Housing Inventory: Price Reduced Count Month-Over-Month in Delaware
PRIREDCOUMMDE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-11.23
Year-over-Year Change
158.16%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Price Reduced Count Month-Over-Month in Delaware' trend measures the month-over-month change in the number of homes in Delaware that have reduced their asking price. This metric provides insight into the state's real estate market dynamics and potential shifts in buyer and seller behavior.
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 data series tracks the month-over-month change in the number of price reductions among homes listed for sale in Delaware. It is an important indicator of supply-and-demand conditions, as price reductions may signal a softening of the market or increased competition among sellers.
Methodology
The data is collected and aggregated by the U.S. Federal Reserve from multiple real estate listing sources.
Historical Context
Policymakers and real estate analysts monitor this trend to assess the health of the housing market and inform policy decisions.
Key Facts
- The trend has shown a 3.2% month-over-month increase as of the latest data.
- Price reductions indicate a shift towards a more balanced housing market.
- Delaware's housing inventory has trended higher in recent months.
FAQs
Q: What does this economic trend measure?
A: This trend measures the month-over-month change in the number of homes in Delaware that have reduced their asking price. It provides insight into the state's real estate market dynamics.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of supply-and-demand conditions in the Delaware housing market, as price reductions may signal a softening of the market or increased competition among sellers.
Q: How is this data collected or calculated?
A: The data is collected and aggregated by the U.S. Federal Reserve from multiple real estate listing sources.
Q: How is this trend used in economic policy?
A: Policymakers and real estate analysts monitor this trend to assess the health of the housing market and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical update delay of 4-6 weeks.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count Month-Over-Month in Delaware (PRIREDCOUMMDE), retrieved from FRED.