Housing Inventory: Median Days on Market Month-Over-Month in Arizona
MEDDAYONMARMMAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.66
Year-over-Year Change
-173.89%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Median Days on Market Month-Over-Month in Arizona' trend measures the change in the median number of days a home stays on the market in Arizona from one month to the next. This metric provides insights into housing market dynamics and demand 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 series tracks the median number of days a home is listed for sale on the market in Arizona before it is sold. It is an important indicator of housing market conditions, as faster or slower selling times can signal changes in buyer demand, home prices, and inventory levels.
Methodology
The data is collected from real estate listings and transaction records in Arizona.
Historical Context
Policymakers and real estate analysts use this metric to understand housing market trends and inform policy decisions.
Key Facts
- Arizona homes spent a median of 60 days on the market in 2022.
- Median days on market increased by 5% month-over-month in Arizona.
- Housing inventory levels in Arizona remain below historical averages.
FAQs
Q: What does this economic trend measure?
A: This trend measures the median number of days a home is listed for sale on the market in Arizona before it is sold.
Q: Why is this trend relevant for users or analysts?
A: Tracking the median days on market provides insights into housing demand, inventory levels, and broader market conditions in Arizona.
Q: How is this data collected or calculated?
A: The data is collected from real estate listings and transaction records in Arizona.
Q: How is this trend used in economic policy?
A: Policymakers and real estate analysts use this metric to understand housing market trends and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported monthly, but may have some delay in reporting due to the nature of real estate transactions.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market Month-Over-Month in Arizona (MEDDAYONMARMMAZ), retrieved from FRED.