Digging Deeper: October 2020 Records

The DMAR Market Trends Committee examined the various records broken in the month of October.

November 6, 2020

ACTIVE LISTINGS

  • (Residential) 4,821 represents the lowest October on record. The previous low was in 2016 of 6,731.

  • (Detached) 2,643 represents the lowest October on record. The previous low was in 2017 of 4,720.

CLOSE PRICE — MEDIAN

  • (Residential) $475,000 represents the highest amount on record. The previous record was $460,000 recorded in July, August, & September 2020.

  • (Detached) $519,900 represents the highest amount on record. The previous record was in September 2020 of $510,000.

  • (Attached) $339,425 represents the highest amount on record. The previous record was in September 2020 of $335,000.

CLOSE PRICE — AVERAGE 

  • (Residential) $561,999 represents the highest amount on record. The previous record was $540,890 recorded in July 2020.

  • (Detached) $625,100 represents the highest amount on record. The previous record was in August 2020 of $602,264.

  • (Attached) $393,733 represents the highest amount on record. The previous record was in September 2020 of $384,902.

DAYS IN MLS — MEDIAN

  • (Residential) 6 days represents the lowest October on record. The previous low was in 2015 of 10 days.

  • (Detached) 6 days represents the lowest October on record. The previous low was in 2015 of 11 days.

DAYS IN MLS — AVERAGE

  • (Residential) 24 days represents the lowest October on record. The previous low was in 2015 of 25 days.

  • (Detached) 23 days represents the lowest October on record. The previous low was in 2015 of 27 days.

NEW LISTINGS
  • (Attached) 2,022 represents the highest October on record. The previous high was in 2019 of 1,657.

CLOSED 
  • (Residential) 5,984 closed transactions represent the highest October on record. The previous high was in 2019 of 5,144.

  • (Detached) 4,352 closed transactions represent the highest October on record. The previous high was in 2019 of 3,709.

  • (Attached) 1,639 closed transactions represent the highest October on record. The previous high was in 2017 of 1,461.

MONTHS OF INVENTORY (MOI)
  • (Residential) 0.81 months represents the lowest number on record. The previous record low was in September 2020 of 0.91 months.

  • (Detached) 0.61 months represents the lowest amount on record. The previous record was in September 2020 of 0.72 months.

PENDING
  • (Residential) 6,141 pending transactions represent the highest October on record. The previous high was in 2017 of 6,062.

  • (Detached) 4,337 pending transactions represent the highest October on record. The previous high was in 2017 of 4,330.

  • (Attached) 1,804 pending transactions represent the highest October on record. The previous high was in 2017 of 1,732.

SALES VOLUME
  • (Residential) $3,363,002,016 sales volume represents the highest October on record and the fourth-highest month all time. The previous high October was in 2019 at $2,487,936,752. July of 2020 is the all-time record at $3,965,805,480.

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