Housing Inventory: Median Days on Market Year-Over-Year in Delaware
MEDDAYONMARYYDE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.62
Year-over-Year Change
57.19%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Median Days on Market Year-Over-Year in Delaware' tracks the year-over-year change in the median number of days homes remain on the market in Delaware. This metric provides insight into the supply and demand dynamics of the state's 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 economic indicator measures the median number of days a home is listed for sale in Delaware compared to the same period a year earlier. It serves as a proxy for housing market conditions, with lower days on market generally reflecting tighter inventory and higher demand.
Methodology
The data is collected and calculated by the National Association of Realtors.
Historical Context
Policymakers and market analysts monitor this trend to gauge the health and direction of Delaware's residential real estate sector.
Key Facts
- The median days on market in Delaware was 32 in May 2022.
- Days on market declined by 15% year-over-year in Delaware as of May 2022.
- Tight inventory has been a key driver of the Delaware housing market in recent years.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year change in the median number of days homes remain listed for sale in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: The median days on market provides insight into the supply and demand dynamics of Delaware's housing market, which is a key indicator for policymakers, real estate professionals, and consumers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the National Association of Realtors.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts monitor this metric to gauge the health and direction of Delaware's residential real estate sector, which can inform housing and economic policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a short lag, providing timely insights into the state's housing market conditions.
Related Trends
Average Hourly Earnings of All Employees: Financial Activities in Delaware
SMU10000005500000003
Average Weekly Earnings of All Employees: Leisure and Hospitality in Delaware
SMU10000007000000011A
Construction Earnings in Delaware
DEECON
All Employees: Retail Trade: Motor Vehicle and Parts Dealers in Delaware
SMU10000004244100001
Housing Inventory: New Listing Count Month-Over-Month in Delaware
NEWLISCOUMMDE
Per Capita Personal Consumption Expenditures: Nondurable Goods: Other Nondurable Goods for Delaware
DEPCEPCONDURG
Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market Year-Over-Year in Delaware (MEDDAYONMARYYDE), retrieved from FRED.