Housing Inventory: Average Listing Price Year-Over-Year in Rhode Island
AVELISPRIYYRI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.42
Year-over-Year Change
-184.00%
Date Range
7/1/2017 - 7/1/2025
Summary
The Housing Inventory: Average Listing Price Year-Over-Year in Rhode Island tracks the annual change in the average home listing price across the state. This metric provides insight into the state's real estate market dynamics and price 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
This economic indicator measures the year-over-year percentage change in the average listing price for homes in Rhode Island. It offers valuable information about price pressures and shifts in housing supply and demand within the state's real estate market.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using proprietary housing market databases.
Historical Context
Economists and policymakers monitor this trend to assess the health of the Rhode Island housing market and make informed decisions regarding housing policy and mortgage regulations.
Key Facts
- Rhode Island's average home listing price increased by 8.2% year-over-year in 2022.
- The state's housing inventory has declined by 15% over the past 12 months.
- Low mortgage rates have driven strong housing demand in Rhode Island.
FAQs
Q: What does this economic trend measure?
A: The Housing Inventory: Average Listing Price Year-Over-Year in Rhode Island measures the annual percentage change in the average home listing price across the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the state's real estate market dynamics, allowing economists and policymakers to assess price pressures and shifts in housing supply and demand.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using proprietary housing market databases.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the health of the Rhode Island housing market and make informed decisions regarding housing policy and mortgage regulations.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month delay in reporting.
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Citation
U.S. Federal Reserve, Housing Inventory: Average Listing Price Year-Over-Year in Rhode Island (AVELISPRIYYRI), retrieved from FRED.