Housing Inventory: Price Reduced Count Year-Over-Year in Utah
PRIREDCOUYYUT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.30
Year-over-Year Change
96.21%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Price Reduced Count Year-Over-Year in Utah' trend measures the year-over-year change in the number of homes in Utah that have had their asking price reduced. This metric provides insight into housing market conditions and price dynamics in the state.
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 tracks the annual change in the number of price reductions among homes listed for sale in Utah. It serves as an indicator of housing supply, demand, and pricing pressure, which are key factors analyzed by real estate professionals, policymakers, and economic researchers.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on listings and sales information from the Utah housing market.
Historical Context
Policymakers and market analysts use this metric to assess the health and affordability of the Utah housing sector and inform policy decisions.
Key Facts
- The trend reached a peak year-over-year decline of 35.2% in 2020.
- In 2022, the year-over-year change in price reductions was -10.5%.
- Utah has experienced rapid home price appreciation in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in the number of homes in Utah that have had their asking price reduced. It provides insight into housing market conditions and pricing dynamics.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by real estate professionals, policymakers, and economic researchers to assess the health and affordability of the Utah housing sector and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on listings and sales information from the Utah housing market.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to assess the health and affordability of the Utah housing sector and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness of housing market reporting in Utah, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Housing Inventory: Price Reduced Count Year-Over-Year in Utah (PRIREDCOUYYUT), retrieved from FRED.