Housing Inventory: Median Days on Market Month-Over-Month in Virginia
MEDDAYONMARMMVA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.69
Year-over-Year Change
332.96%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Median Days on Market Month-Over-Month in Virginia' trend measures the change in the median number of days a home remains on the market in Virginia. This metric provides insight into the balance between housing supply and demand within 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 data series tracks the median number of days a home remains listed for sale in Virginia on a month-over-month basis. It serves as an indicator of housing market conditions, with higher median days on market suggesting a more buyer-friendly environment.
Methodology
The data is collected and reported by real estate industry sources.
Historical Context
Policymakers and market analysts use this trend to assess the health and dynamics of the Virginia housing market.
Key Facts
- The median days on market in Virginia peaked at 59 days in January 2023.
- In February 2023, the median days on market decreased by 7.5% month-over-month.
- Virginia's housing market has seen increased inventory and slower sales compared to the previous year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the change in the median number of days a home remains listed for sale in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: The median days on market is an important indicator of housing market conditions, as it provides insight into the balance between housing supply and demand.
Q: How is this data collected or calculated?
A: The data is collected and reported by real estate industry sources.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess the health and dynamics of the Virginia housing market.
Q: Are there update delays or limitations?
A: The data is subject to the timely reporting of real estate industry sources, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market Month-Over-Month in Virginia (MEDDAYONMARMMVA), retrieved from FRED.