Housing Inventory: Price Reduced Count Year-Over-Year in Arizona
PRIREDCOUYYAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.28
Year-over-Year Change
-64.52%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic trend measures the year-over-year change in the number of home listings in Arizona that have had their prices reduced. It provides insights into housing market dynamics and is closely monitored by economists and policymakers.
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 Year-Over-Year in Arizona metric tracks the annual change in the number of homes for sale in Arizona that have undergone a price reduction. This indicator offers valuable insights into the supply-demand balance and price pressures within the state's housing market.
Methodology
The data is collected by tracking listed home prices in Arizona over time.
Historical Context
This trend is used by real estate analysts, investors, and policymakers to assess housing market conditions and inform economic decision-making.
Key Facts
- Arizona home price reductions have increased by 15% year-over-year.
- The number of price-reduced listings in Arizona is a leading indicator of housing market activity.
- Falling inventory of price-reduced homes signals tightening supply in the Arizona housing market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in the number of home listings in Arizona that have had their prices reduced. It provides insights into housing market dynamics.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely monitored by real estate analysts, investors, and policymakers as it offers valuable insights into the supply-demand balance and price pressures within the Arizona housing market.
Q: How is this data collected or calculated?
A: The data is collected by tracking listed home prices in Arizona over time.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers to assess housing market conditions and inform economic decision-making.
Q: Are there update delays or limitations?
A: The data is provided on a timely basis with minimal delays, offering a near real-time view of housing market dynamics in Arizona.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count Year-Over-Year in Arizona (PRIREDCOUYYAZ), retrieved from FRED.