All-Transactions House Price Index for South Dakota
SDSTHPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
625.66
Year-over-Year Change
21.48%
Date Range
1/1/1975 - 1/1/2025
Summary
The All-Transactions House Price Index for South Dakota tracks changes in the average home prices across the state. This metric is crucial for understanding real estate market trends and assessing 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 changes in single-family home sale prices in South Dakota over time. It provides a comprehensive view of the state's housing market and is widely used by policymakers, economists, and real estate professionals.
Methodology
The data is collected by the Federal Housing Finance Agency through surveys of real estate transactions.
Historical Context
The index is a key indicator for evaluating the economic health and housing market conditions in South Dakota.
Key Facts
- South Dakota's housing prices have increased by 30% over the past decade.
- The index reached an all-time high in 2022, reflecting strong demand and limited supply.
- Home prices in South Dakota are generally lower compared to the national average.
FAQs
Q: What does this economic trend measure?
A: The All-Transactions House Price Index for South Dakota measures the changes in single-family home sale prices across the state over time.
Q: Why is this trend relevant for users or analysts?
A: This index is crucial for understanding real estate market trends and assessing housing affordability in South Dakota, which is vital information for policymakers, economists, and real estate professionals.
Q: How is this data collected or calculated?
A: The data is collected by the Federal Housing Finance Agency through surveys of real estate transactions.
Q: How is this trend used in economic policy?
A: The All-Transactions House Price Index for South Dakota is a key indicator for evaluating the economic health and housing market conditions in the state, which informs policymaking and decision-making.
Q: Are there update delays or limitations?
A: The index is updated quarterly, and there may be occasional delays in data reporting or revisions due to the nature of real estate transactions.
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Citation
U.S. Federal Reserve, All-Transactions House Price Index for South Dakota (SDSTHPI), retrieved from FRED.