Housing Inventory: Price Reduced Count in Washington
PRIREDCOUWA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,096.00
Year-over-Year Change
26.07%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Price Reduced Count in Washington' series tracks the number of homes in Washington state that have had their list price reduced. This metric provides insight 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
This series measures the count of residential properties in Washington that have had their original list price lowered. It offers a signal of supply-demand imbalances and seller pricing behavior in the regional housing market.
Methodology
The data is collected from listing service records of homes for sale in Washington state.
Historical Context
Economists and real estate analysts monitor this trend to assess housing market conditions and price pressure.
Key Facts
- The series began in January 2012.
- Reduced listing counts signal increased buyer negotiating power.
- Washington has seen increased price reduction activity since 2020.
FAQs
Q: What does this economic trend measure?
A: This series tracks the count of residential properties in Washington state that have had their original list price lowered.
Q: Why is this trend relevant for users or analysts?
A: Monitoring price reduction activity provides insight into housing market dynamics and seller pricing behavior.
Q: How is this data collected or calculated?
A: The data is collected from listing service records of homes for sale in Washington state.
Q: How is this trend used in economic policy?
A: Economists and real estate analysts use this metric to assess housing market conditions and price pressure.
Q: Are there update delays or limitations?
A: The data is published with a short lag time and covers the Washington state housing market.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count in Washington (PRIREDCOUWA), retrieved from FRED.