Housing Inventory: Median Days on Market Month-Over-Month in Montana
MEDDAYONMARMMMT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.38
Year-over-Year Change
12.55%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Median Days on Market Month-Over-Month in Montana' trend measures the change in the typical number of days a home is listed for sale in Montana on a month-over-month basis. This metric provides insight into the supply and demand dynamics of the Montana 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 tracks the median number of days a home is on the market in Montana before it is sold. Economists and policymakers use this data to assess the health and momentum of the state's housing sector, which has broad implications for consumer spending, construction activity, and overall economic growth.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of real estate brokers and listing services.
Historical Context
Trends in median days on market are closely watched by housing market analysts, builders, and policymakers to gauge the balance between housing supply and demand.
Key Facts
- Montana's median days on market was 45 days in January 2023.
- The median days on market decreased by 3 days from December 2022 to January 2023.
- Shorter days on market indicates tighter housing supply relative to demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the median number of days a home is listed for sale on the housing market in Montana before it is sold.
Q: Why is this trend relevant for users or analysts?
A: Trends in median days on market provide insight into the balance of housing supply and demand, which is a key indicator of the health and momentum of the Montana real estate market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of real estate brokers and listing services by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and housing market analysts monitor this metric to assess overall economic conditions and make informed decisions about housing, construction, and related policies.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, so there may be a 1-2 month lag in the most recent figures.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market Month-Over-Month in Montana (MEDDAYONMARMMMT), retrieved from FRED.