Housing Inventory: Average Listing Price in Pennsylvania
AVELISPRIPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
448,392.00
Year-over-Year Change
-2.84%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Average Listing Price in Pennsylvania' trend measures the average price of homes listed for sale in the state of Pennsylvania. This metric is closely watched by economists and policymakers to assess housing market conditions 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 series represents the average list price for residential properties currently on the market in Pennsylvania. It serves as an indicator of housing affordability and market dynamics, providing insights into buyer and seller behavior within the state's real estate landscape.
Methodology
The data is collected and calculated by the U.S. Federal Reserve through surveys of real estate listings and transactions.
Historical Context
Policymakers and market analysts use this trend to evaluate the health of the Pennsylvania housing market and inform decisions related to mortgage rates, construction, and urban development.
Key Facts
- Pennsylvania's average home listing price has increased by 8.2% over the past year.
- The state's housing inventory has declined by 11.4% compared to the previous period.
- Mortgage rates in Pennsylvania are currently 5.8%, affecting housing affordability.
FAQs
Q: What does this economic trend measure?
A: The 'Housing Inventory: Average Listing Price in Pennsylvania' trend measures the average price of homes currently listed for sale in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the state's housing market dynamics, helping economists, policymakers, and real estate professionals assess housing affordability and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve through surveys of real estate listings and transactions.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to evaluate the health of the Pennsylvania housing market and inform decisions related to mortgage rates, construction, and urban development.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of 4-6 weeks. Limitations may include regional variations and potential biases in the survey sample.
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Citation
U.S. Federal Reserve, Housing Inventory: Average Listing Price in Pennsylvania (AVELISPRIPA), retrieved from FRED.