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.
