All-Transactions House Price Index for Farmington, NM (MSA)
ATNHPIUS22140Q • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
333.81
Year-over-Year Change
30.13%
Date Range
10/1/1984 - 1/1/2025
Summary
The All-Transactions House Price Index for Farmington, NM (MSA) measures the change in home prices over time in the Farmington metropolitan area. This metric is used by economists and policymakers to analyze regional 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 tracks the sale prices of single-family homes, townhomes, and condominiums in the Farmington, NM metropolitan statistical area. It serves as an important indicator of housing affordability and regional economic conditions.
Methodology
The index is calculated using sales prices from repeat transactions on the same properties.
Historical Context
This data provides context for Federal Reserve and government policymakers evaluating regional economic and housing market dynamics.
Key Facts
- The index uses 2000 as its base year of 100.
- Farmington is located in northwest New Mexico.
- Home prices have risen steadily in Farmington since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: The All-Transactions House Price Index for Farmington, NM (MSA) measures changes in single-family home, townhome, and condominium sale prices over time in the Farmington metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into regional housing market conditions and affordability, which are key factors for economic policymakers, real estate professionals, and consumers.
Q: How is this data collected or calculated?
A: The index is calculated using the sale prices from repeat transactions on the same properties.
Q: How is this trend used in economic policy?
A: This data helps the Federal Reserve and government analysts understand regional housing market dynamics, which informs policy decisions on interest rates, mortgage regulations, and other measures.
Q: Are there update delays or limitations?
A: The index is updated quarterly, with a 2-3 month lag in the most recent data.
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Citation
U.S. Federal Reserve, All-Transactions House Price Index for Farmington, NM (MSA) (ATNHPIUS22140Q), retrieved from FRED.