Housing Inventory: Median Days on Market Year-Over-Year in Pennsylvania
MEDDAYONMARYYPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.44
Year-over-Year Change
-304.61%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic trend measures the year-over-year change in median days a home is on the market in Pennsylvania. It is a key indicator of housing market conditions and homebuyer demand in the state.
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 Housing Inventory: Median Days on Market Year-Over-Year in Pennsylvania trend tracks the typical time a home is listed for sale before being sold. This metric provides insights into the relative balance between housing supply and demand in the local market.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on listings and sales information.
Historical Context
Policymakers and real estate analysts closely monitor this trend to assess the health of the Pennsylvania housing market.
Key Facts
- The median days on market in Pennsylvania was 25 in January 2023.
- This represents a 10% decrease from the previous year.
- Housing demand remains strong despite rising mortgage rates.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in the median number of days a home is listed for sale before being sold in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: The median days on market is a key indicator of the balance between housing supply and demand in a given market. Tracking this trend provides insights into the relative health and activity of the Pennsylvania real estate sector.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects and calculates this data based on actual listings and sales information from the Pennsylvania housing market.
Q: How is this trend used in economic policy?
A: Policymakers and real estate analysts closely monitor this trend to assess the state of the Pennsylvania housing market and inform decisions related to housing and economic development policies.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve, but may be subject to revisions and can have a lag of several weeks or months.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market Year-Over-Year in Pennsylvania (MEDDAYONMARYYPA), retrieved from FRED.