Home Price Index (Low Tier) for Seattle, Washington
SEXRLTSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
414.95
Year-over-Year Change
1.91%
Date Range
1/1/1990 - 5/1/2025
Summary
The Home Price Index (Low Tier) for Seattle, Washington tracks changes in single-family home prices at the lower end of the market. This metric is crucial for economists and policymakers to understand housing affordability trends in a major metropolitan area.
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 Home Price Index (Low Tier) for Seattle, Washington represents the inflation-adjusted price changes of single-family homes at the lower 33% of the local market. It is a key indicator of housing affordability and a measure of economic and demographic trends within the region.
Methodology
This index is calculated by the Federal Housing Finance Agency using a repeat-sales methodology on home sales data.
Historical Context
The Home Price Index is used by analysts to assess the impact of local housing policies, mortgage rates, and population growth on low-income homebuyers.
Key Facts
- The low-tier home price index has increased by 85% in Seattle since 2012.
- Homes in the bottom third of the Seattle market are now unaffordable for many first-time buyers.
- Seattle's low-tier home prices have risen faster than the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: The Home Price Index (Low Tier) for Seattle, Washington tracks changes in the inflation-adjusted prices of single-family homes in the bottom third of the local market.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding housing affordability and accessibility, particularly for first-time and low-income homebuyers in the Seattle metro area.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Housing Finance Agency using a repeat-sales methodology on home sales data.
Q: How is this trend used in economic policy?
A: The Home Price Index (Low Tier) is used by economists, policymakers, and real estate analysts to assess the impact of local housing policies, mortgage rates, and population growth on low-income homebuyers.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 2-3 month lag, so it may not reflect the most recent market conditions.
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Citation
U.S. Federal Reserve, Home Price Index (Low Tier) for Seattle, Washington (SEXRLTSA), retrieved from FRED.