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.
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.
