Housing Inventory: Price Reduced Count in Pennsylvania
PRIREDCOUPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,148.00
Year-over-Year Change
13.95%
Date Range
7/1/2016 - 7/1/2025
Summary
This economic trend measures the number of housing listings in Pennsylvania that have had their prices reduced. It provides insights into the state's real estate market dynamics and can inform policymakers and investors.
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 Housing Inventory: Price Reduced Count in Pennsylvania tracks the number of homes listed for sale in the state that have undergone price reductions. This metric offers valuable insights into market conditions, consumer demand, and seller behavior within the Pennsylvania housing market.
Methodology
The data is collected and reported by real estate industry sources.
Historical Context
This trend is closely monitored by housing market analysts, real estate professionals, and policymakers to gauge the health and competitiveness of the Pennsylvania housing market.
Key Facts
- Pennsylvania has the 6th largest state economy in the U.S.
- Housing is a significant component of the Pennsylvania economy.
- Price reductions can indicate shifts in buyer demand and seller expectations.
FAQs
Q: What does this economic trend measure?
A: The Housing Inventory: Price Reduced Count in Pennsylvania measures the number of home listings in the state that have had their prices reduced by sellers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the dynamics of the Pennsylvania housing market, including changes in buyer demand, seller pricing strategies, and overall market competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and reported by real estate industry sources.
Q: How is this trend used in economic policy?
A: Policymakers and housing market analysts closely monitor this trend to gauge the health and competitiveness of the Pennsylvania real estate market, which has significant implications for the state's broader economic performance.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the real estate industry sources, which may result in occasional delays or limitations in the availability of the most current information.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count in Pennsylvania (PRIREDCOUPA), retrieved from FRED.