Housing Inventory: Pending Listing Count Year-Over-Year in Arizona
PENLISCOUYYAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.12
Year-over-Year Change
-98.65%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Pending Listing Count Year-Over-Year in Arizona' trend measures the year-over-year change in the number of homes in Arizona that are under contract but have not yet closed. This metric provides insight into housing market activity and future home sales.
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 tracks the year-over-year percent change in pending home listings in Arizona, which indicates the level of buyer demand and housing supply in the state. Economists and policymakers monitor this data to assess the health of the local real estate market.
Methodology
The data is collected and calculated by the National Association of Realtors.
Historical Context
Pending home sales serve as a leading indicator for future existing home sales and can inform housing and economic policy decisions.
Key Facts
- Arizona pending home listings increased 10.2% year-over-year in 2022.
- Pending home sales lead actual home sales by 1-2 months.
- The pending home sales index is a key indicator of future housing market activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in the number of homes in Arizona that are under contract but have not yet closed.
Q: Why is this trend relevant for users or analysts?
A: Pending home sales serve as a leading indicator for future existing home sales and provide insight into housing market activity and buyer demand.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the National Association of Realtors.
Q: How is this trend used in economic policy?
A: Pending home sales data can inform housing and economic policy decisions by signaling future market trends and buyer activity.
Q: Are there update delays or limitations?
A: The pending home sales data is released monthly with a short lag, providing timely information on the housing market.
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Citation
U.S. Federal Reserve, Housing Inventory: Pending Listing Count Year-Over-Year in Arizona (PENLISCOUYYAZ), retrieved from FRED.