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Digging Deeper: May 2021 Records

May 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) 2,075 represents the lowest May on record. The previous low was in 2016 with 5,463 active listings.
  • (Detached) 1,336 represents the lowest May on record. The previous record low was in 2016 with 4,319 active listings.
  • (Attached) 739 represents the lowest amount on record. The previous low was in February 2015 with 741 active listings.

CLOSE PRICE — MEDIAN

  • (Residential) $540,000 represents the highest amount on record. The previous record was April 2021 of $525,000.
  • (Detached) $595,000 represents the highest amount on record. The previous record was April 2021 of $582,000. 
  • (Attached) $380,000 represents the highest amount on record. The previous record was April 2021 of $375,000.

CLOSE PRICE — AVERAGE

  • (Residential) $623,279 represents the highest amount on record. The previous record was April 2021 of $620,790.
  • (Detached) $700,559 represents the highest amount on record. The previous record was April 2021 of $696,203.
  • (Attached) $449,317 represents the highest amount on record. The previous record was April 2021 of $440,549.

DAYS IN MLS — MEDIAN

  • (Residential) 4 days represents a tie for the lowest number on record. The previous low was in February 2021.
  • (Detached) 4 days represents a tie for the lowest number on record. The previous low was in February, March and April of 2021.
  • (Attached) 4 days represents a tie for the lowest number on record. The previous low of 4 was set April 2015 and 2021.

DAYS IN MLS — AVERAGE

  • (Residential) 11 days represents the lowest number on record. The previous low was last month at 13 days.
  • (Detached) 8 days represents the lowest number on record. The previous low was last month at 10 days.

MONTHS OF INVENTORY (MOI)

  • (Residential) 0.39 months represents a tie for the lowest number on record. The previous record of 0.39 was March of 2021.
  • (Detached) 0.36 months represents the lowest May on record. The previous record low was 2017 with 1.06 months.
  • (Attached) 0.45 months represents the lowest number on record. The previous record low was March 2021 of 0.49 months.

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