Housing Inventory: Median Days on Market Year-Over-Year in Connecticut
MEDDAYONMARYYCT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.41
Year-over-Year Change
-65.39%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Median Days on Market Year-Over-Year in Connecticut' trend measures the change in the typical number of days a home is listed for sale in Connecticut compared to the previous year. This metric provides insight into the balance between housing supply and demand 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 in Connecticut before being sold, compared to the same period in the prior year. It is an important indicator of housing market tightness and can help analysts and policymakers understand trends in residential real estate activity.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of real estate brokers and agents.
Historical Context
Policymakers and economists use this metric to assess the health of the Connecticut housing market and inform decisions related to mortgage rates, housing affordability, and residential construction.
Key Facts
- The median days on market in Connecticut was 30 in 2022, up from 25 in 2021.
- A higher number of days on market indicates a less tight housing market.
- Connecticut's housing inventory trend provides insight into residential real estate activity in the state.
FAQs
Q: What does this economic trend measure?
A: The 'Housing Inventory: Median Days on Market Year-Over-Year in Connecticut' trend measures the change in the typical number of days a home is listed for sale in Connecticut compared to the previous year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the balance between housing supply and demand in the state, which is important for understanding trends in the residential real estate market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of real estate brokers and agents.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the health of the Connecticut housing market and inform decisions related to mortgage rates, housing affordability, and residential construction.
Q: Are there update delays or limitations?
A: The data is released on a regular basis, but there may be some delay in reporting compared to real-time market conditions.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market Year-Over-Year in Connecticut (MEDDAYONMARYYCT), retrieved from FRED.