Housing Inventory: Median Days on Market in Arizona
MEDDAYONMARAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.00
Year-over-Year Change
21.05%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Median Days on Market in Arizona' metric tracks the typical number of days a home is listed for sale in the Arizona housing market. This data provides insight into the supply-demand dynamics and competitiveness of the local real estate landscape.
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 represents the median number of days residential properties remain on the market before selling in the state of Arizona. It serves as a key indicator of housing inventory levels and the pace of home sales, which are closely watched by real estate analysts, investors, and policymakers.
Methodology
The data is collected and reported by the Federal Reserve based on listings and sales information from local real estate associations.
Historical Context
Trends in median days on market are used to assess housing market conditions and the relative tightness or looseness of supply, which informs economic and policy decisions.
Key Facts
- Median days on market in Arizona hit a low of 28 days in 2022.
- Declining days on market indicates a tightening housing supply.
- Inventory levels impact home prices, sales activity, and mortgage rates.
FAQs
Q: What does this economic trend measure?
A: The 'Housing Inventory: Median Days on Market in Arizona' metric tracks the typical number of days a home is listed for sale before it is sold in the Arizona housing market.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the supply-demand dynamics and competitiveness of the local real estate landscape, which is closely watched by real estate analysts, investors, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Reserve based on listings and sales information from local real estate associations.
Q: How is this trend used in economic policy?
A: Trends in median days on market are used to assess housing market conditions and the relative tightness or looseness of supply, which informs economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to typical reporting lags but provides a timely and transparent view of the Arizona housing market.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market in Arizona (MEDDAYONMARAZ), retrieved from FRED.