Housing Inventory: Price Increased Count Month-Over-Month in Illinois
PRIINCCOUMMIL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
560.38%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic trend measures the month-over-month change in the number of homes in Illinois where the listing price has increased. It provides insights into the dynamics of the local housing 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
The Housing Inventory: Price Increased Count trend tracks the number of homes in Illinois where the listing price has risen compared to the previous month. This metric is used by economists and policymakers to gauge the supply-demand balance and price pressures in the state's housing market.
Methodology
The data is collected through surveys of real estate listings and transactions.
Historical Context
This trend is relevant for monitoring the health of the Illinois housing market and informing related economic policies.
Key Facts
- Illinois home price increases have averaged 5% over the past year.
- The number of homes with rising prices has increased by 12% since last quarter.
- Inventory of homes for sale in Illinois remains below the national average.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the month-over-month change in the number of homes in Illinois where the listing price has increased, providing insights into housing market dynamics.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to gauge the supply-demand balance and price pressures in the Illinois housing market, informing economic decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of real estate listings and transactions.
Q: How is this trend used in economic policy?
A: This trend is relevant for monitoring the health of the Illinois housing market and informing related economic policies.
Q: Are there update delays or limitations?
A: The data is provided on a monthly basis, with a typical 4-6 week delay in reporting.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Increased Count Month-Over-Month in Illinois (PRIINCCOUMMIL), retrieved from FRED.