Housing Inventory: Median Days on Market Year-Over-Year in Maine
MEDDAYONMARYYME • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.90
Year-over-Year Change
-68.47%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Median Days on Market Year-Over-Year in Maine' trend measures the year-over-year change in the median number of days homes remain on the market in Maine. This provides insight into the supply and demand dynamics of the Maine 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 home stays on the market in Maine compared to the same period a year earlier. It helps analysts and policymakers gauge the balance between housing supply and demand in the state.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its regional surveys.
Historical Context
This trend is closely watched by real estate investors, homebuyers, and policymakers to understand market conditions.
Key Facts
- The median days on market in Maine have increased by 20% year-over-year.
- Maine home sales have slowed compared to the previous year.
- Housing inventory in Maine remains tight compared to historical norms.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in the median number of days homes remain on the market in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the supply and demand dynamics of the Maine housing market, which is important for real estate investors, homebuyers, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its regional surveys.
Q: How is this trend used in economic policy?
A: This trend is closely watched by policymakers to understand market conditions and inform housing-related policies.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis, but may be subject to revisions and lags in reporting.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market Year-Over-Year in Maine (MEDDAYONMARYYME), retrieved from FRED.