Housing Inventory: Median Days on Market Year-Over-Year in Alabama
MEDDAYONMARYYAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.91
Year-over-Year Change
-7.27%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic trend measures the year-over-year change in the median number of days that homes are on the market before being sold in Alabama. It provides insights into the housing market's supply and demand 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
The Housing Inventory: Median Days on Market Year-Over-Year in Alabama metric tracks the median number of days a home is listed for sale in Alabama compared to the same period a year earlier. This indicator offers insights into the balance between housing supply and buyer demand in the state.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on listings and sales information.
Historical Context
This trend is used by economists, policymakers, and real estate professionals to assess housing market conditions and inform policy decisions.
Key Facts
- The median days on market in Alabama are currently XX days.
- The year-over-year change in median days on market is XX%.
- This trend has implications for homebuyers, sellers, and policymakers in Alabama.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in the median number of days that homes are on the market before being sold in Alabama. It provides insights into the housing market's supply and demand dynamics.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the balance between housing supply and buyer demand in Alabama, which has implications for homebuyers, sellers, and policymakers.
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.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and real estate professionals to assess housing market conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve, but there may be some delays in reporting due to the nature of the housing market data.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market Year-Over-Year in Alabama (MEDDAYONMARYYAL), retrieved from FRED.