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Digging Deeper: June 2021 Records

June 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) 3,122 represents the lowest June on record. The previous low was in 2015 with 6,197 active listings.
  • (Detached) 2,137 represents the lowest June on record. The previous low was in 2020 with 4,082 active listings.
  • (Attached) 985 represents the lowest June on record. The previous low was in 2015 with 1,166 active listings.

CLOSE PRICE — MEDIAN

  • (Residential) $545,000 represents the highest amount on record. The previous record was May 2021 of $537,000.
  • (Detached) $600,000 represents the highest amount on record. The previous record was May 2021 of $592,200.
  • (Attached) $380,000 represents a tie for the highest amount on record. The previous record was May 2021 of $380,000.

CLOSE PRICE — AVERAGE

  • (Residential) $643,645 represents the highest amount on record. The previous record was May 2021 of $621,407.
  • (Detached) $728,385 represents the highest amount on record. The previous record was May 2021 of $699,410.
  • (Attached) $440,066 represents the highest June on record. The previous record was 2020 of $369,918.

DAYS IN MLS — MEDIAN

  • (Residential) 4 days represents a tie for the lowest number on record. The previous low was obtained 3 other times in 2021.
  • (Detached) 4 days represents a tie for the lowest number on record. The previous low was obtained 4 other times in 2021.
  • (Attached) 4 days represents the lowest number on record. The previous low was obtained 2 other times in 2021.

DAYS IN MLS — AVERAGE

  • (Residential) 10 days represents the lowest number on record. The previous low was last month at 11 days.
  • (Detached) 8 days represents a tie for the lowest number on record. The previous low was last month at 8 days.

CLOSINGS

  • (Attached) 1,819 represents the highest June on record. The previous record was in 2015 with 1,765 closings.

MONTHS OF INVENTORY (MOI)

  • (Residential) 0.50 months represents the lowest June on record. The previous record of 1.01 was in 2015.
  • (Detached) 0.49 months represents the lowest June on record. The previous record low was 2020 with 1.00 months.
  • (Attached) 0.54 months represents the lowest June on record. The previous record low was 2015 of 0.66 months.

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