Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Virginia
MEDLISPRIPERSQUFEEMMVA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.84
Year-over-Year Change
-520.00%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic trend tracks the month-over-month change in the median listing price per square foot for housing in Virginia. It provides insight into the state's residential real estate market dynamics.
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 Listing Price per Square Feet Month-Over-Month in Virginia indicator measures the fluctuation in the typical price per square foot for homes listed for sale in the state. This metric offers analysts a gauge of housing affordability and price pressures over time.
Methodology
The data is collected through real estate listings aggregated by Realtor.com.
Historical Context
This trend is closely monitored by real estate investors, homebuyers, and policymakers to assess housing market conditions.
Key Facts
- Virginia's median listing price per square foot was $258 in March 2023.
- Prices rose 1.2% month-over-month in Virginia in March 2023.
- Housing inventory in Virginia has declined 10% year-over-year.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the month-over-month change in the median listing price per square foot for residential properties in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into housing affordability and price pressures in Virginia, which is useful for real estate investors, homebuyers, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through real estate listings aggregated by Realtor.com.
Q: How is this trend used in economic policy?
A: Policymakers monitor this trend to assess the health of the housing market and make informed decisions about housing and economic policies.
Q: Are there update delays or limitations?
A: The data is released monthly, but may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Listing Price per Square Feet Month-Over-Month in Virginia (MEDLISPRIPERSQUFEEMMVA), retrieved from FRED.