Housing Inventory: Average Listing Price in Minnesota
AVELISPRIMN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
545,942.00
Year-over-Year Change
1.12%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Average Listing Price in Minnesota' tracks the average price of homes listed for sale in the state. This metric provides insight into housing market conditions and housing affordability 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
This series measures the average list price of homes actively for sale in Minnesota. It offers a leading indicator of home price movements and can signal shifts in housing supply and demand within the state.
Methodology
The data is collected from real estate listings and aggregated to calculate the average listing price.
Historical Context
This trend is closely monitored by real estate analysts, policymakers, and consumers to understand housing market dynamics.
Key Facts
- Minnesota's average home listing price was $325,000 in 2022.
- Listing prices have risen 7% annually over the past 3 years.
- Inventory of homes for sale remains tight, contributing to higher prices.
FAQs
Q: What does this economic trend measure?
A: The 'Housing Inventory: Average Listing Price in Minnesota' tracks the average price of homes actively listed for sale in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into housing market conditions and affordability, which are important factors for real estate investors, homebuyers, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected from real estate listings and aggregated to calculate the average listing price.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to understand housing market dynamics and inform decisions around housing and urban development policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 4-6 week delay. Regional variations and differences between listing and sale prices are limitations to consider.
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Citation
U.S. Federal Reserve, Housing Inventory: Average Listing Price in Minnesota (AVELISPRIMN), retrieved from FRED.