Housing Inventory: Median Days on Market in Massachusetts
MEDDAYONMARMA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.00
Year-over-Year Change
13.16%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Median Days on Market in Massachusetts' series tracks the median number of days that homes for sale in Massachusetts remain on the market before being sold. This metric provides insight into the supply and demand dynamics of the state's 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 series represents the median number of days that residential properties in Massachusetts are listed for sale before being purchased. It is a key indicator of housing market conditions, as a lower number of days on market typically signals strong demand and limited inventory, while a higher number indicates a buyer's market with ample supply.
Methodology
The data is collected and reported by the Federal Reserve Bank of St. Louis from sources including real estate listing services and regional housing associations.
Historical Context
Policymakers and market analysts closely monitor this metric to assess the health of the Massachusetts housing market and make informed decisions.
Key Facts
- The median days on market in Massachusetts reached a high of 101 days in January 2023.
- A lower number of days on market typically indicates a seller's market with limited inventory.
- Housing inventory and days on market are closely watched by policymakers and real estate analysts.
FAQs
Q: What does this economic trend measure?
A: The 'Housing Inventory: Median Days on Market in Massachusetts' series tracks the median number of days that homes for sale in the state remain on the market before being sold.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the supply and demand dynamics of the Massachusetts housing market, which is crucial information for policymakers, real estate professionals, and consumers.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Reserve Bank of St. Louis from sources including real estate listing services and regional housing associations.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this metric to assess the health of the Massachusetts housing market and make informed decisions regarding housing policies and interventions.
Q: Are there update delays or limitations?
A: The data is reported with a short delay, and it may not capture all residential property listings in the state.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market in Massachusetts (MEDDAYONMARMA), retrieved from FRED.