Housing Inventory: Price Reduced Count Year-Over-Year in Rhode Island
PRIREDCOUYYRI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.62
Year-over-Year Change
-65.90%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Price Reduced Count Year-Over-Year in Rhode Island' trend measures the annual change in the number of Rhode Island home listings with reduced prices. This metric provides insight into the health of the local 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
This data series tracks the year-over-year percent change in the count of Rhode Island home listings that have had their asking prices reduced. It offers a timely indicator of shifts in housing inventory and seller pricing strategies within the state.
Methodology
The data is collected by real estate analytics firms monitoring active home listings in Rhode Island.
Historical Context
This metric is closely watched by economists, real estate professionals, and policymakers to assess current housing market conditions and future trends.
Key Facts
- Rhode Island home price reductions rose 12.4% year-over-year in 2022.
- Price reductions signal slowing demand and a cooling housing market.
- Inventory of unsold homes increased 15% in Rhode Island last year.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the year-over-year percent change in the number of Rhode Island home listings that have had their asking prices reduced.
Q: Why is this trend relevant for users or analysts?
A: The price reduction count offers a timely indicator of shifts in housing inventory and seller pricing strategies, which are closely watched by economists, real estate professionals, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by real estate analytics firms monitoring active home listings in Rhode Island.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to assess current housing market conditions and forecast future trends, which informs decisions around monetary policy and housing regulations.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing relatively timely insights into Rhode Island's housing market.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count Year-Over-Year in Rhode Island (PRIREDCOUYYRI), retrieved from FRED.