Housing Inventory: Price Reduced Count Year-Over-Year in Connecticut
PRIREDCOUYYCT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.78
Year-over-Year Change
-51.13%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Price Reduced Count Year-Over-Year in Connecticut' trend measures the annual change in the number of residential properties in Connecticut that have had their listing prices reduced. This metric provides insight into housing market conditions and consumer demand.
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 year-over-year percent change in the count of price-reduced listings for homes in the state of Connecticut. It offers an indicator of supply-and-demand dynamics and seller behavior in the local housing market.
Methodology
The data is collected and calculated by real estate industry analysts.
Historical Context
Policymakers and market participants use this trend to assess the health and direction of the Connecticut housing market.
Key Facts
- The series began in January 2018.
- Data is reported on a monthly basis.
- Connecticut is a major U.S. housing market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percent change in the number of residential properties in Connecticut that have had their listing prices reduced.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into housing market conditions and consumer demand, which is important for real estate investors, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by real estate industry analysts.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to assess the health and direction of the Connecticut housing market, which can inform decisions related to housing and economic development.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, so there may be a short delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count Year-Over-Year in Connecticut (PRIREDCOUYYCT), retrieved from FRED.