Housing Inventory: Median Days on Market in Maine
MEDDAYONMARME • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.00
Year-over-Year Change
12.77%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Median Days on Market in Maine' trend measures the average number of days residential properties are listed for sale in the state of Maine before being sold. This data provides insight into the supply and demand dynamics of the Maine 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 indicator tracks the median number of days a home listing is on the market before a sale, which is a key metric for assessing the balance between housing inventory and buyer demand in a specific geographic area. Economists and policymakers use this data to evaluate the health and direction of the Maine real estate market.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of real estate brokers and agents.
Historical Context
Tracking the median days on market helps inform housing and economic policy decisions at the state and local level.
Key Facts
- The current median days on market in Maine is X days.
- Maine's median days on market is Y% lower/higher than the national average.
- Homes in Maine spent an average of Z fewer/more days on the market compared to the previous year.
FAQs
Q: What does this economic trend measure?
A: The 'Housing Inventory: Median Days on Market in Maine' metric tracks the average number of days residential properties are listed for sale in the state of Maine before being sold.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the supply and demand dynamics of the Maine housing market, which is useful for economists, policymakers, and real estate professionals evaluating the health and direction of the local real estate sector.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects this data through surveys of real estate brokers and agents operating in Maine.
Q: How is this trend used in economic policy?
A: Tracking the median days on market in Maine helps inform housing and economic policy decisions at the state and local level, as it reflects the overall balance between inventory and buyer demand in the real estate market.
Q: Are there update delays or limitations?
A: There may be lags of several weeks or months in the reporting of this data, and the survey methodology may not capture all real estate transactions in the state.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market in Maine (MEDDAYONMARME), retrieved from FRED.