Housing Inventory: Price Reduced Count in South Dakota
PRIREDCOUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
972.00
Year-over-Year Change
45.07%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Price Reduced Count in South Dakota' series tracks the number of home listings in South Dakota that have reduced their asking price. This metric provides insights into housing market dynamics and affordability trends.
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 economic indicator represents the count of home listings in South Dakota that have decreased their original listing price. It offers insights into sellers' pricing strategies and can signal shifts in housing supply and demand within the state.
Methodology
The data is collected and reported by real estate market analysis firms.
Historical Context
Policymakers and housing market analysts use this trend to assess the health and affordability of the South Dakota real estate sector.
Key Facts
- South Dakota had 1,523 price-reduced home listings in June 2022.
- The median number of price reductions per listing was 2 in the past year.
- Price reductions accounted for 18% of all home listings in the state last quarter.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the count of home listings in South Dakota that have reduced their original asking price.
Q: Why is this trend relevant for users or analysts?
A: The price reduction count offers insights into housing market dynamics and seller pricing strategies, which is useful for policymakers and real estate analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by real estate market analysis firms.
Q: How is this trend used in economic policy?
A: Policymakers and housing market analysts use this trend to assess the health and affordability of the South Dakota real estate sector.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be lags of several weeks between the reference period and the release date.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count in South Dakota (PRIREDCOUSD), retrieved from FRED.