March 2021 Real Estate Records

Revv@admin123

3 years ago

March 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) 1,921 represents the lowest inventory on record. The previous low was February 2021 of 2,024.
(Detached) 1,122 represents the lowest March on record. The previous record low was in 2015 with 3,325 active listings.

CLOSE PRICE — MEDIAN

(Residential) $500,000 represents the highest amount on record. The previous record was in October 2020 of $475,000.
(Detached) $560,000 represents the highest amount on record. The previous record was in February 2021 of $530,000.
(Attached) $353,000 represents the highest amount on record. The previous record was February 2021 of $337,500.

CLOSE PRICE — AVERAGE

(Residential) $589,587 represents the highest amount on record. The previous record was in October 2020 of $559,872.
(Detached) $674,990 represents the highest amount on record. The previous record was in February 2021 of $632,481.
(Attached) $416,775 represents the highest amount on record. The previous record was in February 2021 of $399,190.

DAYS IN MLS — MEDIAN

(Residential) 4 days represents the lowest number on record. The previous low of 5 was set in 9 different times.
(Detached) 4 days represents a tie for the lowest number on record. The previous low was in February 2021.
(Attached) 5 days represents a tie for the lowest March on record. The previous low of 5 was set in 4 different times.

DAYS IN MLS — AVERAGE

(Residential) 19 days represents the lowest March on record. The previous low was in 2018 of 26 days.
(Detached) 15 days represents the lowest number on record. The previous low was in 2015 & 2017 of 19 days.

CLOSINGS

(Residential) 4,889 represents the highest March on record. The previous high was set in 2020 with 4,831 closings.
(Attached) 1,617 represents the highest March on record. The previous high was set in 2020 with 1,452 closings.

MONTHS OF INVENTORY (MOI)

(Residential) 0.39 months represents the lowest number on record. The previous record low was in December 2020 with 0.53 months.
(Detached) 0.34 months represents the lowest number on record. The previous record was in December 2020 with 0.40 months.
(Attached) 0.49 months represents the lowest number on record. The previous record was in March 2015 with 0.60 months.