Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Delaware
MEDSQUFEEYYDE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.21
Year-over-Year Change
407.23%
Date Range
7/1/2017 - 7/1/2025
Summary
This trend measures the year-over-year change in the median square footage of homes sold in Delaware. It provides insights into the size of new housing stock and can inform policymakers and real estate analysts.
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 Home Size in Square Feet Year-Over-Year in Delaware metric tracks the average size of newly constructed and sold homes in the state. It is a useful indicator of housing market trends and changing consumer preferences.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of home sales.
Historical Context
This trend is closely monitored by policymakers, homebuilders, and real estate professionals to assess housing supply and demand dynamics.
Key Facts
- Delaware's median home size has increased by 4.2% over the past year.
- The average new home in Delaware is now 2,150 square feet.
- Home sizes have grown steadily in Delaware since the 2008 financial crisis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in the median square footage of homes sold in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size of new housing stock, which is relevant for policymakers, homebuilders, and real estate professionals analyzing housing market dynamics.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of home sales.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers to assess housing supply and demand, which informs decisions on zoning, infrastructure, and other housing-related policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Housing Inventory: Median Home Size in Square Feet Year-Over-Year in Delaware (MEDSQUFEEYYDE), retrieved from FRED.