Housing Inventory: Median Days on Market Month-Over-Month in South Dakota
MEDDAYONMARMMSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.87
Year-over-Year Change
138.90%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Median Days on Market Month-Over-Month in South Dakota' trend measures the change in the typical time a home is listed for sale in South Dakota. This indicator provides insights into the state's real estate market dynamics.
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 remains on the market in South Dakota on a month-over-month basis. It offers a gauge of housing supply and demand, which is valuable for real estate professionals, policymakers, and investors analyzing regional market conditions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on listings and sales information.
Historical Context
This trend is used to assess the health and competitiveness of South Dakota's housing market.
Key Facts
- Median days on market in South Dakota averaged 36 in 2022.
- Home sales in South Dakota increased by 4% year-over-year in Q4 2022.
- The state's housing inventory fell by 7% in the last 12 months.
FAQs
Q: What does this economic trend measure?
A: This trend measures the median number of days a home remains listed for sale in South Dakota on a month-over-month basis.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the supply and demand dynamics of South Dakota's real estate market, which is valuable for real estate professionals, policymakers, and investors.
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.
Q: How is this trend used in economic policy?
A: This trend is used to assess the health and competitiveness of South Dakota's housing market, which can inform policy decisions related to housing and urban development.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be some delays in reporting due to the nature of real estate transactions.
Related Trends
Total Carbon Dioxide Emissions From All Sectors, All Fuels for South Dakota
EMISSCO2TOTVTTTOSDA
Chain-Type Quantity Index for Real GDP: Food Services and Drinking Places (722) in South Dakota
SDFOODDPQGSP
Per Capita Personal Consumption Expenditures: Total for South Dakota
SDPCEPC
Housing Inventory: Median Home Size in Square Feet Year-Over-Year in South Dakota
MEDSQUFEEYYSD
State Government Tax Collections, Public Utilities Licenses in South Dakota
SDUTILLICTAX
Gross Domestic Product: Professional, Scientific, and Technical Services (54) in South Dakota
SDPROBUSNQGSP
Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market Month-Over-Month in South Dakota (MEDDAYONMARMMSD), retrieved from FRED.