Housing Inventory: Price Reduced Count in Maryland
PRIREDCOUMD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,582.00
Year-over-Year Change
47.59%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Price Reduced Count in Maryland' trend measures the number of homes listed for sale in Maryland that have had their asking price reduced. This metric provides insight into the state's housing market 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 series tracks the count of price-reduced listings in the Maryland housing market, offering a timely indicator of seller sentiment and buyer demand. It is closely monitored by real estate professionals, policymakers, and economists to assess regional housing conditions.
Methodology
The data is collected from listings on major real estate platforms and aggregated to produce the monthly count.
Historical Context
Changes in the price-reduced count can signal shifts in Maryland's housing market, informing policy decisions and investment strategies.
Key Facts
- Maryland has the 5th largest housing market in the United States.
- The median home price in Maryland is $350,000, 27% above the national average.
- Housing inventory levels in Maryland have fluctuated significantly in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the count of home listings in Maryland that have had their asking price reduced, providing insight into seller sentiment and buyer demand in the state's housing market.
Q: Why is this trend relevant for users or analysts?
A: Changes in the price-reduced count are closely monitored by real estate professionals, policymakers, and economists as an indicator of housing market conditions in Maryland, informing investment decisions and policy responses.
Q: How is this data collected or calculated?
A: The data is collected from listings on major real estate platforms and aggregated to produce the monthly count of price-reduced homes in Maryland.
Q: How is this trend used in economic policy?
A: Fluctuations in the price-reduced count can signal shifts in Maryland's housing market, informing policy decisions related to housing affordability, mortgage rates, and regional economic development.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with a typical 4-6 week delay between the end of the reference period and the data release.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count in Maryland (PRIREDCOUMD), retrieved from FRED.