Housing Inventory: Median Days on Market Year-Over-Year in Arizona
MEDDAYONMARYYAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.12
Year-over-Year Change
9.45%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Median Days on Market Year-Over-Year in Arizona' economic trend measures the change in the typical number of days a home is listed for sale in Arizona, compared to the previous year. This metric 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 trend tracks the median number of days a home is on the market in Arizona before being sold, comparing the current year to the previous year. It offers valuable insights into the balance between supply and demand in the state's housing market, which is an important indicator for economists, policymakers, and real estate professionals.
Methodology
The data is collected by tracking listings and sales transactions in Arizona's residential real estate market.
Historical Context
This trend is used to assess the health and dynamics of Arizona's housing market, which can inform economic policy decisions and investment strategies.
Key Facts
- The median days on market in Arizona increased by 10 days year-over-year.
- A higher number of days on market can indicate a cooling housing market.
- Arizona's housing inventory trend is closely watched by policymakers and investors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the change in the median number of days a home is listed for sale in Arizona, comparing the current year to the previous year.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the pace of Arizona's residential real estate market, which is an important indicator for economists, policymakers, and real estate professionals.
Q: How is this data collected or calculated?
A: The data is collected by tracking listings and sales transactions in Arizona's residential real estate market.
Q: How is this trend used in economic policy?
A: This trend is used to assess the health and dynamics of Arizona's housing market, which can inform economic policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is provided on a regular basis, but may be subject to some delays in reporting or limitations in geographic coverage.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market Year-Over-Year in Arizona (MEDDAYONMARYYAZ), retrieved from FRED.