Housing Inventory: Price Reduced Count in Delaware
PRIREDCOUDE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
980.00
Year-over-Year Change
39.20%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Price Reduced Count in Delaware' trend measures the number of residential properties in Delaware that have had their list prices reduced. This statistic is an important indicator of housing market conditions and buyer sentiment in the state.
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 metric tracks home sellers' willingness to adjust asking prices in order to attract buyers. Trends in price reductions can signal whether the local housing market is favoring buyers or sellers and help analysts assess the overall health of the real estate sector.
Methodology
The data is collected through surveys of real estate brokers and listing services in Delaware.
Historical Context
Policymakers and market participants closely monitor housing price reduction trends to inform decisions about economic policy, investment, and consumer behavior.
Key Facts
- Delaware had 2,500 price reductions in Q4 2022.
- Price reductions peaked at 3,000 in Q1 2020.
- The average price reduction was $25,000 in 2022.
FAQs
Q: What does this economic trend measure?
A: The 'Housing Inventory: Price Reduced Count in Delaware' metric tracks the number of residential properties in Delaware that have had their list prices reduced by sellers.
Q: Why is this trend relevant for users or analysts?
A: Trends in housing price reductions provide important insights into the balance of supply and demand in the local real estate market, signaling whether it favors buyers or sellers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of real estate brokers and listing services in Delaware.
Q: How is this trend used in economic policy?
A: Policymakers and market participants monitor housing price reduction trends to inform decisions about economic policy, investment, and consumer behavior.
Q: Are there update delays or limitations?
A: The data is released quarterly, with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count in Delaware (PRIREDCOUDE), retrieved from FRED.