Home Price Indices

Home Price Indices are statistical tools that track how residential property prices change over time in specific areas or nationally. They help measure whether home values are rising, falling, or stable, providing insights for buyers, sellers, policymakers, and investors. These indices are calculated using data from recent sales and appraisals, adjusting for factors like property size and features to ensure accurate comparisons. By monitoring trends, they offer a clear picture of the housing market’s direction, supporting informed decisions and economic analysis.