Housing Inventory: Median Days on Market in Connecticut
MEDDAYONMARCT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.00
Year-over-Year Change
5.41%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Median Days on Market in Connecticut' trend measures the typical number of days a home is listed for sale before it is sold in the state of Connecticut. This indicator provides insights into the pace of the local real estate 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 metric represents the median number of days that homes are listed on the market before they are purchased in Connecticut. It is a closely watched statistic that reflects the balance between housing supply and demand in the state, with shorter days on market typically indicating a tighter, more competitive market.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on multiple listing service (MLS) records.
Historical Context
Economists and policymakers monitor this trend to gauge the health of the Connecticut housing market and make informed decisions.
Key Facts
- Connecticut's median days on market was 33 in January 2023.
- The national median days on market was 41 in January 2023.
- Days on market have decreased in Connecticut over the past year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the typical number of days a home is listed for sale before it is sold in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the balance between housing supply and demand in the Connecticut real estate market, which is useful for economists, policymakers, and real estate professionals.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on multiple listing service (MLS) records.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to gauge the health of the Connecticut housing market and make informed decisions about policies that may impact the real estate sector.
Q: Are there update delays or limitations?
A: The data is published monthly, and there may be some delays in reporting due to the time required to collect and process the MLS information.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market in Connecticut (MEDDAYONMARCT), retrieved from FRED.