Housing Inventory: Median Days on Market Month-Over-Month in South Carolina
MEDDAYONMARMMSC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.17
Year-over-Year Change
-10.40%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Median Days on Market Month-Over-Month in South Carolina' tracks the change in the median number of days homes remain on the market in the state on a month-to-month basis. This metric provides insight into the supply and demand dynamics of the South Carolina housing market.
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 data series represents the median number of days that homes for sale in South Carolina are listed on the market before they are sold. It serves as an indicator of housing market activity and inventory levels, which are key considerations for real estate investors, policymakers, and consumers.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on multiple listing service (MLS) records.
Historical Context
This trend is used by economists and policymakers to assess the health and stability of the South Carolina housing market.
Key Facts
- The median days on market can fluctuate significantly month-to-month.
- Lower days on market generally indicate a tighter, more competitive housing market.
- This data helps track the balance between housing supply and demand in South Carolina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the median number of days that homes for sale in South Carolina remain on the market before being sold. It provides insight into the balance of housing supply and demand in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the dynamics of the South Carolina housing market, which is a key indicator of broader economic conditions. It helps real estate professionals, investors, and policymakers assess market activity and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve based on multiple listing service (MLS) records for home sales in South Carolina.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to gauge the health and stability of the South Carolina housing market, which has broader implications for consumer spending, construction activity, and overall economic growth in the state.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be a 1-2 month delay in reporting due to the time required to collect and process the underlying MLS records.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market Month-Over-Month in South Carolina (MEDDAYONMARMMSC), retrieved from FRED.