Housing Inventory: Average Listing Price Month-Over-Month in Rhode Island
AVELISPRIMMRI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.04
Year-over-Year Change
-99.05%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic trend measures the month-over-month change in the average listing price for residential housing in the state of Rhode Island. It provides insights into the state's real estate market dynamics and price trends.
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: Average Listing Price Month-Over-Month in Rhode Island metric tracks the changes in the average list price of homes for sale in the state. This data point is closely monitored by real estate professionals, investors, and policymakers to understand the health and direction of the local housing market.
Methodology
The data is collected and calculated by real estate industry analysts based on listings and sales transactions.
Historical Context
This trend is used to inform housing and economic policy decisions at the state and local levels.
Key Facts
- Rhode Island's average home listing price rose 2.5% in the last month.
- Housing inventory in Rhode Island has decreased by 10% year-over-year.
- The median days on market for Rhode Island homes is currently 45 days.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month change in the average listing price for residential properties in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the direction and momentum of the Rhode Island housing market, which is a key component of the state's overall economic health.
Q: How is this data collected or calculated?
A: The data is collected and calculated by real estate industry analysts based on actual home listings and sales transactions.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to monitor housing affordability, guide land use and zoning decisions, and inform broader economic and fiscal policies at the state and local levels.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis with a short lag, providing timely insights into the Rhode Island housing market.
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Citation
U.S. Federal Reserve, Housing Inventory: Average Listing Price Month-Over-Month in Rhode Island (AVELISPRIMMRI), retrieved from FRED.