Digging Deeper: March 2022 Records
March 2022 was yet another record-breaking month. In this report, the DMAR Market Trends Committee examined the various records broken in this month.
ACTIVE LISTINGS
- (Attached) 594 represents the lowest March on record. The previous record was 2015 with 787 active listings.
CLOSE PRICE — MEDIAN
- (Residential) $602,750 represents the highest number on record. The previous record was February 2022 of $575,000.
- (Detached) $660,000 represents the highest number on record. The previous record was February of $635,200.
- (Attached) $421,500 represents the highest number on record. The previous record was February 2022 of $405,000.
CLOSE PRICE — AVERAGE
- (Residential) $705,812 represents the highest on record. The previous record high was February 2022 of $647,394.
- (Detached) $797,700 represents the highest on record. The previous record high was February 2022 of $738,472.
- (Attached) $495,937 represents the highest on record. The previous record high was February 2022 of $460,148.
DAYS IN MLS — MEDIAN
- (Residential) 4 days represents a tie for the lowest amount on record. The previous record low was set 6 other times.
- (Detached) 4 days represents a tie for the lowest amount on record. The previous record low was set 7 other times.
- (Attached) 4 days represents a tie for the lowest amount on record. The previous record low was set 6 other times.
DAYS IN MLS — AVERAGE
- (Residential) 11 days represents the lowest March on record. The previous record low was 2021 at 19 days.
- (Detached) 11 days represents the lowest March on record. The previous record low was 2021 at 16 days.
- (Attached) 12 days represents a tie for the lowest amount on record. The previous record low was set in July of 2021.
MONTHS OF INVENTORY (MOI)
- (Attached) 0.44 months represents the lowest March on record. The previous record of 0.49 was in 2021.
