All-Transactions House Price Index for Washington
WASTHPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,018.16
Year-over-Year Change
11.96%
Date Range
1/1/1975 - 1/1/2025
Summary
The All-Transactions House Price Index for Washington measures changes in the sales prices of single-family homes in the state. It is a key indicator of the health and affordability of the residential real estate market.
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 tracks the average sale price of homes in Washington, adjusted for inflation and seasonal factors. It provides valuable insights into housing market trends that are crucial for policymakers, real estate professionals, and consumers.
Methodology
The index is calculated by the Federal Housing Finance Agency using data on actual home sales transactions.
Historical Context
The Washington house price index is widely referenced by economists and analysts to assess the state's economic conditions and cost of living.
Key Facts
- Washington home prices have risen over 50% in the past decade.
- The index reached a record high in 2022, indicating a tight housing market.
- Affordability remains a challenge for many Washington residents.
FAQs
Q: What does this economic trend measure?
A: The All-Transactions House Price Index for Washington measures changes in the average sales prices of single-family homes in the state, adjusted for inflation and seasonality.
Q: Why is this trend relevant for users or analysts?
A: The Washington house price index is a crucial indicator of the health and affordability of the state's residential real estate market, providing insights that are valuable for policymakers, real estate professionals, and consumers.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Housing Finance Agency using data on actual home sales transactions.
Q: How is this trend used in economic policy?
A: The Washington house price index is widely referenced by economists and analysts to assess the state's economic conditions and cost of living, informing policy decisions related to housing, taxation, and economic development.
Q: Are there update delays or limitations?
A: The All-Transactions House Price Index for Washington is updated quarterly, with a slight delay in data availability.
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Citation
U.S. Federal Reserve, All-Transactions House Price Index for Washington (WASTHPI), retrieved from FRED.