All-Transactions House Price Index for New Mexico
NMSTHPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
544.02
Year-over-Year Change
22.42%
Date Range
1/1/1975 - 1/1/2025
Summary
The All-Transactions House Price Index for New Mexico tracks changes in the average sales price of single-family homes in the state. This metric is crucial for analyzing housing market trends and informing policymakers.
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 for New Mexico is a widely-used indicator of the state's residential real estate market. It measures the average price of single-family home sales, providing insights into housing affordability and the health of the local economy.
Methodology
The index is calculated by the Federal Housing Finance Agency using sales price data from real estate transactions.
Historical Context
This housing price index helps guide economic and policy decisions related to the New Mexico housing market.
Key Facts
- New Mexico's house price index has risen over 50% since 2010.
- The index reached an all-time high in 2022.
- Housing affordability is a growing concern in many New Mexico communities.
FAQs
Q: What does this economic trend measure?
A: The All-Transactions House Price Index for New Mexico tracks the average sales price of single-family homes in the state.
Q: Why is this trend relevant for users or analysts?
A: This housing price index provides crucial insights into the health of New Mexico's real estate market, informing decisions by policymakers, homebuyers, and real estate professionals.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Housing Finance Agency using sales price data from real estate transactions.
Q: How is this trend used in economic policy?
A: The New Mexico house price index helps guide economic and housing policy decisions, as it reflects market conditions and affordability for residents.
Q: Are there update delays or limitations?
A: The house price index data is released quarterly with a short lag, providing timely information on housing market trends.
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Citation
U.S. Federal Reserve, All-Transactions House Price Index for New Mexico (NMSTHPI), retrieved from FRED.