Housing Inventory: Median Days on Market Month-Over-Month in Pennsylvania
MEDDAYONMARMMPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.62
Year-over-Year Change
20.86%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Median Days on Market Month-Over-Month in Pennsylvania' indicator tracks the change in the median number of days homes in Pennsylvania spend on the market between consecutive months. This metric provides insight into the pace of the state's 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 series measures the median number of days that homes in Pennsylvania remain on the market before being sold, and the month-over-month change in this figure. It offers economists and policymakers a gauge of housing supply and demand dynamics in the state.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of real estate brokers and multiple listing services.
Historical Context
Trends in days on market are closely watched by housing analysts and policymakers to assess the health of the residential real estate sector.
Key Facts
- The median days on market in Pennsylvania was 30 days in January 2023.
- Days on market declined by 5% month-over-month in January 2023.
- Pennsylvania's median days on market is below the national average.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the median number of days homes in Pennsylvania spend on the market before being sold, and the month-over-month change in this figure.
Q: Why is this trend relevant for users or analysts?
A: The pace of home sales, as measured by days on market, provides insight into the balance of housing supply and demand in Pennsylvania, which is a key indicator of the state's real estate market health.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects this data through surveys of real estate brokers and multiple listing services.
Q: How is this trend used in economic policy?
A: Trends in days on market are closely monitored by housing analysts and policymakers to assess the strength of the residential real estate sector and inform policy decisions.
Q: Are there update delays or limitations?
A: This data is published monthly with a short lag, providing timely information on the state's housing market.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market Month-Over-Month in Pennsylvania (MEDDAYONMARMMPA), retrieved from FRED.