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Digging Deeper: July 2021 Records

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

ACTIVE LISTINGS

  • (Residential) 4,056 represents the lowest July on record. The previous low was in 2017 with 7,352 active listings.
  • (Detached) 2,878 represents the lowest July on record. The previous low was in 2020 with 4,001 active listings.
  • (Attached)  1,178 represents the lowest July on record. The previous low was in 2015 with 1,415 active listings.

CLOSE PRICE — MEDIAN

  • (Residential) $540,000 represents the highest July on record. The previous record was 2020 of $460,000.
  • (Detached)  $600,000 represents the tie (June 2021) for the highest amount on record. The previous record was May 2021 of $582,000. 
  • (Attached) $381,250 represents the highest amount on record. The previous record was May 2021 of $380,000.

CLOSE PRICE — AVERAGE

  • (Residential)  $624,903 represents the highest July on record. The previous record was 2020 of $536,871.
  • (Detached)  $699,795 represents the highest July on record. The previous record was 2020 of $596,876.
  • (Attached) $442,949 represents the highest July on record. The previous record was 2020 of $384,373.

DAYS IN MLS — MEDIAN

  • (Residential)  4 days represents a tie (March through June 2021) for the lowest number on record. The previous low was 5 days 11 other times.
  • (Detached)  4 days represents a tie (February through June 2021) for the lowest number on record. The previous low was 5 days 6 other times.
  • (Attached) 4 days represents a tie (April through June 2021 & April 2015) for the lowest number on record. The previous low was 5 days 17 other times.

DAYS IN MLS — AVERAGE

  • (Residential) 9 days represents the lowest number on record. The previous low was last month at 10 days.
  • (Detached) 8 days represents a tie (May & June 2021) for the lowest number on record. The previous low was April 2021 at 10 days.
  • (Attached)  12 days represents the lowest number on record. The previous low was June 2021 at 13 days.

MONTHS OF INVENTORY (MOI)

  • (Residential) 0.70 months represents the lowest July on record. The previous record of 0.97 was in 2020.
  • (Detached)  0.70 months represents the lowest July on record. The previous record of 0.83 was in 2020.
  • (Attached) 0.69 months represents the lowest July on record. The previous record of 1.07 was in 2014 and 2017.

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