All-Transactions House Price Index for Utah
UTSTHPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
839.76
Year-over-Year Change
11.46%
Date Range
1/1/1975 - 1/1/2025
Summary
The All-Transactions House Price Index for Utah measures the average change in home prices across the state over time. This key indicator is closely watched by economists, policymakers, and real estate analysts to gauge housing market trends and affordability.
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 tracks the average price changes for single-family homes, townhomes, and condominiums in Utah. It provides a broad, representative measure of the state's overall residential real estate market performance.
Methodology
The data is calculated by the Federal Housing Finance Agency using sales prices and appraisal values from mortgage transactions.
Historical Context
The index is used to inform housing and economic policies, as well as investments and financial decisions related to the Utah real estate market.
Key Facts
- Utah's home prices have risen over 40% in the past 5 years.
- The state's All-Transactions HPI reached a record high in 2022.
- Home affordability remains a key challenge for many Utah residents.
FAQs
Q: What does this economic trend measure?
A: The All-Transactions House Price Index for Utah tracks the average change in home prices across the state over time.
Q: Why is this trend relevant for users or analysts?
A: This key indicator is closely watched to gauge housing market trends and affordability, which informs economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Housing Finance Agency using sales prices and appraisal values from mortgage transactions.
Q: How is this trend used in economic policy?
A: The index is used to inform housing and economic policies, as well as investments and financial decisions related to the Utah real estate market.
Q: Are there update delays or limitations?
A: The index is updated quarterly, with a lag of several months. Users should be aware of this when interpreting the most recent data.
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Citation
U.S. Federal Reserve, All-Transactions House Price Index for Utah (UTSTHPI), retrieved from FRED.