Final answer:
The question about the average number of months to sell a house in a buyer's market relates to Business. The provided data does not specify the average number of months, but one can infer that homes may take longer to sell in a buyer's market compared to a seller's market due to higher inventory and less demand.
Step-by-step explanation:
The question regarding the average number of months it will take to sell a house in a buyer's market falls under the subject of Business, specifically within the real estate market dynamics. While the provided data from the U.S. Census Bureau and FRED® Economic Data mentions historical housing prices and the median sales prices for a new single-family home, it does not give specific details about the time it takes to sell a house in a buyer's market. However, it can be inferred that in a buyer's market, where supply exceeds demand, houses may take longer to sell than in a seller's market.
A buyer's market is characterized by an abundance of homes for sale and fewer buyers, which typically results in homes staying on the market for a longer period. Consequently, this increased time frame for home sales would raise the average number of months it takes to sell a house compared to a seller's market, where homes tend to sell more quickly due to higher demand and less available inventory.