Housing Inventory: Median Days on Market Month-Over-Month in Louisiana
MEDDAYONMARMMLA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.55
Year-over-Year Change
-23.16%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Median Days on Market Month-Over-Month in Louisiana' trend measures the median number of days a home spends on the market in Louisiana, providing insights into the state's housing market dynamics.
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 economic indicator tracks the median number of days a home for sale in Louisiana remains on the market before being sold. It is a key metric used by real estate professionals, policymakers, and economists to assess housing market activity and the balance between supply and demand.
Methodology
The data is collected and calculated by the U.S. Federal Reserve through surveys of real estate brokers and agents.
Historical Context
Analyzing this trend can help inform policy decisions and provide context for housing market and consumer behavior.
Key Facts
- Median days on market in Louisiana was 50 in January 2023.
- The trend reached a high of 90 days in April 2020 during the COVID-19 pandemic.
- Louisiana's housing market has seen increased activity in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the median number of days a home for sale in Louisiana remains on the market before being sold, providing insights into the state's housing market dynamics.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key metric used by real estate professionals, policymakers, and economists to assess housing market activity and the balance between supply and demand in Louisiana.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve through surveys of real estate brokers and agents.
Q: How is this trend used in economic policy?
A: Analyzing this trend can help inform policy decisions and provide context for housing market and consumer behavior in Louisiana.
Q: Are there update delays or limitations?
A: The data is reported monthly, but there may be some delays in publication due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market Month-Over-Month in Louisiana (MEDDAYONMARMMLA), retrieved from FRED.