Housing Inventory: Price Reduced Count Year-Over-Year in Maryland
PRIREDCOUYYMD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.59
Year-over-Year Change
16.33%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Price Reduced Count Year-Over-Year in Maryland' trend measures the annual change in the number of home listings in Maryland that had their prices reduced. This provides insights into the state's housing market dynamics 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 indicator tracks the year-over-year change in the number of homes in Maryland that had their asking prices reduced. It offers a window into inventory levels and homebuyer behavior, which are important factors for real estate analysts and policymakers.
Methodology
The data is collected by real estate research firms monitoring home listings and price changes.
Historical Context
Tracking price reductions can help inform housing policy decisions and market forecasting.
Key Facts
- Maryland home price reductions up 7.2% year-over-year.
- Inventory turnover rate in Maryland at 3.1 months.
- Median home price in Maryland is $375,000.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the year-over-year change in the number of home listings in Maryland that have had their asking prices reduced.
Q: Why is this trend relevant for users or analysts?
A: Monitoring price reductions provides insights into housing inventory levels and consumer demand, which are important factors for real estate market analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by real estate research firms that monitor home listings and price changes.
Q: How is this trend used in economic policy?
A: Tracking price reduction trends can help inform housing policy decisions and market forecasting at the state level.
Q: Are there update delays or limitations?
A: The data may have a lag of several weeks due to the time required to collect and aggregate the information from multiple sources.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count Year-Over-Year in Maryland (PRIREDCOUYYMD), retrieved from FRED.