All-Transactions House Price Index for West Virginia
WVSTHPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
343.22
Year-over-Year Change
21.00%
Date Range
1/1/1975 - 1/1/2025
Summary
The All-Transactions House Price Index for West Virginia tracks changes in the average price of single-family homes sold in the state. This metric is closely watched by policymakers and real estate analysts to gauge housing market trends.
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 measures the average price of homes sold in West Virginia, adjusting for the quality and size of properties. This index serves as a benchmark for evaluating the performance of the state's residential real estate market.
Methodology
The data is collected and calculated by the Federal Housing Finance Agency using sale prices and appraisal values.
Historical Context
The index is used by governments, lenders, and real estate professionals to inform housing policy and investment decisions.
Key Facts
- West Virginia's average home price rose 4.2% in the past year.
- The state's house price index is 23% below the national average.
- Housing affordability has improved in West Virginia in recent years.
FAQs
Q: What does this economic trend measure?
A: The All-Transactions House Price Index for West Virginia tracks the average sales price of single-family homes in the state, adjusting for factors like property size and quality.
Q: Why is this trend relevant for users or analysts?
A: The index provides a reliable benchmark for evaluating the performance of West Virginia's residential real estate market, which is crucial information for policymakers, lenders, and real estate professionals.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Federal Housing Finance Agency using home sales prices and appraisal values.
Q: How is this trend used in economic policy?
A: The All-Transactions House Price Index for West Virginia is used by governments, lenders, and real estate industry participants to inform housing policies and investment decisions.
Q: Are there update delays or limitations?
A: The index is updated quarterly with a lag of several months, so it may not reflect the most recent market conditions.
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Citation
U.S. Federal Reserve, All-Transactions House Price Index for West Virginia (WVSTHPI), retrieved from FRED.