Housing Inventory: Price Reduced Count Month-Over-Month in Alabama
PRIREDCOUMMAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.27
Year-over-Year Change
-46.64%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic trend measures the month-over-month change in the number of housing units in Alabama that have had their listing prices reduced. It provides insights into the state's real estate market dynamics and pricing adjustments.
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 Reduced Count Month-Over-Month in Alabama series tracks the monthly change in the number of homes in Alabama that have experienced price reductions by their sellers. This metric offers valuable information about supply-demand imbalances, buyer sentiment, and pricing flexibility in the state's housing market.
Methodology
The data is collected through surveys of real estate agents and listings platforms.
Historical Context
This trend is closely monitored by policymakers, real estate analysts, and market participants to assess the health and affordability of Alabama's housing sector.
Key Facts
- The series is published monthly by the U.S. Federal Reserve.
- Price reductions can signal softening demand or oversupply in the market.
- Tracking this trend helps identify turning points in the housing cycle.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month change in the number of housing units in Alabama that have had their listing prices reduced by sellers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the dynamics of Alabama's real estate market, including supply-demand imbalances, buyer sentiment, and pricing flexibility.
Q: How is this data collected or calculated?
A: The data is collected through surveys of real estate agents and listings platforms.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, real estate analysts, and market participants to assess the health and affordability of Alabama's housing sector.
Q: Are there update delays or limitations?
A: The series is published monthly by the U.S. Federal Reserve, with a typical delay of several weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count Month-Over-Month in Alabama (PRIREDCOUMMAL), retrieved from FRED.