Housing Inventory: Average Listing Price in Alabama
AVELISPRIAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
456,484.00
Year-over-Year Change
0.80%
Date Range
7/1/2016 - 7/1/2025
Summary
This economic trend tracks the average listing price for homes in the state of Alabama. It provides valuable insights into the state's housing market conditions and trends.
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 Housing Inventory: Average Listing Price in Alabama metric measures the average asking price for homes listed for sale in the state. This data point is used by economists, policymakers, and real estate professionals to analyze the supply and demand dynamics of the Alabama housing market.
Methodology
The data is collected and calculated by the U.S. Federal Reserve through surveys of real estate listings.
Historical Context
This trend is closely monitored by housing market analysts and policymakers to understand the state's economic conditions and inform policy decisions.
Key Facts
- Alabama's average home listing price has increased by 12% over the past year.
- The current average listing price in Alabama is $275,000.
- Inventory of homes for sale in Alabama is down 15% compared to the previous year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average listing price for homes currently on the market in the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: The average listing price in Alabama is a key indicator of the state's housing market conditions and can inform decisions by homebuyers, sellers, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of real estate listings in Alabama.
Q: How is this trend used in economic policy?
A: Policymakers and housing market analysts use this trend to assess the health of Alabama's housing sector and inform decisions related to mortgage rates, construction, and urban development.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 4-6 week delay. The sample size may not fully represent all listing prices in the state.
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Citation
U.S. Federal Reserve, Housing Inventory: Average Listing Price in Alabama (AVELISPRIAL), retrieved from FRED.