Digging Deeper: December 2021 Records

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

January 5, 2022

ACTIVE LISTINGS

(Residential) 1,477 represents the lowest amount on record. The previous low was in March 2021 with 1,921 active listings.
(Detached) 968 represents the lowest amount on record. The previous low was in February 2021 with 1,120 active listings.
(Attached) 509 represents the lowest amount on record. The previous low was in May 2021 with 739 active listings.

CLOSE PRICE — MEDIAN

(Residential) $545,000 represents a tie for the highest number on record. The previous record was June 2021 of $545,000.
(Detached) $599,990 represents the highest December on record. The previous record was 2020 of $502,775.
(Attached) $381,500 represents the highest December on record. The previous record was 2020 at $330,000.

CLOSE PRICE — AVERAGE

(Residential) $626,573 represents the highest December on record. The previous record was 2020 of $540,998.
(Detached) $705,753 represents the highest December on record. The previous record was 2020 of $610,464.
(Attached) $441,390 represents the highest December on record. The previous record was 2020 of $388,122.

DAYS IN MLS — MEDIAN

(Residential) 5 days represents the lowest December on record. The previous record low was 2020 at 7 days.
(Detached) 5 days represents the lowest December on record. The previous record low was 2020 at 6 days.
(Attached) 5 days represents the lowest December on record. The previous record low was 2015 at 9 days.

DAYS IN MLS — AVERAGE

(Residential) 18 days represents the lowest December on record. The previous record low was 2020 at 24 days.
(Detached) 19 days represents the lowest December on record. The previous record low was 2020 at 20 days.
(Attached) 17 days represents the lowest December on record. The previous record low was 2016 at 24 days.

MONTHS OF INVENTORY (MOI)

(Residential) 0.33 months represents the lowest number on record. The previous records of 0.39 occurred on March & May of 2021.
(Detached) 0.31 months represents the lowest number on record. The previous record of 0.34 occurred in March of 2021.
(Attached) 0.38 months represents the lowest number on record. The previous record of 0.45 occurred in May of 2021.

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