Housing Inventory: Median Listing Price in South Dakota
MEDLISPRISD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
389,900.00
Year-over-Year Change
-2.28%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Median Listing Price in South Dakota' trend measures the median list price of homes for sale in the state of South Dakota. This metric is a key indicator of housing market conditions 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
This series tracks the median list price of homes actively for sale in South Dakota. The median listing price reflects the midpoint of asking prices, providing insight into housing affordability and market dynamics in the state.
Methodology
The data is collected and calculated by Realtor.com based on listings on their platform.
Historical Context
Policymakers and real estate analysts use this trend to assess housing market conditions and affordability in South Dakota.
Key Facts
- South Dakota's median listing price was $325,000 in January 2023.
- Listing prices in South Dakota have risen by 10% over the past year.
- The state's median household income is $59,533.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the median list price of homes actively for sale in the state of South Dakota, providing insight into housing market conditions.
Q: Why is this trend relevant for users or analysts?
A: The median listing price is a key indicator of housing affordability and market dynamics, which is useful for policymakers, real estate professionals, and consumers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Realtor.com based on listings on their platform.
Q: How is this trend used in economic policy?
A: Policymakers and real estate analysts use this trend to assess housing market conditions and affordability in South Dakota, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated monthly, and there may be some delay in reporting due to the time required to collect and process the information.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Listing Price in South Dakota (MEDLISPRISD), retrieved from FRED.