Housing Inventory: Price Reduced Count Year-Over-Year in North Carolina
PRIREDCOUYYNC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.22
Year-over-Year Change
-56.16%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Price Reduced Count Year-Over-Year in North Carolina' metric tracks the year-over-year change in the number of home listings in North Carolina that have experienced a price reduction. This trend offers insights into the state's residential real estate market dynamics.
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 provides a signal of housing inventory and demand conditions in North Carolina. Real estate agents and analysts monitor price reduced counts to gauge market shifts, as increasing reductions can suggest slowing buyer activity or overpriced listings.
Methodology
The data is collected by real estate research firms through listing aggregation and analysis.
Historical Context
Policymakers and economists follow this metric to assess North Carolina's housing market health and consumer confidence.
Key Facts
- North Carolina saw a 10% year-over-year increase in price reduced listings in Q3 2022.
- Rising price reductions can signal a shift towards a buyer's market.
- This metric provides a timely gauge of housing supply and demand dynamics.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the year-over-year change in the number of home listings in North Carolina that have experienced a price reduction.
Q: Why is this trend relevant for users or analysts?
A: Real estate agents and analysts monitor price reduced counts to gauge housing market shifts, as increasing reductions can suggest slowing buyer activity or overpriced listings.
Q: How is this data collected or calculated?
A: The data is collected by real estate research firms through listing aggregation and analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists follow this metric to assess North Carolina's housing market health and consumer confidence.
Q: Are there update delays or limitations?
A: There may be lags in data reporting due to the time required for listing aggregation and analysis.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count Year-Over-Year in North Carolina (PRIREDCOUYYNC), retrieved from FRED.