Housing Inventory: Price Reduced Count Month-Over-Month in South Carolina
PRIREDCOUMMSC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.56
Year-over-Year Change
-174.73%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Price Reduced Count Month-Over-Month in South Carolina' trend measures the month-over-month change in the number of homes with price reductions in the South Carolina housing market. This metric provides insights into supply-demand dynamics and homebuyer sentiment.
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 trend tracks the month-over-month change in the count of home listings in South Carolina that have had their prices reduced. It offers a timely indicator of shifting market conditions and homebuyer behavior in the state's residential real estate sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on real estate listing information.
Historical Context
Economists and policymakers monitor this trend to gauge housing market activity and consumer confidence in South Carolina.
Key Facts
- The series started in January 2015.
- South Carolina is the 23rd largest state by population.
- Home prices in South Carolina have risen significantly in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month change in the number of home listings in South Carolina that have had their prices reduced. It provides insight into housing market conditions and homebuyer sentiment in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for economists, real estate professionals, and policymakers as it offers timely data on the dynamics of the South Carolina housing market, which can inform business and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on information from real estate listings in South Carolina.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge housing market conditions and consumer confidence in South Carolina, which can inform decisions related to economic development, urban planning, and housing-related policies.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, and there may be some lag in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count Month-Over-Month in South Carolina (PRIREDCOUMMSC), retrieved from FRED.