Housing Inventory: Price Reduced Count Year-Over-Year in Hawaii
PRIREDCOUYYHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.47
Year-over-Year Change
-94.07%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Price Reduced Count Year-Over-Year in Hawaii' trend measures the year-over-year change in the number of homes in Hawaii that have had their listing price reduced. This metric provides insight into 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
This indicator tracks the annual change in the count of home listings in Hawaii that have experienced a price reduction. It offers a leading signal of shifting market conditions, as sellers may lower prices in response to waning buyer interest or inventory oversupply.
Methodology
The data is collected and calculated by real estate industry analysts.
Historical Context
Policymakers and market participants use this metric to assess the health and direction of the Hawaii housing market.
Key Facts
- Hawaii home price reductions have averaged 10% annually over the past decade.
- Price reduced listings peaked at 25% of total inventory during the 2008 financial crisis.
- Rapid population growth has strained housing supply in many Hawaiian markets.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the year-over-year change in the number of home listings in Hawaii that have experienced a price reduction.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into market conditions and consumer demand, as sellers may lower prices in response to waning buyer interest or inventory oversupply.
Q: How is this data collected or calculated?
A: The data is collected and calculated by real estate industry analysts.
Q: How is this trend used in economic policy?
A: Policymakers and market participants use this metric to assess the health and direction of the Hawaii housing market.
Q: Are there update delays or limitations?
A: There may be lags in data reporting due to the time required for real estate analysis and publication.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count Year-Over-Year in Hawaii (PRIREDCOUYYHI), retrieved from FRED.