Digging Deeper: April 2022 Records
April 2022 was yet another record-breaking month. In this report, the DMAR Market Trends Committee examined the various records broken in this month.
ACTIVE LISTINGS
- (Attached) 759 represents the lowest April on record. The previous record was 2015 with 950 active listings.
CLOSE PRICE — MEDIAN
- (Residential) $624,950 represents the highest number on record. The previous record was March 2022 of $602,000.
- (Detached) $684,550 represents the highest number on record. The previous record was March of $660,000.
- (Attached) $440,000 represents the highest number on record. The previous record was March 2022 of $422,000.
CLOSE PRICE — AVERAGE
- (Residential) $726,988 represents the highest on record. The previous record high was March 2022 of $702,694.
- (Detached) $825,073 represents the highest on record. The previous record high was March 2022 of $797,700.
- (Attached) $495,078 represents the highest April on record. The previous record was 2021 of $440,768.
DAYS IN MLS — MEDIAN
- (Residential) 4 days represents a tie for the lowest amount on record. The previous record low was set 7 other times.
- (Detached) 4 days represents a tie for the lowest amount on record. The previous record low was set 8 other times.
- (Attached) 4 days represents a tie for the lowest amount on record. The previous record low was set 7 other times.
DAYS IN MLS — AVERAGE
- (Residential) 8 days represents the lowest number on record. The previous record low of 9 days was set in July of 2021.
- (Detached) 9 days represents the lowest April on record. The previous record low was 2021 at 10 days.
- (Attached) 8 days represents the lowest number on record. The previous record low of 12 days was set in March of 2022.
MONTHS OF INVENTORY (MOI)
- (Attached) 0.52 months represents the lowest April on record. The previous record low of 0.64 was in 2021.
