Housing Inventory: Price Reduced Count Month-Over-Month in Louisiana
PRIREDCOUMMLA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.16
Year-over-Year Change
28.89%
Date Range
7/1/2017 - 7/1/2025
Summary
This U.S. economic trend tracks the month-over-month change in the number of housing units in Louisiana that have reduced their asking price. It provides insights into the state's real estate market dynamics and consumer 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
The Housing Inventory: Price Reduced Count Month-Over-Month in Louisiana data series measures the change in the number of homes in Louisiana that have lowered their listing price compared to the previous month. This metric is used to analyze shifts in housing supply, seller confidence, and consumer purchasing power within the state.
Methodology
The data is collected by tracking listings on real estate platforms and calculating the net change in price-reduced homes between consecutive months.
Historical Context
This trend is closely monitored by real estate analysts, policymakers, and investors to understand market conditions and consumer behavior.
Key Facts
- Louisiana housing units with reduced asking prices increased by 5.2% in July 2022.
- The number of price-reduced homes in Louisiana hit a 2-year high in Q4 2021.
- Price reductions accounted for 12% of all home listings in Louisiana as of August 2022.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the month-over-month change in the number of housing units in Louisiana that have reduced their asking price.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the state's real estate market dynamics, including shifts in housing supply, seller confidence, and consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is collected by tracking listings on real estate platforms and calculating the net change in price-reduced homes between consecutive months.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by real estate analysts, policymakers, and investors to understand market conditions and consumer behavior.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with a slight delay in availability.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count Month-Over-Month in Louisiana (PRIREDCOUMMLA), retrieved from FRED.