Housing Inventory: Median Days on Market Year-Over-Year in Maryland
MEDDAYONMARYYMD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.63
Year-over-Year Change
-2.59%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Median Days on Market Year-Over-Year in Maryland' trend measures the change in the median number of days a home is on the market in Maryland compared to the previous year. This data provides insights into the supply and demand dynamics of the local housing 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 economic indicator tracks the median number of days a for-sale home remains on the market in Maryland before it is sold. It is an important metric for understanding the health and competitiveness of the state's residential real estate sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using survey responses from real estate agents and brokers.
Historical Context
The median days on market trend is closely monitored by economists, policymakers, and real estate investors to assess housing market conditions and the impact of economic factors.
Key Facts
- Median days on market in Maryland averaged 30 days in 2022.
- The trend declined by 10% year-over-year in 2022.
- Faster home sales suggest a competitive, seller-favorable housing market.
FAQs
Q: What does this economic trend measure?
A: The 'Housing Inventory: Median Days on Market Year-Over-Year in Maryland' trend measures the change in the median number of days a home remains listed for sale in Maryland compared to the previous year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the supply and demand dynamics of Maryland's housing market, which is crucial information for real estate investors, policymakers, and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using survey responses from real estate agents and brokers.
Q: How is this trend used in economic policy?
A: The median days on market trend is closely monitored by policymakers to assess the health of the housing market and the impact of economic factors, such as interest rates and employment, on residential real estate.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month, so there may be a delay in observing the most recent market conditions.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market Year-Over-Year in Maryland (MEDDAYONMARYYMD), retrieved from FRED.