All-Transactions House Price Index for Ocean City, NJ (MSA)
ATNHPIUS36140Q • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
585.13
Year-over-Year Change
42.08%
Date Range
10/1/1985 - 10/1/2024
Summary
The All-Transactions House Price Index for Ocean City, NJ (MSA) measures changes in the prices of single-family homes in the Ocean City metropolitan area. This index is a key indicator of local real estate market trends and housing 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 prices of single-family homes in the Ocean City, NJ metropolitan statistical area (MSA). It is used by economists, policymakers, and real estate analysts to understand housing market dynamics and assess home price appreciation or depreciation over time.
Methodology
The index is calculated using sales prices and appraisal data collected by the Federal Housing Finance Agency.
Historical Context
Trends in the All-Transactions House Price Index are closely monitored by housing market participants and policymakers to inform decisions and policies related to the local real estate market.
Key Facts
- The index has a base year of 2000.
- Ocean City is a popular retirement and vacation destination.
- Home prices in the area are heavily influenced by seasonal tourism.
FAQs
Q: What does this economic trend measure?
A: The All-Transactions House Price Index for Ocean City, NJ (MSA) measures changes in the prices of single-family homes in the local real estate market.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of housing market conditions and affordability in the Ocean City metropolitan area, which is important for real estate investors, homebuyers, and policymakers.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Housing Finance Agency using sales prices and appraisal data for single-family homes in the Ocean City, NJ MSA.
Q: How is this trend used in economic policy?
A: Trends in the All-Transactions House Price Index are monitored by policymakers and market participants to inform decisions related to the local real estate market, such as zoning, housing supply, and affordability initiatives.
Q: Are there update delays or limitations?
A: The index is updated quarterly, with a typical 2-month lag 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 Ocean City, NJ (MSA) (ATNHPIUS36140Q), retrieved from FRED.