All-Transactions House Price Index for Elmira, NY (MSA)
ATNHPIUS21300Q • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
232.35
Year-over-Year Change
6.71%
Date Range
7/1/1990 - 1/1/2025
Summary
The All-Transactions House Price Index for Elmira, NY (MSA) measures the average change in home prices within the Elmira metropolitan statistical area. This metric is closely watched by economists and policymakers to gauge regional 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 sale prices of single-family homes, condos, and co-ops in the Elmira, NY metropolitan area. It is a valuable indicator of local real estate market conditions and can inform policy decisions related to housing supply, mortgage rates, and economic development.
Methodology
The data is collected through surveys of real estate transactions and calculated using a weighted repeat-sales methodology.
Historical Context
This index is used by analysts to monitor the health of the regional housing market and make informed decisions about mortgage lending, construction, and urban planning.
Key Facts
- The Elmira, NY MSA covers Chemung County.
- House prices in Elmira rose 5.2% year-over-year as of the latest data.
- The index is published quarterly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The All-Transactions House Price Index for Elmira, NY (MSA) measures the average change in home sale prices within the Elmira metropolitan statistical area.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of regional housing market conditions and affordability, providing insights that inform decisions about mortgage lending, construction, and urban planning.
Q: How is this data collected or calculated?
A: The data is collected through surveys of real estate transactions and calculated using a weighted repeat-sales methodology.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this index to monitor the health of the Elmira housing market and make informed decisions about mortgage lending, construction, and urban planning.
Q: Are there update delays or limitations?
A: The index is published quarterly, with a typical 2-3 month delay between the end of the reference period and the data release.
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Citation
U.S. Federal Reserve, All-Transactions House Price Index for Elmira, NY (MSA) (ATNHPIUS21300Q), retrieved from FRED.