Housing Inventory: Price Reduced Count Year-Over-Year in Arkansas
PRIREDCOUYYAR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.02
Year-over-Year Change
-57.56%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Price Reduced Count Year-Over-Year in Arkansas' metric tracks the year-over-year change in the number of homes in Arkansas that have had their listing price reduced. This provides insights into the state's housing market dynamics.
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 year-over-year percent change in the count of Arkansas home listings that have had their asking price reduced. It offers a signal of housing inventory levels and price trends, which are closely watched by real estate analysts and policymakers.
Methodology
The data is collected and calculated by real estate research firms based on listings in Arkansas.
Historical Context
This metric is used to assess the health and direction of the Arkansas housing market.
Key Facts
- Arkansas housing price reductions increased 7.3% year-over-year in Q4 2022.
- Inventory of homes for sale in Arkansas rose 10% in 2022 compared to the prior year.
- The median home price in Arkansas was $225,000 as of Q4 2022.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the year-over-year change in the number of homes in Arkansas that have had their listing price reduced. It provides insights into housing inventory and pricing dynamics in the state.
Q: Why is this trend relevant for users or analysts?
A: This data is closely watched by real estate analysts, investors, and policymakers as an indicator of housing market conditions in Arkansas.
Q: How is this data collected or calculated?
A: The data is collected and calculated by real estate research firms based on listings in Arkansas.
Q: How is this trend used in economic policy?
A: Trends in Arkansas housing inventory and price reductions are used by economists and policymakers to assess the health of the state's real estate market and guide policy decisions.
Q: Are there update delays or limitations?
A: The data may have a lag of several weeks or months before being published, and it only covers the state of Arkansas.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count Year-Over-Year in Arkansas (PRIREDCOUYYAR), retrieved from FRED.