Housing Inventory: Median Days on Market in North Carolina
MEDDAYONMARNC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.00
Year-over-Year Change
18.00%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Median Days on Market in North Carolina' trend measures the typical number of days a home is listed for sale before being sold in the North Carolina housing market. This metric provides insight into the state's real estate activity and demand.
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 residential property remains on the market before a sale is completed in North Carolina. It serves as an indicator of housing market conditions, with lower days-on-market suggesting stronger demand and quicker turnover of inventory.
Methodology
The data is collected by tracking listed and sold properties across North Carolina real estate markets.
Historical Context
Policymakers and analysts use this metric to gauge the health and momentum of the state's housing sector.
Key Facts
- Median days on market in North Carolina peaked at 130 days in 2009.
- The statewide median fell to a low of 44 days in 2017.
- Typical home listings spent 56 days on the market in North Carolina as of the latest data.
FAQs
Q: What does this economic trend measure?
A: The 'Housing Inventory: Median Days on Market in North Carolina' metric tracks the typical number of days a home is listed for sale before being sold in the state's housing market.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into housing market conditions and demand in North Carolina, which is valuable information for real estate professionals, policymakers, and economists.
Q: How is this data collected or calculated?
A: The data is collected by tracking listed and sold properties across North Carolina real estate markets.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the health and momentum of the state's housing sector, which informs decisions around housing and economic policy.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically a few months after the reference period, and 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 North Carolina (MEDDAYONMARNC), retrieved from FRED.