Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Connecticut
MEDLISPRIPERSQUFEEYYCT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.36
Year-over-Year Change
-115.52%
Date Range
7/1/2017 - 8/1/2025
Summary
This economic trend measures the year-over-year change in the median listing price per square foot of homes in Connecticut. It provides insights into the state's housing market dynamics and can inform policy decisions.
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 Listing Price per Square Feet Year-Over-Year in Connecticut metric tracks the annual percentage change in the typical price per square foot for homes listed for sale in the state. This indicator helps analyze trends in housing affordability and market conditions.
Methodology
The data is collected and calculated by real estate market analysis firms using listings from multiple sources.
Historical Context
This trend is closely monitored by policymakers, real estate investors, and housing market analysts to understand the evolving landscape of Connecticut's residential property sector.
Key Facts
- Connecticut's median listing price per square foot grew 10.2% year-over-year in 2022.
- Home prices in the state have risen steadily since the 2008 financial crisis.
- Inventory of homes for sale in Connecticut remains tight compared to historical norms.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in the median listing price per square foot of homes for sale in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the housing market dynamics in Connecticut, helping policymakers, real estate investors, and analysts understand trends in home affordability and market conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by real estate market analysis firms using listings from multiple sources.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers to inform decisions related to housing and real estate market regulation, as well as to assess the overall health of the state's economy.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay, and may not fully capture homes that are sold off-market or through private transactions.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Listing Price per Square Feet Year-Over-Year in Connecticut (MEDLISPRIPERSQUFEEYYCT), retrieved from FRED.