All-Transactions House Price Index for Salem, OR (MSA)
ATNHPIUS41420Q • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
416.44
Year-over-Year Change
10.18%
Date Range
1/1/1978 - 1/1/2025
Summary
The All-Transactions House Price Index for Salem, OR (MSA) tracks changes in the average sales price of single-family homes in the Salem metropolitan area. This metric is an important indicator of the local real estate market 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 measures the average price of homes sold in a given market, adjusting for the quality and size of the homes sold. This provides a more accurate representation of home price trends compared to median sale prices alone.
Methodology
The data is collected by the Federal Housing Finance Agency (FHFA) through surveys of home sales and mortgage transactions.
Historical Context
The house price index is used by policymakers, researchers, and real estate professionals to monitor housing market conditions and affordability.
Key Facts
- The index is published quarterly.
- Home prices in Salem, OR have risen over 50% since 2010.
- The index is based on repeat sales of the same properties.
FAQs
Q: What does this economic trend measure?
A: The All-Transactions House Price Index for Salem, OR (MSA) measures the average sales price of single-family homes in the Salem metropolitan area, adjusting for changes in the size and quality of homes sold.
Q: Why is this trend relevant for users or analysts?
A: This house price index is an important indicator of housing market conditions and affordability in the Salem, OR region, providing insights for policymakers, real estate professionals, and economists.
Q: How is this data collected or calculated?
A: The data is collected by the Federal Housing Finance Agency (FHFA) through surveys of home sales and mortgage transactions.
Q: How is this trend used in economic policy?
A: The house price index is used by policymakers, researchers, and real estate professionals to monitor housing market conditions and affordability, informing decisions on housing policy, mortgage lending, and urban development.
Q: Are there update delays or limitations?
A: The index is published quarterly, with a short delay for data collection and processing. The index may not fully capture all home sales in the region.
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Citation
U.S. Federal Reserve, All-Transactions House Price Index for Salem, OR (MSA) (ATNHPIUS41420Q), retrieved from FRED.