Housing Inventory: Price Increased Count in Illinois
PRIINCCOUIL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
214.00
Year-over-Year Change
12.63%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Price Increased Count in Illinois' metric tracks the number of housing units in Illinois where the list price has increased compared to the prior period. This provides valuable insights into the state's residential real estate market dynamics.
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 measures the count of Illinois housing inventory where the asking price has risen, serving as an indicator of price appreciation pressures and evolving supply-demand conditions in the local market. It is used by economists, policymakers, and real estate analysts to monitor housing affordability and price trends.
Methodology
The data is collected through real estate listing and sales information aggregated at the state level.
Historical Context
Policymakers and market participants closely follow this metric to gauge housing market conditions and the potential need for policy interventions.
Key Facts
- The series covers housing inventory in Illinois.
- It measures the count of listings with increased asking prices.
- The data provides insights into price appreciation pressures.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of housing units in Illinois where the list price has increased compared to the prior period, providing insights into price appreciation pressures in the state's residential real estate market.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists, policymakers, and real estate analysts to monitor housing affordability and price dynamics in the Illinois market, which can inform policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected through real estate listing and sales information aggregated at the state level.
Q: How is this trend used in economic policy?
A: Policymakers closely follow this metric to gauge housing market conditions and the potential need for policy interventions to address issues related to housing affordability and price trends.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of real estate listing and sales information at the state level.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Increased Count in Illinois (PRIINCCOUIL), retrieved from FRED.