Digging Deeper: January 2022 Records

January 2022 was yet another record-breaking month. In this report, the DMAR Market Trends Committee examined the various records broken in this month.

February 3, 2022

ACTIVE LISTINGS

(Residential) 1,184 represents the lowest amount on record. The previous low was in December 2021 with 1,477 active listings.
(Detached) 788 represents the lowest amount on record. The previous low was in December 2021 with 968 active listings.
(Attached) 396 represents the lowest amount on record. The previous low was in December 2021 with 509 active listings.

CLOSE PRICE — MEDIAN

(Residential) $540,000 represents the highest January on record. The previous record was 2021 of $455,000.
(Detached) $595,000 represents the highest January on record. The previous record was 2021 of $509,450.
(Attached) $400,000 represents the highest number on record. The previous record was November 2021 of $389,000.

CLOSE PRICE — AVERAGE

(Residential) $609,132 represents the highest January on record. The previous record was 2021 of $547,757.
(Detached) $689,711 represents the highest January on record. The previous record was 2021 of $626,895.
(Attached) $450,244 represents the highest number on record. The previous record was May 2021 of $446,415.

DAYS IN MLS — MEDIAN

(Residential) 5 days represents the lowest January on record. The previous record low was 2021 at 6 days.
(Detached) 5 days represents a tie for the lowest January on record. The previous record low was 2021 at 5 days.
(Attached) 5 days represents the lowest January on record. The previous record low was 2015, 2017, and 2018 at 9 days.

DAYS IN MLS — AVERAGE

(Residential) 20 days represents the lowest January on record. The previous record low was 2021 at 27 days.
(Detached) 19 days represents the lowest January on record. The previous record low was 2021 at 22 days.
(Attached) 22 days represents the lowest January on record. The previous record low was 2017 at 25 days.

MONTHS OF INVENTORY (MOI)

(Residential) 0.42 months represents the lowest January on record. The previous records of 0.77 was in 2021.
(Detached) 0.42 months represents the lowest January on record. The previous record of 0.63 was in 2021.
(Attached) 0.41 months represents the lowest January on record. The previous record of 1.03 was in 2016 and 2021.

NUMBER OF NEW LISTINGS

(Residential) 3,479 new listings represents the lowest January on record. The previous record low was 2015 at 3,753 new listings.
(Detached) 2,378 new listings represents the lowest January on record. The previous record low was 2017 at 2,648 new listings.

Download the Report