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Digging Deeper: May 2022 Records

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

CLOSE PRICE — MEDIAN

  • (Residential) $615,000 represents the highest May on record. The previous record was 2021 of $538,000.
  • (Detached) $670,106 represents the highest May on record. The previous record was 2021 of $593,250.
  • (Attached) $430,000 represents the highest May on record. The previous record was 2021 of $380,000.

CLOSE PRICE — AVERAGE

  • (Residential) $714,495 represents the highest May on record. The previous record high was 2021 of $621,632.
  • (Detached) $825,073 represents the highest May on record. The previous record high was 2021 of $699,396. 
  • (Attached) $494,419 represents the highest May on record. The previous record was 2021 of $446,884.

DAYS IN MLS — MEDIAN

  • (Residential) 4 days represents a tie for the lowest amount on record. The previous record low was set 8 other times.
  • (Detached) 4 days represents a tie for the lowest amount on record. The previous record low was set 9 other times.
  • (Attached) 4 days represents a tie for the lowest amount on record. The previous record low was set 8 other times.

DAYS IN MLS — AVERAGE

  • (Residential) 9 days represents the lowest May on record. The previous record low was 2011 at 11 days.
  • (Attached) 9 days represents the lowest May on record. The previous record low was 2015 at 13 days.  

CLOSED DOLLAR VOLUME

  • (Residential) $3.89 billion represents the highest May on record. The previous record high was 2021 at $3.51 billion.

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