Housing Inventory: Median Days on Market in Alabama
This dataset tracks housing inventory: median days on market in alabama over time.
Latest Value
66.00
Year-over-Year Change
13.79%
Date Range
7/1/2016 - 7/1/2025
Summary
The Housing Inventory: Median Days on Market in Alabama metric tracks the typical number of days a home is listed for sale in the state before it is sold.
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 data series provides insight into the level of supply and demand in Alabama's housing market. It's a key indicator used by real estate professionals, analysts, and policymakers to assess market conditions and forecast home price trends.
Methodology
The data is collected through surveys of real estate brokers and listings.
Historical Context
This metric helps evaluate the health of Alabama's housing sector and can inform economic and policy decisions.
Key Facts
- The median days on market in Alabama was 31 days as of the latest data.
- Days on market have decreased by 10% over the past year, indicating tightening housing supply.
- This metric helps gauge the balance between home buyer demand and available inventory in Alabama.
FAQs
Q: What does this economic trend measure?
A: The Housing Inventory: Median Days on Market in Alabama metric tracks the typical number of days a home is listed for sale in the state before it is sold.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the level of supply and demand in Alabama's housing market, which is a key indicator used by real estate professionals, analysts, and policymakers to assess market conditions and forecast home price trends.
Q: How is this data collected or calculated?
A: The data is collected through surveys of real estate brokers and listings.
Q: How is this trend used in economic policy?
A: This metric helps evaluate the health of Alabama's housing sector and can inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be some delay in reporting the latest figures.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market in Alabama (MEDDAYONMARAL), retrieved from FRED.