Housing Inventory: Pending Listing Count Month-Over-Month in Arizona
PENLISCOUMMAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-8.04
Year-over-Year Change
-14.56%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Pending Listing Count Month-Over-Month in Arizona' metric tracks the change in the number of homes under contract but not yet sold in Arizona, providing insights into the state's residential real estate market.
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 trend represents the month-over-month percent change in the number of homes in Arizona that are pending sale but have not yet closed. It is a leading indicator of housing market activity, as pending listings typically convert to closed sales within 1-2 months.
Methodology
The data is collected by monitoring listings and transaction records from multiple listing services and other real estate databases in Arizona.
Historical Context
Policymakers and market analysts use this metric to assess the health and direction of the Arizona housing market.
Key Facts
- Pending listings typically convert to closed sales within 1-2 months.
- The metric provides a forward-looking view of housing market activity.
- Month-over-month changes reflect shifts in buyer demand and seller confidence.
FAQs
Q: What does this economic trend measure?
A: The 'Housing Inventory: Pending Listing Count Month-Over-Month in Arizona' metric tracks the change in the number of homes under contract but not yet sold in Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric is a leading indicator of housing market activity, as pending listings typically convert to closed sales within 1-2 months, providing insights into the direction of the Arizona real estate market.
Q: How is this data collected or calculated?
A: The data is collected by monitoring listings and transaction records from multiple listing services and other real estate databases in Arizona.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to assess the health and direction of the Arizona housing market, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is updated monthly, but there may be some reporting delays from the various sources used to compile the metric.
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Citation
U.S. Federal Reserve, Housing Inventory: Pending Listing Count Month-Over-Month in Arizona (PENLISCOUMMAZ), retrieved from FRED.