Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Arizona
MEDLISPRIPERSQUFEEYYAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.13
Year-over-Year Change
264.52%
Date Range
7/1/2017 - 7/1/2025
Summary
This trend measures the year-over-year change in the median listing price per square foot for homes in Arizona. It provides insight into the strength of the state's housing market and real estate price dynamics.
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: Median Listing Price per Square Feet Year-Over-Year in Arizona metric tracks the annual percentage change in the typical listed price per square foot for residential properties in the state. This indicator is closely monitored by real estate analysts, investors, and policymakers to gauge housing affordability and market conditions.
Methodology
The data is collected and calculated by Realtor.com based on listings in the state of Arizona.
Historical Context
This trend is widely used to assess the health of the Arizona housing market and inform real estate investment and policy decisions.
Key Facts
- Arizona home prices have risen over 20% year-over-year.
- Median listing price per square foot reached a new high in 2022.
- Housing affordability remains a key concern for many Arizonans.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in the median listing price per square foot for homes in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insight into the strength and affordability of the Arizona housing market, which is important for real estate investors, homebuyers, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Realtor.com based on listing information for properties in Arizona.
Q: How is this trend used in economic policy?
A: Trends in Arizona home prices are closely monitored by state and local policymakers to inform housing and affordability policies.
Q: Are there update delays or limitations?
A: The data is reported monthly with a short lag, providing timely information on the state's housing market conditions.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Arizona (MEDLISPRIPERSQUFEEYYAZ), retrieved from FRED.