S&P CoreLogic Case-Shiller AZ-Phoenix Home Price Index
PHXRNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
330.80
Year-over-Year Change
0.91%
Date Range
1/1/1989 - 5/1/2025
Summary
The S&P CoreLogic Case-Shiller AZ-Phoenix Home Price Index tracks the average change in home prices across the Phoenix metropolitan area. It is a key indicator of the local housing market's performance and a valuable data point for economists and 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 Case-Shiller index measures the change in single-family home prices based on repeat sales of the same properties over time. It is a widely-used benchmark for assessing the health and dynamics of regional housing markets.
Methodology
The data is collected through surveys of home sales and mortgage transactions.
Historical Context
The index is closely monitored by real estate investors, mortgage lenders, and policymakers to gauge housing affordability and the potential impact on consumer spending and the broader economy.
Key Facts
- The index is published monthly with a 2-month lag.
- Home prices in Phoenix have risen over 50% since 2017.
- The index uses a 3-month moving average to smooth volatility.
FAQs
Q: What does this economic trend measure?
A: The S&P CoreLogic Case-Shiller AZ-Phoenix Home Price Index measures the average change in home prices across the Phoenix metropolitan area over time.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of the local housing market's performance and is closely watched by real estate investors, mortgage lenders, and policymakers to assess housing affordability and potential impacts on the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of home sales and mortgage transactions.
Q: How is this trend used in economic policy?
A: The Case-Shiller index is used by economists and policymakers to monitor housing affordability and its potential impact on consumer spending and the broader economy.
Q: Are there update delays or limitations?
A: The index is published monthly with a 2-month lag to allow for the collection and processing of home sales data.
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Citation
U.S. Federal Reserve, S&P CoreLogic Case-Shiller AZ-Phoenix Home Price Index (PHXRNSA), retrieved from FRED.