Housing Inventory: Median Days on Market Year-Over-Year in Massachusetts
MEDDAYONMARYYMA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.84
Year-over-Year Change
338.52%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic indicator tracks the year-over-year change in the median number of days that homes in Massachusetts are on the market before selling. It provides insights into the pace of the local 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
The Housing Inventory: Median Days on Market Year-Over-Year in Massachusetts measures the change in the typical time that residential properties spend listed for sale in the state compared to the same month a year earlier. This metric reflects market dynamics like supply, demand, and buyer competition.
Methodology
The data is collected by real estate industry groups and tracked by the Federal Reserve.
Historical Context
Policymakers and analysts use this trend to assess the health and affordability of the Massachusetts housing market.
Key Facts
- Massachusetts median days on market peaked at 57 days in April 2020.
- The average time a home spends on the market has declined over 25% since the start of 2021.
- Faster home sales are a sign of high buyer demand and limited housing supply in Massachusetts.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the year-over-year change in the median number of days that homes in Massachusetts are listed for sale before being sold.
Q: Why is this trend relevant for users or analysts?
A: The days on market metric provides insights into the strength and affordability of the Massachusetts housing market, which is crucial information for policymakers, real estate professionals, and homebuyers.
Q: How is this data collected or calculated?
A: The data is collected by real estate industry groups and tracked by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health and affordability of the Massachusetts housing market, which informs decisions around housing policies, mortgage regulations, and economic development.
Q: Are there update delays or limitations?
A: The data is reported monthly, but there may be lags of several weeks before the latest figures are available.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market Year-Over-Year in Massachusetts (MEDDAYONMARYYMA), retrieved from FRED.