Housing Inventory: Price Reduced Count Month-Over-Month in Connecticut
PRIREDCOUMMCT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.44
Year-over-Year Change
-75.94%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic trend measures the month-over-month change in the number of housing listings in Connecticut that have had their prices reduced. It provides insight into the state's real estate market dynamics and is a leading indicator of housing demand and price pressures.
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 Connecticut tracks the change in the number of Connecticut home listings that have lowered their asking prices compared to the previous month. This metric signals shifts in housing market activity and consumer sentiment, which is valuable information for real estate analysts, policymakers, and investors.
Methodology
The data is collected by real estate listing services and aggregated by the Federal Reserve.
Historical Context
This trend is closely monitored by economists and market participants to assess the health of the Connecticut housing market and broader economic conditions.
Key Facts
- The trend reached a record high in 2020 during the COVID-19 pandemic.
- Price reductions indicate slowing housing demand and potential price corrections.
- Connecticut is a major residential real estate market in the Northeast United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month change in the number of housing listings in Connecticut that have had their prices reduced, providing insight into housing market activity and demand.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important leading indicator of changes in the Connecticut housing market, informing real estate professionals, investors, and policymakers about shifting market conditions and consumer sentiment.
Q: How is this data collected or calculated?
A: The data is collected by real estate listing services and aggregated by the Federal Reserve.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists and policymakers to assess the health of the Connecticut housing market and broader economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count Month-Over-Month in Connecticut (PRIREDCOUMMCT), retrieved from FRED.