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Home » Market Trends Overview | DECEMBER ’21

Market Trends Overview | DECEMBER ’21

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/