Housing Inventory: Median Days on Market in Pennsylvania
MEDDAYONMARPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.00
Year-over-Year Change
4.44%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Median Days on Market in Pennsylvania' trend measures the typical number of days a home is listed for sale before it is sold in the state of Pennsylvania. This metric provides insight into the balance between housing supply and demand in 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
The median days on market statistic represents the midpoint duration that homes are listed before transactions occur. It is a key indicator of housing market tightness and can signal changes in buyer activity, seller pricing, and overall inventory levels across Pennsylvania.
Methodology
This data is collected and reported by real estate industry sources through surveys of listing and sales activity.
Historical Context
Policymakers and market analysts use this trend to gauge the health and direction of the Pennsylvania housing market.
Key Facts
- The median days on market in Pennsylvania has averaged 47 days over the past 10 years.
- Homes in Pennsylvania typically sell faster than the national median of 56 days on market.
- Shorter days on market indicate a tighter, more competitive housing market in the state.
FAQs
Q: What does this economic trend measure?
A: The 'Housing Inventory: Median Days on Market in Pennsylvania' trend measures the typical number of days a home is listed for sale before it is sold in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the balance between housing supply and demand in the local Pennsylvania real estate market, signaling changes in buyer activity, seller pricing, and overall inventory levels.
Q: How is this data collected or calculated?
A: This data is collected and reported by real estate industry sources through surveys of listing and sales activity.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to gauge the health and direction of the Pennsylvania housing market.
Q: Are there update delays or limitations?
A: There may be lags in reporting and potential variations in data collection methods across different real estate sources.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market in Pennsylvania (MEDDAYONMARPA), retrieved from FRED.