Digging Deeper: February 2021 Records

February 2021 was yet another record-breaking month. In this report, the DMAR Market Trends Committee examined the various records broken in this month.

March 2, 2021

ACTIVE LISTINGS

(Residential) 2,024 represents the lowest inventory on record. The previous low was January 2021 of 2,316.
(Detached) 1,120 represents the lowest inventory on record. The previous low was January 2021 of 1,263.

CLOSE PRICE — MEDIAN

(Residential) $475,000 represents a tie for the highest amount on record. The previous record was in October 2020.
(Detached) $530,000 represents the highest amount on record. The previous record was in October 2020 of $515,000.
(Attached) $337,250 represents the highest amount on record. The previous record was October 2020 of $337,000.

CLOSE PRICE — AVERAGE

(Residential) $553,774 represents the highest February on record. The previous record was in 2019 of $463,642.
(Detached) $632,581 represents the highest amount on record. The previous record was in January 2021 of $627,550.
(Attached) $401,552 represents the highest amount on record. The previous record was in January 2021 of $396,677.

DAYS IN MLS — MEDIAN

(Residential) 5 days represents a tie for the lowest number on record. The previous low was set in 9 different times.
(Detached) 4 days represents the lowest number on record. The previous low was set 6 different times.

DAYS IN MLS — AVERAGE

(Residential) 23 days represents the lowest February on record. The previous low was in 2018 of 32 days.
(Detached) 19 days represents the lowest February on record. The previous low was in 2018 of 34 days.

CLOSINGS

(Residential) 3,641 represents the highest February on record. The previous high was set in 2020 with 3,511 Closings.
(Attached) 1,241 represents the highest February on record. The previous high was set in 2018 & 2020 with 1,068 Closings.

MONTHS OF INVENTORY (MOI)

(Residential) 0.56 months represents the lowest February on record. The previous record low was in 2017 with 1.19 months.
(Detached) 0.47 months represents the lowest February on record. The previous record was in 2018 with 1.28 months.
(Attached) 0.73 months represents the lowest February on record. The previous record was in 2016 with 0.82 months.

PENDING