED.