Housing Inventory: Median Days on Market in Delaware
MEDDAYONMARDE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.00
Year-over-Year Change
9.62%
Date Range
7/1/2016 - 7/1/2025
Summary
This economic trend measures the median number of days a home is on the market before being sold in the state of Delaware. It provides insight into the pace of the state's housing market and demand for residential properties.
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 Days on Market in Delaware indicator tracks the typical time a home listing remains active before being purchased. This metric is used by economists and real estate analysts to gauge housing market conditions and consumer demand in the state.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of real estate brokers and home sales transactions.
Historical Context
This trend is relevant for assessing the health of Delaware's housing sector and informing policy decisions related to residential construction, mortgage rates, and consumer confidence.
Key Facts
- Delaware's median days on market was 47 in January 2023.
- The national median days on market was 51 in January 2023.
- Delaware's housing market has seen increasing demand in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the median number of days a home listing remains on the market before being sold in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the pace and health of Delaware's housing market, which is important for real estate professionals, investors, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of real estate brokers and home sales transactions by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: This trend is used to assess the overall state of the housing sector in Delaware, which can inform policy decisions related to residential construction, mortgage rates, and consumer confidence.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be a lag of several weeks between the reference period and the release of the latest figures.
Related Trends
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Gross Domestic Product: Mining, Quarrying, and Oil and Gas Extraction (21) in Delaware
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Housing Inventory: Pending Listing Count Year-Over-Year in Delaware
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Nondurable Manufacturing Earnings in Delaware
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Housing Inventory: Price Reduced Count Year-Over-Year in Delaware
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Regional Price Parities: Services: Housing: Metropolitan Portion for Delaware
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market in Delaware (MEDDAYONMARDE), retrieved from FRED.