November 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) 2,248 represents the lowest November on record. The previous low was in 2020 with 3,415 active listings.
- (Detached) 1,444 represents the lowest November on record. The previous low was in 2020 with 1,755 active listings.
- (Attached) 804 represents the lowest November on record. The previous low was in 2014 with 1,001 active listings.
CLOSE PRICE — MEDIAN
- (Residential) $530,000 represents the highest November on record. The previous record was 2020 of $460,000.
- (Detached) $600,000 represents a tie for the highest amount on record. The previous records were May & June 2020 of $600,000.
- (Attached) $390,000 represents the highest amount on record. The previous records were May & July 2021 at $380,000.
CLOSE PRICE — AVERAGE
- (Residential) $629,479 represents the highest November on record. The previous record was 2020 of $545,031.
- (Detached) $703,847 represents the highest November on record. The previous record was 2020 of $611,779.
- (Attached) $445,366 represents the highest amount on record. The previous record was 2020 of $385,064.
DAYS IN MLS — MEDIAN
- (Residential) 5 days represents the lowest November on record. The previous record low was 2020 at 6 days.
- (Detached) 5 days represents the lowest November on record. The previous record low was 2020 at 6 days.
- (Attached) 5 days represents the lowest November on record. The previous record low was 2020 at 6 days.
DAYS IN MLS — AVERAGE
- (Residential) 15 days represents the lowest November on record. The previous record low was 2020 at 22 days.
- (Detached) 15 days represents the lowest November on record. The previous record low was 2020 at 21 days.
- (Attached) 16 days represents the lowest November on record. The previous record low was 2015 at 20 days.
MONTHS OF INVENTORY (MOI)
- (Residential) 0.46 months represents the lowest November on record. The previous record of 0.71 was in 2020.
- (Detached) 0.41 months represents the lowest November on record. The previous record of 0.52 was 2020.
- (Attached) 0.57 months represents the lowest November on record. The previous record of 0.94 occurred in 2014 and 2017.
Source: https://www.dmarealtors.com/