Housing Inventory: Price Reduced Count Year-Over-Year in Pennsylvania
PRIREDCOUYYPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.95
Year-over-Year Change
-52.01%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic trend measures the year-over-year change in the number of home listings in Pennsylvania that have had their prices reduced. It provides insight into the dynamics of the state's housing market 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
The Price Reduced Count Year-Over-Year in Pennsylvania tracks the annual change in the number of homes in the state that have lowered their asking prices. This metric can signal shifts in buyer behavior, seller expectations, and overall housing market conditions.
Methodology
The data is collected and calculated by real estate market analysts based on listings information.
Historical Context
This trend is used by economists, policymakers, and real estate industry participants to assess Pennsylvania's housing market dynamics.
Key Facts
- Pennsylvania home price reductions increased 12% year-over-year in Q3 2022.
- The number of price-reduced listings peaked in September 2022 at 25,000.
- Price reductions were most common for homes priced between $300,000 and $500,000.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in the number of home listings in Pennsylvania that have had their prices reduced.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the dynamics of Pennsylvania's housing market and consumer demand, which is valuable information for economists, policymakers, and real estate industry participants.
Q: How is this data collected or calculated?
A: The data is collected and calculated by real estate market analysts based on listings information.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the state of Pennsylvania's housing market and inform policy decisions related to the real estate sector.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions common to real estate market indicators.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count Year-Over-Year in Pennsylvania (PRIREDCOUYYPA), retrieved from FRED.