Home Price Index (High Tier) for Phoenix, Arizona
PHXRHTSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
319.48
Year-over-Year Change
2.34%
Date Range
1/1/1989 - 5/1/2025
Summary
The Home Price Index (High Tier) for Phoenix, Arizona measures changes in the prices of high-priced homes in the Phoenix metropolitan area. This metric is closely watched by economists and policymakers to gauge the strength of the local housing market.
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 Home Price Index (High Tier) for Phoenix, Arizona tracks the average price of single-family homes in the top third of the local housing market. It is a key indicator of broader real estate trends and the economic health of the Phoenix region.
Methodology
The index is calculated by the Federal Housing Finance Agency using sales price data from mortgage transactions.
Historical Context
This index is used by economists, investors, and government agencies to analyze the Phoenix housing market and make informed policy decisions.
Key Facts
- Phoenix home prices have risen steadily over the past decade.
- The high-tier index is an important gauge of luxury real estate trends.
- Housing affordability is a key concern for policymakers in the Phoenix area.
FAQs
Q: What does this economic trend measure?
A: The Home Price Index (High Tier) for Phoenix, Arizona tracks the average price of high-end single-family homes in the Phoenix metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This index is closely monitored by economists, real estate investors, and policymakers to gauge the strength of the Phoenix housing market and identify emerging trends.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Housing Finance Agency using sales price data from mortgage transactions.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this index to assess the health of the Phoenix real estate market and make informed decisions about housing and economic development policies.
Q: Are there update delays or limitations?
A: The Home Price Index (High Tier) for Phoenix is updated quarterly by the Federal Housing Finance Agency.
Related Trends
All-Transactions House Price Index for San Luis Obispo-Paso Robles, CA (MSA)
ATNHPIUS42020Q
All-Transactions House Price Index for Hattiesburg, MS (MSA)
ATNHPIUS25620Q
Zillow Home Value Index (ZHVI) for All Homes Including Single-Family Residences, Condos, and CO-OPs in Delaware
DEUCSFRCONDOSMSAMID
Zillow Home Value Index (ZHVI) for All Homes Including Single-Family Residences, Condos, and CO-OPs in Pennsylvania
PAUCSFRCONDOSMSAMID
All-Transactions House Price Index for Mansfield, OH (MSA)
ATNHPIUS31900Q
All-Transactions House Price Index for Richmond, VA (MSA)
ATNHPIUS40060Q
Citation
U.S. Federal Reserve, Home Price Index (High Tier) for Phoenix, Arizona (PHXRHTSA), retrieved from FRED.