Molybdenum (Mo) Market to Reach $ 6.70 Billion by 2030: Industry Trends, Value, Growth & Future Forecast
NEW DELHI, May 23, 2025 /PRNewswire/ -- The Global Molybdenum Market size was estimated at approximately USD 5.32 billion in 2023, with projections indicating it could grow to around USD 6.70 billion by 2030 as per MarkNtel Advisors study. This growth represents a compound annual growth rate (CAGR) of about 3.92% from 2025 to 2030. Recent analyses reveal an increase in production volumes, rising from 575.4 million pounds (mlbs) to 627.4 mlbs. The Asia-Pacific region dominates the molybdenum market, with China leading the way in production output, which has surged from 205.6 mlbs in 2019 to 281.8 mlbs in 2023. In contrast, the South American region has witnessed a production decline of 10% since 2019, primarily due to heightened environmental regulations and reduced ore grades. The broader global context also shows a 3% production decrease in other regions.
On the consumption front, global molybdenum consumption increased from 576.3 mlbs in 2019 to 630 mlbs in 2023. The Asia-Pacific region again takes the lead, with China's consumption rising by 26% during this period, from 220.9 mlbs to 278.5 mlbs. Conversely, Europe—the second-largest market—experienced an 8% decrease in demand, highlighting contrasting growth dynamics within the molybdenum market.
Interested User Can Get a FREE PDF sample of the report here - https://www.marknteladvisors.com/query/request-sample/molybdenum-market.html
Global Molybdenum Market Statistics:
Market Size in 2023: USD 5.32 Billion
Projected Valuation by 2030: USD 6.70 Billion
Forecast Period CAGR: 3.92% (2025–2030)
Base Year: 2023 | Historical Years: 2020–2022
Leading Application Segment: Steel Production
Dominant Region: Asia-Pacific
Global Molybdenum Market Research Report Key Finding -
1.) Key Driver: Surge in Steel Production and Its Impact on Molybdenum Demand
Steel production serves as the principal catalyst for molybdenum consumption within the Global Molybdenum Market. In 2023, approximately 71% of the molybdenum, equivalent to 447.3 million pounds (or 184,058.4 metric tons), was utilized in the manufacture of various steel grades. This trend is set to accelerate as demand for steel continues to rise. According to the World Steel Association, projected steel demand is expected to increase by 2.96%, climbing from 1,599.4 million metric tons in 2023 to 1,646.7 million metric tons by 2025.
Furthermore, as inflationary pressures diminish, largely due to sustained high interest rates from central banks, any potential interest rate cuts could stimulate economic recovery. For example, in June 2024, the European Central Bank reduced its interest rate by 25 basis points, leading to an uptick in production in April. This decrease triggered a noteworthy year-over-year increase in steel production of 5.1% in June, followed by a 5.7% rise in July within the European Union.
The strategic reduction of interest rates by major economies, as inflation subsides, is likely to foster significant growth in steel demand and subsequently bolster the Global Molybdenum Market.
2.) Opportunity: Growing Demand for Molybdenum Driven by Advancements in Technology
The rise of advanced technologies is creating significant growth opportunities in the Global Molybdenum Market. As the world embraces digitalization through innovations like the Internet of Things (IoT) and 5G, the demand for computer chips and semiconductors is surging, thereby increasing the need for molybdenum. This metal is vital due to its outstanding features, including high thermal and electrical conductivity, low thermal expansion, and excellent thin-film resistivity. For example, Lam Research highlighted in February 2024 that molybdenum's thin-film resistivity makes it an excellent substitute for tungsten in semiconductors, further emphasizing the vital role of molybdenum in today's technology-driven landscape.
For in-depth analysis, market data, and forecasts, access the complete study - https://www.marknteladvisors.com/research-library/molybdenum-market.html
3.) Industry Challenge: Impact of Rising ESG Regulations on Molybdenum Production
The escalating challenge of climate change, driven by greenhouse gas emissions, pollution, and biodiversity loss, has led governments to establish stringent ESG norms and regulations. These measures aim to set emission targets that companies must adhere to for sustainable operations, impacting molybdenum production capacity worldwide. While these regulations may enhance environmental governance, they also introduce market volatility and strain profit margins, raising concerns about the feasibility of molybdenum production. For example, in June 2023, Antofagasta's Zaldívar mining division sought to extend its mining rights while planning to change its water sourcing to seawater or third-party providers. Additionally, extreme weather events like wildfires and flooding pose further threats to production capabilities, presenting challenges for the growth of the Global Molybdenum Market in the coming years.
Global Molybdenum Market Segmentation Insights: Who Lead the Industry
By Application (Electric Conductivity, Imaging, Metal Alloys, Catalyst, Others)
By End-User (Oil & Gas, Chemical & Petrochemical, Electronics, Iron & Steel, Energy & Power
By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific)
- Metal Alloys Segment Dominates the Molybdenum Market
The Global Molybdenum Market shows that the Metal Alloys segment holds the largest share, influenced by applications like Electric Conductivity, Imaging, catalysts, and more. This segment is expected to maintain its dominance throughout the forecast period. The demand for molybdenum is closely linked to the iron and steel industry, with approximately 71% of global production utilized in various steel grades. Additionally, around 3% of the total molybdenum produced, equivalent to 18.9 million pounds in 2023, is allocated for nickel alloys. This significant usage underscores the importance of metal alloys in driving market dynamics.
- Asia-Pacific Region Dominates the Molybdenum Industry
The Asia-Pacific region stands out as the frontrunner in molybdenum production and consumption, primarily due to China's robust steel production industry. In 2023, global molybdenum production reached 627.4 million pounds, with China accounting for approximately 45%, or 281.8 million pounds. The country not only leads in production but also in consumption, utilizing 278.5 million pounds of molybdenum that same year. Recognizing molybdenum as a strategic resource, China possesses some of the largest reserves globally. The demand for specialized and high-quality steel is set to increase, driven by the Chinese Government's 14th Five-Year Plan, which aims to enhance manufacturing capabilities. Furthermore, Antaike China projects that investments in wind power could result in an estimated molybdenum consumption of 300,000 tonnes by 2050.
Get Customization on this Report- https://www.marknteladvisors.com/query/request-customization/molybdenum-market.html
Competitive Landscape: Dominated by Top Molybdenum Manufacturers Like:
Multi Metal Development Limited
Anglo American
BHP (Peru Antamina)
Antofagasta PLC
Centerra Gold Inc.
CMOC Group
Codelco
Freeport-McMoRan (Climax Molybdenum)
Grupo Mexico
Plansee
Rio Tinto
Zijin Mining Group Co., Ltd.
ABSCO Limited
KGHM
Others
Companies Investment & Market Expansion
May 2024: Anglo American is planning to invest more than USD 80 million in Peru. This step is regarding the company looking to add six-ore floatation cells for better copper and molybdenum recovery.
List of Tables
Table 1: Global Molybdenum Market Size & Analysis by Revenues (USD Million) & Volume (Thousand Tons)
Table 2: Global Molybdenum Market Share & Analysis by Application
Table 3: Global Molybdenum Market Share & Analysis by End-User
Table 4: North America Molybdenum Market Size & Analysis by Revenues (USD Million) & Volume (Thousand Tons)
Table 5: The US Molybdenum Market Size & Analysis by Revenues (USD Million) & Volume (Thousand Tons)
Table 6: Brazil Molybdenum Market Size & Analysis by Revenues (USD Million) & Volume (Thousand Tons)
Table 7: Europe Molybdenum Market Size & Analysis by Revenues (USD Million) & Volume (Thousand Tons)
Table 8: Saudi Arabia Molybdenum Market Size & Analysis by Revenues (USD Million) & Volume (Thousand Tons)
Table 9: Asia-Pacific Molybdenum Market Size & Analysis by Revenues (USD Million) & Volume (Thousand Tons)
Table 10: Company Profiles – Overview of Key Players in the Global Molybdenum Market
Table 11: Strategic Alliances or Partnerships Overview of Key Players
Table 12: Recent Developments of Major Companies
Schedule a Consultation with Our Experts! - https://www.marknteladvisors.com/query/talk-to-our-consultant/molybdenum-market.html
List of Figures
Figure 1: Global Molybdenum Market Dynamics - Growth Drivers and Challenges
Figure 2: Global Molybdenum Market Trends & Insights (2020-2030)
Figure 3: Molybdenum Market Outlook by Region
Figure 4: Molybdenum Market Application Segmentation
Figure 5: Molybdenum Market Dynamics - Opportunities Analysis
Figure 6: Supply Chain Analysis of the Global Molybdenum Market
Figure 7: Revenue Shares by Company in the Molybdenum Market
Figure 8: Market Outlook of Molybdenum by End-User Segment
Figure 9: Molybdenum Market Competition Characteristics
Figure 10: Key Strategic Imperatives for Success & Growth in Molybdenum Market
About Us –
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
Similar Report Topic –
Global Green Steel Market - it is projected to grow at a CAGR of around 12.22% during the forecast period, 2025-30.
Global Biomethanol Market - it is estimated to grow at a CAGR of around 26.45% by 2030
Global Primary Battery Market - it was valued at around USD 18.8 billion in 2024 and is projected to reach USD 26 billion by 2030
Global Gardening Market - it was valued at around USD 120 billion in 2024 and is projected to reach USD 150 Billion by 2030
Global 30mm Medium Caliber Market - it is estimated to grow at a CAGR of around 4.5% by 2030
Global Energy Drink Market - it was valued at USD 87 billion in 2024 and is projected to reach USD 134 billion by 2030.
Global Denim Jeans Market - it is estimated to grow at a CAGR of around 7.5% during the forecast period, i.e., 2025-30.
Global Luxury Furniture Market – Size was valued at around USD 27.65 billion in 2023 & is projected to reach around USD 41.95 billion by 2030.
Global Value-Based Healthcare Market - it is valued at USD 1.3 trillion in 2025 & is estimated to grow at a CAGR of around 16.09% during the forecast period, i.e., 2025-30.
Contact:
MarkNtel AdvisorsOffice No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, IndiaContact No: +91 8719999009Email: sales@marknteladvisors.comVisit our Website: https://www.marknteladvisors.comContent Source: https://www.marknteladvisors.com/press-release/global-tire-market-growth
Logo: https://mma.prnewswire.com/media/2687299/MarkNtel_Advisors_Logo.jpg
View original content to download multimedia:https://www.prnewswire.com/news-releases/molybdenum-mo-market-to-reach--6-70-billion-by-2030-industry-trends-value-growth--future-forecast-302464205.html
SOURCE MarkNtel Advisors
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
AskNewt Unveils Version 3.0, Bringing Trusted, Accurate, Smarter, Faster, and More Personalized AI Insights to Finance and Everyday Life
The latest release introduces real-time, context-aware analysis, secure portfolio tools, and persistent memory — delivering sharper answers and a safer, more personalized user experience. NEW YORK, Aug. 20, 2025 /PRNewswire/ -- AskNewt, a leading provider of AI-powered financial and personal insights, today announced the upcoming release of AskNewt Version 3.0, the company's most advanced platform update to date. Built on direct feedback from its growing user community, AskNewt 3.0 introduces powerful new features designed to enhance accuracy, speed, and personalization across financial research, decision-making, and everyday use. "AskNewt 3.0 represents a major step forward in how individuals and professionals can leverage AI for timely, accurate, and actionable insights," Chief AI Officer Abbas Shah said, adding that "Our goal is to deliver a smarter and safer AI assistant that not only answers questions, but also anticipates user needs, learns preferences, and supports critical decision-making in real time." Key Features of AskNewt 3.0: Sharper Answers, Faster – Advanced parsing of financial and general queries powered by the latest large language models. Real-Time, Context-Aware Insights – Information and analysis that reflect current events and market conditions. Personalized Experience – Persistent memory that adapts to each user's profile, interests, and history. Smarter Financial Tools – Secure portfolio uploads with real-time performance tracking and instant stock analysis. Everyday Intelligence – Expanded support for trip planning, restaurant booking, shopping deals, and more. Streamlined Interface – A cleaner, more focused design for seamless user experience. Continuous Self-Improvement – A system that learns and improves with each engagement. Private by Design – Strict commitment to data privacy, with no sharing of user information with third parties. About AskNewtNew York-based AskNewt, LLC has developed AskNewt, an AI Agentic search engine built for sharper, faster answers—especially for financial and complex queries. It delivers real-time, context-aware insights with verified accuracy, a streamlined interface, and personalized results that improve over time. Private by design and free to use, AskNewt aims to reach 15–20 million users in two years, following a proven B2C growth and monetization model. Download the mobile apps here for AskNewt: Apple Store link Google Play link View original content to download multimedia: SOURCE AskNewt, LLC
Yahoo
4 hours ago
- Yahoo
Wheels Up Announces Divestiture of Non-Core Services Businesses
Continued streamlining of business operations to further company's profitability goals ATLANTA, Aug. 20, 2025 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE: UP) today announced that it has sold three non-core services businesses – Baines Simmons, Kenyon International Emergency Services and Redline Assured Security – to an unrelated third party for approximately $20 million in proceeds before transaction-related expenses. Wheels Up expects to reinvest the net proceeds from the sale to further its ongoing fleet modernization strategy and for general corporate purposes. "The divestiture of these non-core services businesses is the latest in a series of steps that Wheels Up has taken to sharpen our strategic focus; invest in our product, fleet and operations; and strengthen our balance sheet," said George Mattson, Chief Executive Officer. "The sale, along with our recently announced initiatives estimated to drive approximately $50 million of cost efficiencies, is expected to create meaningful tailwinds on our path to sustained, profitable growth." The sale of these non-core services businesses complements continued efforts to streamline Wheels Up's business, drive operational performance and execute on the company's fleet simplification and modernization strategy. About Wheels UpWheels Up is a leading provider of on-demand private aviation in the U.S. with a large, diverse fleet and a global network of safety-vetted charter operators, all committed to safety and service. Customers access charter and membership programs and commercial travel benefits through a strategic partnership with Delta Air Lines. Wheels Up also provides cargo services to a range of clients, including individuals and government organizations. With the Wheels Up app and website, members can easily search, book, and fly. For more information, visit Cautionary Note Regarding Forward-Looking StatementsThis press release contains certain "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside of the control of Wheels Up Experience Inc. ("Wheels Up"). These forward-looking statements include, but are not limited to, statements regarding the potential impacts of Wheels Up's cost reduction, operational efficiency and productivity initiatives and the divestiture of non-core businesses described in this press release on its business, financial condition and results of operations, including timing and magnitude. The words "anticipate," "continue," "could," "expect," "plan," "potential," "should," "would," "pursue" and similar expressions, may identify forward-looking statements, but the absence of these words does not mean that statement is not forward-looking. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in Wheels Up's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission ("SEC") on March 11, 2025 and Wheels Up's other filings with the SEC from time to time. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, Wheels Up does not intend to update any of these forward-looking statements after the date of this press release. Investors:ir@ Media:press@ View original content to download multimedia: SOURCE Wheels Up
Yahoo
4 hours ago
- Yahoo
REMAX NATIONAL HOUSING REPORT FOR JULY 2025
July's Home Sales Match 2024 Levels But Take Longer to Sell DENVER, Aug. 20, 2025 /PRNewswire/ -- After five consecutive months of gains, U.S. home sales dipped slightly in July, falling 0.7% below June's total. Compared to July 2024, sales were up 0.6%, but homes took longer to sell—averaging 44 days on the market, up from 37 days a year ago and three days longer than June, according to data from the 52 metro areas surveyed. The Median Sales Price in July was $450,000, down 1.1% from June – a typical seasonal trend. Year-over-year, prices were 2.3% higher. Inventory also saw a slight month-over-month decline of 0.8% but was 27.7% higher than July 2024. A 2.5% drop in new listings contributed to the monthly decrease, though new listings were still 4.4% above last year's levels. Shop Top Mortgage Rates A quicker path to financial freedom Personalized rates in minutes Your Path to Homeownership "July's housing data reflects a market that's adjusting seasonally," said REMAX CEO Erik Carlson. "Homes are taking a bit longer to sell, but inventory has remained consistent and prices have held steady. That's a sign of resilience—and continued opportunity for both buyers and sellers." In San Antonio, Texas, one of the top five markets in the report for housing supply, the 5.6-months' supply of inventory signals a more balanced environment. As the market continues to normalize, local expertise can be even more critical in helping clients navigate pricing and strategy. "While the number of sales was down and the days on market increased, the average sales price also continued to increase," said Sara Briseño Gerrish, Broker/Owner of RE/MAX Unlimited in San Antonio. "Now more than ever, it's crucial to work with an experienced real estate agent who understands the local market dynamics. This will ensure sellers have a comprehensive pricing strategy and buyers are able to leverage that expertise into a strong offer." Other metrics of note: Months' Supply of Inventory rose to 2.8 months, up slightly from 2.7 in June and higher than the 2.2 months recorded last July. Buyers paid an average of 99% of the asking price in July – the same as in June 2025 but below the 100% seen in July 2024. New listings grew year over year for a 17th consecutive month. Highlights and local market results for July include: New Listings In the 52 metro areas surveyed in July 2025, the number of newly listed homes was up 4.4% compared to July 2024, and down 2.5% compared to June 2025. The markets with the biggest increase in year-over-year new listings percentage were Houston, TX at +43.0%, Burlington, VT at +22.6%, and Raleigh, NC at +20.9%. The markets with the biggest year-over-year decrease in new listings percentage were Dover, DE at -34.6%, Baltimore, MD at -28.5%, and Philadelphia, PA at -28.0%. New Listings:5 Markets with the Biggest YoY Increase Market Jul 2025 Jul 2024 Year-over-Year % Change Houston, TX 17,556 12,276 +43.0 % Burlington, VT 326 266 +22.6 % Raleigh, NC 2,930 2,424 +20.9 % Wichita, KS 1,109 950 +16.7 % Omaha, NE 1,990 1,715 +16.0 % Closed Transactions Of the 52 metro areas surveyed in July 2025, the overall number of home sales was up 0.6% compared to July 2024, and down 0.7% compared to June 2025. The markets with the biggest increase in year-over-year sales percentages were Raleigh, NC at +19.5%, Bozeman, MT at +17.7%, and Manchester, NH at +12.4%. The markets with the biggest decrease in year-over-year sales percentage were Dover, DE at -10.9%, San Antonio, TX at -10.3%, and Miami, FL at -6.8%. Closed Transactions:5 Markets with the Biggest YoY Increase Market Jul 2025 Jul 2024 Year-over-Year % Change Raleigh, NC 2,263 1,893 +19.5 % Bozeman, MT 166 141 +17.7 % Manchester, NH 507 451 +12.4 % Houston, TX 8,157 7,488 +8.9 % Hartford, CT 1,261 1,183 +6.6 % Median Sales Price – Median of 52 metro area pricesIn July 2025, the median of all 52 metro area sales prices was $450,000, up 2.3% from July 2024, and down 1.1% compared to June 2025. The markets with the biggest year-over-year increase in median sales price were Bozeman, MT at +19.1%, Cleveland, OH at +13.0%, and Anchorage, AK at +10.3%. The markets with the biggest year-over-year decrease in median sales price were Burlington, VA at -5.0%, San Francisco, CA at -4.2%, and Houston, TX at -3.1%. Median Sales Price:5 Markets with the Biggest YoY Increase Market Jul 2025 Jul 2024 Year-over-Year% Change Bozeman, MT $789,500 $663,000 +19.1 % Cleveland, OH $274,700 $243,000 +13.0 % Anchorage, AK $445,000 $403,500 +10.3 % Trenton, NJ $531,500 $485,000 +9.6 % Indianapolis, IN $325,000 $304,000 +6.9 % Close-to-List Price Ratio – Average of 52 metro area pricesIn July 2025, the average close-to-list price ratio of all 52 metro areas in the report was 99%, down from 100% in July 2024 and the same as in June 2025. The close-to-list price ratio is calculated by the average value of the sales price divided by the list price for each transaction. When the number is above 100%, the home closed for more than the list price. If it's less than 100%, the home sold for less than the list price. The metro areas with the highest close-to-list price ratios were Hartford, CT at 104.4%, Trenton, NJ at 102.1%, and New York, NY at 102.0%. The metro areas with the lowest close-to-list price ratio were Miami, FL at 94.3%, New Orleans, LA at 96.3%, followed by a tie between Houston, TX and Tampa, FL at 96.7%. Close-to-List Price Ratio:5 Markets with the Highest Close-to-List Price Ratio Market Jul 2025 Jul 2024 Year-over-Year Difference* Hartford, CT 104.4 % 105.9 % -1.5 pp Trenton, NJ 102.1 % 103.1 % -1.0 pp New York, NY 102.0 % 101.5 % +0.5 pp San Francisco, CA 101.8 % 103.6 % -1.8 pp Milwaukee, WI 101.2 % 101.2 % +0.0 pp *Difference displayed as change in percentage points Days on Market – Average of 52 metro areasThe average days on market for homes sold in July 2025 was 44, up seven days compared to the average in July 2024 and up three days compared to June 2025. The metro areas with the highest days on market averages were San Antonio, TX at 83, Miami, FL at 78, and Phoenix, AZ at 75. The lowest days on market were Hartford, CT and Manchester, NH tied at 20, followed by Milwaukee, WI at 23. Days on market is the number of days between when a home is first listed in an MLS and a sales contract is signed. Days on Market:5 Markets with the Highest Days on Market Market Jul 2025 Jul 2024 Year-over-Year % Change San Antonio, TX 83 70 +18.2 % Miami, FL 78 59 +31.5 % Phoenix, AZ 75 59 +27.4 % Coeur d'Alene, ID 72 66 +9.0 % Tampa, FL 67 51 +31.0 % Months' Supply of Inventory – Average of 52 metro areasThe number of homes for sale in July 2025 was up 27.7% from July 2024, and down 0.8% from June 2025. Based on the rate of home sales in July 2025, the months' supply of inventory was 2.8, up from 2.2 from July 2024, and up from 2.7 from June 2025. In July 2025, the markets with the highest months' supply of inventory were Miami, FL at 7.1, Bozeman, MT at 5.8, and San Antonio, TX at 5.6. The markets with the lowest months' supply of inventory were Hartford CT at 1.0, followed by Manchester, NH and Milwaukee, WI tied at 1.1. Months' Supply of Inventory:5 Markets with the Highest Months' Supply of Inventory Market Jul 2025 Jul 2024 Year-over-Year % Change Miami, FL 7.1 5.0 +40.1 % Bozeman, MT 5.8 4.7 +21.8 % San Antonio, TX 5.6 5.1 +10.8 % Urban Honolulu, HI 5.1 2.3 +121.8 % Houston, TX 4.7 4.2 +12.5 % About the REMAX NetworkAs one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 145,000 agents in nearly 9,000 offices and a presence in more than 110 countries and territories. Nobody in the world sells more real estate than REMAX, as measured by residential transaction sides. REMAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. REMAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network Hospitals® and other charities. To learn more about REMAX, to search home listings or find an agent in your community, please visit For the latest news about REMAX, please visit Report DetailsThe REMAX National Housing Report is distributed monthly on or about the 15th. The Report is based on MLS data for the stated month in 52 metropolitan areas, includes single-family residential property types, and is not annualized. For maximum representation, most of the largest metro areas in the country are represented, and an attempt is made to include at least one metro area in almost every state. Metro areas are defined by the Core Based Statistical Areas (CBSAs) established by the U.S. Office of Management and Budget. DefinitionsClosed Transactions are the total number of closed residential transactions during the given month. Months Supply of Inventory is the total number of residential properties listed for sale at the end of the month (current inventory) divided by the number of sales contracts signed (pending listings) during the month. Where "pending" data is unavailable, an inferred pending status is calculated using closed transactions. Days on Market is the average number of days that pass from the time a property is listed until the property goes under contract. Median Sales Price for a metro area is the median sales price for closed transactions in that metro area. The nationwide Median Sales Price is calculated at the nationwide aggregate level using all sale prices from the included metro areas. The Close-to-List Price Ratio is the average value of the sales price divided by the list price for each closed transaction. MLS data is provided by Seventy3, LLC, a RE/MAX Holdings company. While MLS data is believed to be reliable, it cannot be guaranteed. MLS data is constantly being updated, making any analysis a snapshot at a particular time. Every month, the previous period's data is updated to ensure accuracy over time. Raw data remains the intellectual property of each local MLS organization. View original content to download multimedia: SOURCE RE/MAX, LLC
