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.

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