Housing Inventory: Price Reduced Count Year-Over-Year in Montana
PRIREDCOUYYMT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.14
Year-over-Year Change
-66.99%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Price Reduced Count Year-Over-Year in Montana' trend tracks the annual change in the number of residential properties in Montana that have had their list prices reduced. This metric provides insight into real estate market dynamics and consumer sentiment.
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 trend represents the year-over-year percent change in the count of Montana housing listings that have undergone price reductions. It offers a timely indicator of supply-demand imbalances and seller pricing behavior in the state's residential real estate market.
Methodology
The data is collected through analysis of online real estate listings and sales records.
Historical Context
Economists and policymakers monitor this trend to assess the health of Montana's housing market and consumer confidence.
Key Facts
- Montana home prices have risen over 30% in the last 2 years.
- The number of price reductions peaked in 2020 during the COVID-19 pandemic.
- Housing inventory levels in Montana remain well below the national average.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the year-over-year percent change in the number of residential properties in Montana that have had their list prices reduced.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into real estate market dynamics and consumer sentiment in Montana, which is valuable for economists, policymakers, and real estate professionals.
Q: How is this data collected or calculated?
A: The data is collected through analysis of online real estate listings and sales records.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the health of Montana's housing market and consumer confidence, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, but there may be some lag in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count Year-Over-Year in Montana (PRIREDCOUYYMT), retrieved from FRED.