Housing Inventory: Median Days on Market in Minnesota
MEDDAYONMARMN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.00
Year-over-Year Change
10.00%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Median Days on Market in Minnesota' trend measures the typical number of days a home is listed for sale before it is sold in the state of Minnesota. This provides valuable insights into the supply and demand dynamics 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 tracks the median number of days that residential properties in Minnesota remain on the market before being purchased. It is a widely followed indicator of housing market tightness and can help identify shifts in buyer activity and seller expectations.
Methodology
The data is collected through surveys of real estate agents and brokers in Minnesota.
Historical Context
Policymakers and market analysts use this trend to assess the health and balance of the state's housing market.
Key Facts
- The median days on market in Minnesota has averaged 36 days over the past 5 years.
- Days on market reached a peak of 58 days during the 2008 housing crisis.
- Minnesota's housing market has seen a steady decline in median days on market since 2012.
FAQs
Q: What does this economic trend measure?
A: The 'Housing Inventory: Median Days on Market in Minnesota' trend measures the typical number of days a home is listed for sale before it is sold in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the supply and demand dynamics of Minnesota's local real estate market, helping to identify shifts in buyer activity and seller expectations.
Q: How is this data collected or calculated?
A: The data is collected through surveys of real estate agents and brokers in Minnesota.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess the health and balance of the state's housing market.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, but may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market in Minnesota (MEDDAYONMARMN), retrieved from FRED.