Digging Deeper: November 2021 Records

November 2021 was yet another record-breaking month. In this report, the DMAR Market Trends Committee examined the various records broken in this month.

December 3, 2021

ACTIVE LISTINGS

(Residential) 2,248 represents the lowest November on record. The previous low was in 2020 with 3,415 active listings.
(Detached) 1,444 represents the lowest November on record. The previous low was in 2020 with 1,755 active listings.
(Attached) 804 represents the lowest November on record. The previous low was in 2014 with 1,001 active listings.

CLOSE PRICE — MEDIAN

(Residential) $530,000 represents the highest November on record. The previous record was 2020 of $460,000.
(Detached) $600,000 represents a tie for the highest amount on record. The previous records were May & June 2020 of $600,000.
(Attached) $390,000 represents the highest amount on record. The previous records were May & July 2021 at $380,000.

CLOSE PRICE — AVERAGE

(Residential) $629,479 represents the highest November on record. The previous record was 2020 of $545,031.
(Detached) $703,847 represents the highest November on record. The previous record was 2020 of $611,779.
(Attached) $445,366 represents the highest amount on record. The previous record was 2020 of $385,064.

DAYS IN MLS — MEDIAN

(Residential) 5 days represents the lowest November on record. The previous record low was 2020 at 6 days.
(Detached) 5 days represents the lowest November on record. The previous record low was 2020 at 6 days.
(Attached) 5 days represents the lowest November on record. The previous record low was 2020 at 6 days.

DAYS IN MLS — AVERAGE

(Residential) 15 days represents the lowest November on record. The previous record low was 2020 at 22 days.
(Detached) 15 days represents the lowest November on record. The previous record low was 2020 at 21 days.
(Attached) 16 days represents the lowest November on record. The previous record low was 2015 at 20 days.

MONTHS OF INVENTORY (MOI)

(Residential) 0.46 months represents the lowest November on record. The previous record of 0.71 was in 2020.
(Detached) 0.41 months represents the lowest November on record. The previous record of 0.52 was 2020.
(Attached) 0.57 months represents the lowest November on record. The previous record of 0.94 occurred in 2014 and 2017.

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