Housing Inventory: Price Reduced Count Month-Over-Month in Maryland
PRIREDCOUMMMD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.52
Year-over-Year Change
-31.91%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic trend measures the month-over-month change in the number of houses listed for sale with a price reduction in Maryland. It provides insight into the state's housing market dynamics and is closely monitored by 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 Price Reduced Count Month-Over-Month in Maryland trend tracks the number of residential properties in the state that have had their listing prices lowered from the previous month. This metric offers valuable information about supply-and-demand conditions and seller pricing behavior in the local housing market.
Methodology
The data is collected and calculated by real estate research firms using listings information from the Maryland Multiple Listing Service (MLS).
Historical Context
This trend is widely used by housing industry analysts, homebuilders, and policymakers to assess the health and direction of the Maryland real estate market.
Key Facts
- Maryland home price reductions increased 7.2% month-over-month in June 2022.
- The median time-on-market for reduced-price homes in Maryland was 45 days in Q2 2022.
- Suburban counties surrounding Baltimore saw the largest price reduction increases in 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month change in the number of residential properties listed for sale in Maryland that have had their prices reduced.
Q: Why is this trend relevant for users or analysts?
A: The Price Reduced Count trend provides valuable insights into housing market conditions and seller pricing behavior in Maryland, which is useful for real estate professionals, policymakers, and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by real estate research firms using listings information from the Maryland Multiple Listing Service (MLS).
Q: How is this trend used in economic policy?
A: This trend is closely monitored by housing industry analysts, homebuilders, and policymakers to assess the health and direction of the Maryland real estate market, which has implications for the broader state economy.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag, and may not fully capture properties that were listed and then withdrawn from the market.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count Month-Over-Month in Maryland (PRIREDCOUMMMD), retrieved from FRED.