Digging Deeper: August 2021 Records
August 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) 3,582 represents the lowest August on record. The previous low was in 2020 with 5,496 active listings.
- (Detached) 2,496 represents the lowest August on record. The previous low was in 2020 with 3,305 active listings.
- (Attached) 1,113 represents the lowest August on record. The previous low was in 2015 with 1,449 active Listings.
CLOSE PRICE — MEDIAN
- (Residential) $535,000 represents the highest August on record. The previous record was 2020 of $460,000.
- (Detached) $581,000 represents the highest August on record. The previous record was 2020 of $507,750.
- (Attached) $375,000 represents the highest amount on record. The previous record was May 2021 of $325,000.
CLOSE PRICE — AVERAGE
- (Residential) $614,577 represents the highest August on record. The previous record was 2020 of $538,035.
- (Detached) $687,768 represents the highest August on record. The previous record was 2020 of $601,944.
- (Attached) $437,655 represents the highest August on record. The previous record was 2020 of $376,231.
DAYS IN MLS — MEDIAN
- (Residential) 5 days represents the lowest August on record. The previous record low was 2015 and 2020 at 7 days.
- (Detached) 5 days represents the lowest August on record. The previous record low was 2020 at 6 days.
- (Attached) 5 days represents the lowest August on record. The previous record low was 2015 and 2016 at 6 days.
DAYS IN MLS — AVERAGE
- (Residential) 11 days represents the lowest August on record. The previous record low was 2015 at 19 days.
- (Detached) 10 days represents the lowest August on record. The previous record low was 2015 at 21 days.
- (Attached) 14 days represents the lowest August on record. The previous record low was 2015 at 15 days.
MONTHS OF INVENTORY (MOI)
- (Residential) 0.64 months represents the lowest August on record. The previous record of 0.92 was in 2020.
- (Detached) 0.62 months represents the lowest August on record. The previous record of 0.77 was in 2020.
- (Attached) 0.68 months represents the lowest August on record. The previous record of 0.88 was in 2015.
