Digging Deeper: January 2021 Records

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

February 2, 2021

ACTIVE LISTINGS

(Residential) 2,316 represents the lowest inventory on record. The previous low was December 2020 of 2,541.
(Detached) 1,263 represents the lowest inventory on record. The previous low was December 2020 of 1,316.

CLOSE PRICE — MEDIAN

(Residential) $457,000 represents the highest January on record. The previous record was in 2019 of $420,000.
(Detached) $510,000 represents the highest January on record. The previous record was in 2019 of $459,950.
(Attached) $339,000 represents the highest amount on record. The previous record was in October 2020 of $337,000.

CLOSE PRICE — AVERAGE

(Residential) $550,425 represents the highest January on record. The previous record was in 2019 of $475,689.
(Detached) $629,159 represents the highest amount on record. The previous record was in October 2020 of $622,990.
(Attached) $397,792 represents the highest amount on record. The previous record was in October 2020 of $391,259.

DAYS IN MLS — MEDIAN

(Residential) 6 days represents the lowest January on record. The previous low was set 9 different times between 2015 to 2020 at 5 days.
(Detached) 5 days represents a tie of the lowest number on record. We have seen 5 days 5 time before.

DAYS IN MLS — AVERAGE

(Residential) 27 days represents the lowest January on record. The previous low was in 2016, 2017, & 2018 of 35 days.
(Detached) 22 days represents the lowest January on record. The previous low was in 2018 of 37 days.
(Attached) 35 Days represents the lowest January on record. The previous low was in 2017 of 25 days.

MONTHS OF INVENTORY (MOI)

(Residential) 0.77 months represents the lowest January on record. The previous record low was in 2016 with 1.23 months.
(Detached) 0.63 months represents the lowest January on record. The previous record was in 2017 with 1.27 months.
(Attached) 1.03 months represents a tie with 2016 for the lowest January on record.

PENDING