Housing Inventory: Median Home Size in Square Feet in Ohio
MEDSQUFEEOH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,770.00
Year-over-Year Change
-0.39%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Median Home Size in Square Feet in Ohio' trend measures the median size of homes sold in the state of Ohio. This key metric provides insights into consumer preferences and construction trends within the local 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 square footage of newly constructed and existing homes sold in the state of Ohio. It is used by real estate analysts, policymakers, and home builders to understand evolving consumer demand and make informed decisions about housing supply and development.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of home sales.
Historical Context
This metric is closely watched by economists and policymakers to assess the health and direction of the Ohio housing market.
Key Facts
- The median home size in Ohio was 1,900 square feet in 2022.
- Ohio home sizes have increased by 10% over the past decade.
- Larger homes are more common in suburban and exurban areas of the state.
FAQs
Q: What does this economic trend measure?
A: The 'Housing Inventory: Median Home Size in Square Feet in Ohio' trend tracks the average size of newly constructed and existing homes sold in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into consumer preferences and construction trends within the Ohio housing market, which is valuable information for real estate professionals, home builders, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of home sales across the state of Ohio.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this indicator to assess the health and direction of the Ohio housing market, which has important implications for the broader state economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a slight delay, and may not capture all home sales in the state due to survey limitations.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Home Size in Square Feet in Ohio (MEDSQUFEEOH), retrieved from FRED.