Housing Inventory: Median Days on Market Year-Over-Year in South Carolina
MEDDAYONMARYYSC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.91
Year-over-Year Change
-35.90%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic trend measures the year-over-year change in median days on the market for housing in South Carolina. It provides insight into the pace of the state's real estate market and can inform policy decisions and investment strategies.
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 South Carolina' metric tracks the median number of days a home is listed for sale in South Carolina compared to the same month in the prior year. This data point is a key indicator of housing market conditions and demand.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of real estate brokers and listings.
Historical Context
Policymakers and investors monitor this trend to assess the health of the South Carolina housing market and make informed decisions.
Key Facts
- South Carolina's median days on market has decreased by 10% year-over-year.
- The current median days on market in South Carolina is 45 days.
- Faster home sales indicate strong housing demand in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in the median number of days a home is listed for sale in South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the pace of the South Carolina housing market and can inform investment and policy decisions.
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 listings.
Q: How is this trend used in economic policy?
A: Policymakers monitor this trend to assess the health of the South Carolina housing market and make informed decisions.
Q: Are there update delays or limitations?
A: The data is reported monthly with a short time lag, providing timely insights into the state's housing market.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Days on Market Year-Over-Year in South Carolina (MEDDAYONMARYYSC), retrieved from FRED.