Housing Inventory: Pending Listing Count Year-Over-Year in North Dakota
PENLISCOUYYND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.93
Year-over-Year Change
-13.65%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Pending Listing Count Year-Over-Year in North Dakota' metric tracks the annual change in the number of homes with pending sales listings in the state of North Dakota. This provides insight into the housing market's supply-demand 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
This data series measures the year-over-year percent change in the number of homes with pending sales listings in North Dakota. It is an important indicator of housing market activity and inventory levels in the state.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using surveys of real estate brokers and listing services.
Historical Context
This metric is used by economists, policymakers, and market analysts to assess trends in North Dakota's housing supply and prospective sales.
Key Facts
- North Dakota has a unique housing market compared to many other states.
- Pending listings are a leading indicator of future home sales activity.
- Housing inventory levels can impact prices and affordability for buyers.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the year-over-year percent change in the number of homes with pending sales listings in North Dakota. It provides insight into housing market supply and demand.
Q: Why is this trend relevant for users or analysts?
A: The pending listings count is an important leading indicator for the North Dakota housing market, helping analysts and policymakers assess current and future sales activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve through surveys of real estate brokers and listing services in North Dakota.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to gauge housing market conditions and prospective sales in North Dakota, which can inform housing, mortgage, and related economic policies.
Q: Are there update delays or limitations?
A: There may be short lags in data reporting, and the metric only covers the state of North Dakota, not the entire U.S. housing market.
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Citation
U.S. Federal Reserve, Housing Inventory: Pending Listing Count Year-Over-Year in North Dakota (PENLISCOUYYND), retrieved from FRED.