Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Rhode Island
MEDLISPRIPERSQUFEEMMRI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.73
Year-over-Year Change
1037.50%
Date Range
7/1/2017 - 8/1/2025
Summary
This economic trend tracks the month-over-month change in the median listing price per square foot for homes in Rhode Island. It provides insights into the state's housing market dynamics and price pressures.
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 median listing price per square foot is a key indicator of home price trends. Analyzing its month-over-month changes can help economists and policymakers understand shifts in housing affordability and market conditions within Rhode Island.
Methodology
The data is collected and calculated by the U.S. Federal Reserve from real estate listings.
Historical Context
This metric is closely watched by housing market analysts, real estate investors, and policymakers focused on residential trends.
Key Facts
- Rhode Island's median listing price per square foot was $302 in January 2023.
- This represented a 0.7% increase from the previous month.
- Inventory of homes for sale in Rhode Island remains historically low.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the month-over-month change in the median listing price per square foot for homes in the state of Rhode Island.
Q: Why is this trend relevant for users or analysts?
A: Analyzing changes in the median listing price per square foot provides insights into housing affordability and market conditions within Rhode Island.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve from real estate listings.
Q: How is this trend used in economic policy?
A: This metric is closely watched by housing market analysts, real estate investors, and policymakers focused on residential trends in Rhode Island.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be some delays in reporting due to the time required to collect and process the information from real estate listings.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Rhode Island (MEDLISPRIPERSQUFEEMMRI), retrieved from FRED.