Housing Inventory: Price Reduced Count in Arizona
PRIREDCOUAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,112.00
Year-over-Year Change
27.28%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Price Reduced Count in Arizona' series tracks the number of homes in Arizona that have had their list prices reduced. This metric provides insight into housing market conditions and buyer demand.
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 single-family homes and condos in Arizona that have had their asking prices reduced. It serves as an indicator of housing inventory levels and buyer sentiment, which are important factors for real estate analysts and policymakers.
Methodology
The data is collected and reported by real estate listings and market research firms.
Historical Context
Trends in price reduced counts are closely watched by housing economists and used to inform policy decisions.
Key Facts
- Arizona had over 10,000 price reduced homes in 2022.
- Price reduced counts tend to rise during housing market slowdowns.
- Reduced price listings indicate a shift toward a buyer's market.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of homes in Arizona that have had their list prices reduced, providing insight into housing market conditions and buyer demand.
Q: Why is this trend relevant for users or analysts?
A: Trends in price reduced counts are closely watched by housing economists and used to inform policy decisions, as they indicate shifts in market dynamics and buyer sentiment.
Q: How is this data collected or calculated?
A: The data is collected and reported by real estate listings and market research firms.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge housing market conditions and make informed decisions about housing-related policies and interventions.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis, but there may be some delays in publication and potential limitations in coverage or representativeness.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count in Arizona (PRIREDCOUAZ), retrieved from FRED.