Median Sales Price of Existing Homes in Northeast Census Region
HOSMEDUSNEM052N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
543,300.00
Year-over-Year Change
4.18%
Date Range
6/1/2024 - 6/1/2025
Summary
The Median Sales Price of Existing Homes in Northeast Census Region tracks the midpoint home price in the Northeastern United States. This metric is a key indicator of regional housing market conditions and consumer purchasing power.
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 Median Sales Price represents the middle value in the distribution of home sales prices in the Northeast, providing a more representative measure than the average. This statistic is closely monitored by economists, policymakers, and real estate analysts to assess housing affordability and market trends.
Methodology
The data is collected through surveys of real estate transactions by the U.S. Census Bureau.
Historical Context
The Median Sales Price is used to inform federal and state housing policies, as well as investment decisions by consumers and industry stakeholders.
Key Facts
- The Northeast region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- Median home prices in the Northeast are typically higher than the national average.
- Home sales volume and prices in the Northeast are influenced by factors like population density, land availability, and economic performance.
FAQs
Q: What does this economic trend measure?
A: The Median Sales Price of Existing Homes in Northeast Census Region tracks the midpoint home price in the Northeastern United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of regional housing market conditions and consumer purchasing power, closely monitored by economists, policymakers, and real estate analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of real estate transactions by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: The Median Sales Price is used to inform federal and state housing policies, as well as investment decisions by consumers and industry stakeholders.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the Census Bureau, with potential lags in availability.
Related Trends
New One Family Houses Sold for the Northeast Census Region
HSN1FNENSA
Expenditures: Vehicle Insurance by Region: Residence in the Northeast Census Region
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Other Financial Information: Estimated Monthly Rental Value of Owned Home by Region: Residence in the Northeast Census Region
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Housing Inventory Estimate: Year-Round Vacant Housing Units in the Northeast Census Region
EYRVACNEQ176N
Expenditures: Public and Other Transportation by Region: Residence in the Northeast Census Region
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Rental Vacancy Rate in the Northeast Census Region
RRVRNEQ156N
Citation
U.S. Federal Reserve, Median Sales Price of Existing Homes in Northeast Census Region (HOSMEDUSNEM052N), retrieved from FRED.