Housing Inventory: Median Listing Price Month-Over-Month in Rhode Island
MEDLISPRIMMRI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.08
Year-over-Year Change
-96.44%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic trend measures the month-over-month change in the median listing price for homes in Rhode Island. It provides insights into the state's housing market and is a key indicator used by economists and policymakers.
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: Median Listing Price Month-Over-Month in Rhode Island tracks the monthly percentage change in the median price of homes listed for sale in the state. This metric offers valuable data on the strength and direction of the local real estate market, which is an important factor in assessing economic conditions and consumer confidence.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on listings in the Rhode Island housing market.
Historical Context
Policymakers and market analysts closely monitor this trend to understand consumer demand and guide decisions related to the housing sector.
Key Facts
- Rhode Island's median listing price rose 2.5% month-over-month in June 2022.
- The median listing price in Rhode Island reached a record high of $450,000 in July 2022.
- Inventory of homes for sale in Rhode Island decreased by 10% year-over-year in the second quarter of 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month percentage change in the median listing price for homes in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the strength and direction of the Rhode Island housing market, which is a key indicator of economic conditions and consumer confidence in the state.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on listings in the Rhode Island housing market.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to understand consumer demand and guide decisions related to the housing sector in Rhode Island.
Q: Are there update delays or limitations?
A: The data is released monthly with a short delay, and may be subject to revisions based on changes in the underlying housing market.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Listing Price Month-Over-Month in Rhode Island (MEDLISPRIMMRI), retrieved from FRED.