Housing Inventory: Median Days on Market Month-Over-Month in Delaware
MEDDAYONMARMMDE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.00
Year-over-Year Change
7.36%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Median Days on Market Month-Over-Month in Delaware' metric tracks the change in the median number of days a home is listed for sale on the market in Delaware from one month to the next. This provides insights into the pace of the state's residential real estate 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 measures the typical time a home spends listed for sale in Delaware, offering a gauge of supply and demand dynamics in the state's housing market. Economists and policymakers monitor this data to understand current conditions and forecast future trends in the Delaware real estate sector.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on listings and sales information from real estate sources.
Historical Context
Trends in median days on market are used by analysts to assess the health and momentum of Delaware's housing market and broader economy.
Key Facts
- Delaware's median days on market was 33 in December 2022.
- This represents a 10% decrease from the prior month.
- Faster home sales indicate a tightening housing market in the state.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the change in the median number of days a home is listed for sale on the market in Delaware from one month to the next.
Q: Why is this trend relevant for users or analysts?
A: Trends in median days on market provide insights into the pace and dynamics of Delaware's residential real estate market, which is a key indicator of the state's broader economic health.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on listings and sales information from real estate sources.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this data to assess the current conditions and forecast future trends in Delaware's housing market, which informs economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is reported monthly, but may have a short lag time in publication.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market Month-Over-Month in Delaware (MEDDAYONMARMMDE), retrieved from FRED.