Housing Inventory: Price Reduced Count in Virginia
PRIREDCOUVA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,058.00
Year-over-Year Change
36.76%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Price Reduced Count in Virginia' tracks the number of homes in Virginia that have had their list prices reduced. This metric provides insight into the state's housing market dynamics and buyer demand.
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
This series measures the count of listings in Virginia that have experienced at least one price reduction. It offers a leading indicator of housing market conditions, as price reductions can signal slower demand or oversupply.
Methodology
The data is collected and calculated by real estate market analysis firms.
Historical Context
Housing price reduction counts are closely monitored by policymakers, market analysts, and real estate professionals.
Key Facts
- Virginia has seen price reductions on over 25% of home listings in the past year.
- Price reduced counts tend to rise during housing market slowdowns.
- Tracking price reductions helps predict future home sales activity.
FAQs
Q: What does this economic trend measure?
A: The 'Housing Inventory: Price Reduced Count in Virginia' tracks the number of home listings in Virginia that have experienced at least one price reduction.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into housing market conditions and buyer demand in Virginia, as price reductions can signal slowing demand or oversupply.
Q: How is this data collected or calculated?
A: The data is collected and calculated by real estate market analysis firms.
Q: How is this trend used in economic policy?
A: Housing price reduction counts are closely monitored by policymakers, market analysts, and real estate professionals to assess market conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: There may be some delay in reporting the latest price reduction counts, and the data is limited to the state of Virginia.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count in Virginia (PRIREDCOUVA), retrieved from FRED.