Housing Inventory: Median Days on Market Month-Over-Month in Rhode Island
MEDDAYONMARMMRI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.63
Year-over-Year Change
33.93%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Median Days on Market Month-Over-Month in Rhode Island' trend measures the change in the median number of days a home is on the market before sale in Rhode Island. This metric provides insights into the housing market's supply and demand dynamics in the state.
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 remains on the market before being sold in Rhode Island, reported on a month-over-month basis. It serves as an indicator of housing market tightness and can signal shifts in buyer demand or seller inventory.
Methodology
The data is collected through surveys of real estate agents and brokers in Rhode Island.
Historical Context
This trend is closely watched by economists, policymakers, and real estate industry participants to gauge housing market conditions and inform policy decisions.
Key Facts
- The median days on market in Rhode Island was 45 days as of the most recent report.
- A decrease in median days on market indicates a tighter housing market with higher demand.
- Rhode Island's housing market has seen significant volatility in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the median number of days a home is on the market before being sold in Rhode Island, reported on a month-over-month basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the housing market's supply and demand dynamics in Rhode Island, which is valuable information for economists, policymakers, and real estate industry participants.
Q: How is this data collected or calculated?
A: The data is collected through surveys of real estate agents and brokers in Rhode Island.
Q: How is this trend used in economic policy?
A: This trend is closely watched by policymakers to gauge housing market conditions and inform policy decisions that may impact the real estate industry or broader economy.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, and there may be some delays in reporting due to the survey-based data collection process.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market Month-Over-Month in Rhode Island (MEDDAYONMARMMRI), retrieved from FRED.