All-Transactions House Price Index for Worcester, MA-CT (MSA)
ATNHPIUS49340Q • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
405.37
Year-over-Year Change
25.44%
Date Range
4/1/1979 - 1/1/2025
Summary
The All-Transactions House Price Index for Worcester, MA-CT (MSA) measures the changes in single-family home prices within the Worcester metropolitan area. This metric is a key indicator of regional housing market trends and 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 All-Transactions House Price Index tracks the sale prices of single-family homes in the Worcester, MA-CT metropolitan statistical area. It is used by economists, policymakers, and real estate analysts to assess the strength and affordability of the local housing market.
Methodology
The index is calculated by the Federal Housing Finance Agency using sale prices and appraisal data for repeat home sales.
Historical Context
Housing prices are an important factor in consumer spending, mortgage lending, and overall economic growth in metropolitan areas.
Key Facts
- The index has a base year of 1980.
- Worcester's housing prices have increased by over 200% since 1980.
- Home prices in the Worcester metro area are lower than the national average.
FAQs
Q: What does this economic trend measure?
A: The All-Transactions House Price Index for Worcester, MA-CT (MSA) measures the changes in single-family home sale prices within the Worcester metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Housing prices are a key indicator of regional economic conditions and consumer purchasing power. The Worcester house price index is used by economists, policymakers, and real estate professionals to assess the local housing market.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Housing Finance Agency using repeat sales of single-family homes in the Worcester, MA-CT metropolitan area.
Q: How is this trend used in economic policy?
A: Housing prices influence consumer spending, mortgage lending, and overall economic growth in metropolitan areas. Policymakers use this index to monitor regional housing market conditions and develop appropriate fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The All-Transactions House Price Index for Worcester, MA-CT is updated quarterly by the Federal Housing Finance Agency. There may be a 1-2 quarter lag in the most recent data.
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Citation
U.S. Federal Reserve, All-Transactions House Price Index for Worcester, MA-CT (MSA) (ATNHPIUS49340Q), retrieved from FRED.