Housing Inventory: Median Days on Market Year-Over-Year in Hawaii
MEDDAYONMARYYHI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.96
Year-over-Year Change
911.45%
Date Range
7/1/2017 - 7/1/2025
Summary
The 'Housing Inventory: Median Days on Market Year-Over-Year in Hawaii' trend measures the change in the median number of days a home is on the market in Hawaii compared to the previous year. This provides insight into the supply and demand dynamics of the Hawaii 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 trend tracks the median number of days a home is listed for sale on the market in Hawaii before it is sold, compared to the same period in the prior year. It is an important indicator of housing market tightness and can signal changes in buyer activity, inventory levels, and price pressures.
Methodology
The data is collected from real estate listings and sales transactions in Hawaii.
Historical Context
This trend is closely monitored by real estate investors, developers, and policymakers to understand the health of the Hawaii housing market.
Key Facts
- Median days on market in Hawaii reached a high of 56 days in 2020.
- The trend has shown significant volatility over the past decade.
- Declining days on market can signal a tight housing market with strong demand.
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 on the market in Hawaii before it is sold, compared to the previous year.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the supply and demand dynamics of the Hawaii housing market, which is important for real estate investors, developers, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected from real estate listings and sales transactions in Hawaii.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers to understand the health of the Hawaii housing market and inform policy decisions.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and can be influenced by seasonal factors and other market conditions.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market Year-Over-Year in Hawaii (MEDDAYONMARYYHI), retrieved from FRED.