Housing Inventory: Price Increased Count Year-Over-Year in Illinois
PRIINCCOUYYIL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.63
Year-over-Year Change
-160.63%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic trend measures the year-over-year change in the count of housing units with price increases in Illinois. It provides insight into the state's housing market dynamics and price inflation.
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: Price Increased Count Year-Over-Year in Illinois metric tracks the annual change in the number of housing units that experienced price increases within the state. This data point is useful for analyzing housing supply, demand, and affordability trends.
Methodology
The data is collected through surveys and analyses of real estate transactions and listings.
Historical Context
This metric is relevant for policymakers, housing market analysts, and real estate investors seeking to understand Illinois' residential price and inventory conditions.
Key Facts
- Illinois home prices have risen steadily in recent years.
- The count of homes with price increases can signal supply-demand imbalances.
- Tracking this metric helps identify housing affordability challenges.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in the count of housing units with price increases in the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Illinois' housing market dynamics, including supply, demand, and price inflation, which is useful for policymakers, housing analysts, and real estate investors.
Q: How is this data collected or calculated?
A: The data is collected through surveys and analyses of real estate transactions and listings.
Q: How is this trend used in economic policy?
A: This metric is relevant for policymakers seeking to understand and address housing affordability challenges in Illinois.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and potential limitations in coverage or accuracy, as with any survey-based economic indicator.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Increased Count Year-Over-Year in Illinois (PRIINCCOUYYIL), retrieved from FRED.