Housing Inventory: Median Listing Price Year-Over-Year in Virginia
MEDLISPRIYYVA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-311.27%
Date Range
7/1/2017 - 7/1/2025
Summary
This economic trend measures the year-over-year change in median home listing prices in Virginia. It is a key indicator of the state's housing market conditions and can inform policy decisions.
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 median listing price year-over-year in Virginia tracks the percent change in the typical home price listed for sale compared to the prior year. This metric provides insight into housing demand, affordability, and overall market trends in the state.
Methodology
The data is collected and calculated by Realtor.com based on a comprehensive database of active home listings.
Historical Context
This trend is widely used by real estate analysts, policymakers, and consumers to gauge the health and direction of Virginia's housing market.
Key Facts
- Virginia's median listing price grew 12.5% year-over-year in 2022.
- Home prices have risen steadily in Virginia since the 2008 financial crisis.
- Inventory of homes for sale in Virginia remains tight compared to historical norms.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the percent change in median home listing prices in Virginia compared to the prior year. It provides insight into housing demand and market conditions in the state.
Q: Why is this trend relevant for users or analysts?
A: The median listing price year-over-year is a key indicator of housing affordability and market dynamics, making it highly relevant for real estate investors, policymakers, and consumers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Realtor.com based on a comprehensive database of active home listings in Virginia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the health of Virginia's housing market and inform decisions around mortgage rates, land use regulations, and housing affordability programs.
Q: Are there update delays or limitations?
A: The median listing price data is updated monthly with a typical 1-2 month lag. The metric may not fully capture some short-term price fluctuations in Virginia's diverse regional housing markets.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Listing Price Year-Over-Year in Virginia (MEDLISPRIYYVA), retrieved from FRED.