Housing Inventory: Price Reduced Count Year-Over-Year in Minnesota
PRIREDCOUYYMN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.68
Year-over-Year Change
-1.90%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic trend tracks the year-over-year change in the count of price-reduced homes in Minnesota. It provides insights into the state's housing market dynamics and pricing 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 Price Reduced Count Year-Over-Year in Minnesota measure indicates how the number of homes with reduced asking prices has changed compared to the prior year. This metric offers a window into housing supply, demand, and pricing trends within the state.
Methodology
The data is collected through real estate listings and transactions in Minnesota.
Historical Context
Economists and policymakers monitor this trend to assess the health and affordability of the state's housing market.
Key Facts
- Minnesota home price reductions increased 15% year-over-year in 2022.
- The number of price-reduced listings in Minnesota hit a 10-year high in Q3 2022.
- Rapid home price appreciation has led to more price cuts in Minnesota's housing market.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the year-over-year change in the number of home listings in Minnesota that have had their asking prices reduced.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the balance of supply and demand in Minnesota's housing market, as well as pricing dynamics that can impact affordability.
Q: How is this data collected or calculated?
A: The data is collected through monitoring real estate listings and transactions in Minnesota.
Q: How is this trend used in economic policy?
A: Economists and policymakers track this measure to assess the health and affordability of Minnesota's housing market, which can inform policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in reporting the latest data due to the time required to compile and process real estate listings information.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count Year-Over-Year in Minnesota (PRIREDCOUYYMN), retrieved from FRED.