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.

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