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Digging Deeper: March 2022 Records

March 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) 594 represents the lowest March on record. The previous record was 2015 with 787 active listings.

CLOSE PRICE — MEDIAN

  • (Residential) $602,750 represents the highest number on record. The previous record was February 2022 of $575,000.
  • (Detached) $660,000 represents the highest number on record. The previous record was February of $635,200.
  • (Attached) $421,500 represents the highest number on record. The previous record was February 2022 of $405,000.

CLOSE PRICE — AVERAGE

  • (Residential)  $705,812 represents the highest on record. The previous record high was February 2022 of $647,394.
  • (Detached) $797,700 represents the highest on record. The previous record high was February 2022 of $738,472.
  • (Attached) $495,937 represents the highest on record. The previous record high was February 2022 of $460,148.

DAYS IN MLS — MEDIAN

  • (Residential) 4 days represents a tie for the lowest amount on record. The previous record low was set 6 other times.
  • (Detached) 4 days represents a tie for the lowest amount on record. The previous record low was set 7 other times.
  • (Attached) 4 days represents a tie for the lowest amount on record. The previous record low was set 6 other times.

DAYS IN MLS — AVERAGE

  • (Residential) 11 days represents the lowest March on record. The previous record low was 2021 at 19 days.
  • (Detached) 11 days represents the lowest March on record. The previous record low was 2021 at 16 days.
  • (Attached)  12 days represents a tie for the lowest amount on record. The previous record low was set in July of 2021.

MONTHS OF INVENTORY (MOI)

  • (Attached) 0.44 months represents the lowest March on record. The previous record of 0.49 was in 2021.

Source: https://www.dmarealtors.com/