Housing Inventory: Median Days on Market Year-Over-Year in West Virginia
MEDDAYONMARYYWV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.87
Year-over-Year Change
-126.71%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic indicator tracks the year-over-year change in the median number of days a home remains on the market in West Virginia. It provides insights into the relative balance between housing supply and 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 West Virginia is a key metric for understanding the pace of home sales and the level of housing market activity in the state. It reflects how quickly properties are being listed and sold compared to the previous year.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on information from real estate listings and sales.
Historical Context
This trend is closely monitored by policymakers, real estate industry analysts, and investors to gauge the health of the West Virginia housing market.
Key Facts
- The median days on market in West Virginia was 45 days in 2022.
- The year-over-year change in median days on market was -10% in 2022.
- West Virginia's housing market is considered moderately competitive.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year change in the median number of days a home remains on the market in West Virginia. It provides insights into the relative balance between housing supply and demand in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely monitored by policymakers, real estate industry analysts, and investors to gauge the health of the West Virginia housing market and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on information from real estate listings and sales.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers to assess the state of the West Virginia housing market and inform policies and regulations related to the real estate industry.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, but there may be occasional delays or limitations in data reporting.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market Year-Over-Year in West Virginia (MEDDAYONMARYYWV), retrieved from FRED.