Digging Deeper: December 2020 Records

December 2020 was yet another record-breaking month. In this report, the DMAR Market Trends Committee examined the various records broken in this month.

January 5, 2021

ACTIVE LISTINGS

  • (Residential) 2,541 represents the lowest inventory on record. The previous low was December 2017 of 3,854.
  • (Detached) 1,316 represents the lowest inventory on record. The previous low was November 2020 of 1,755.

CLOSE PRICE — MEDIAN

  • (Residential) $460,000 represents the highest December on record. The previous record was in 2019 of $417,000. 
  • (Detached) $507,000 represents the highest December on record. The previous record was in 2019 of $488,950.
  • (Attached) $332,000 represents the highest December on record. The previous record was in 2019 of $309,950.

CLOSE PRICE — AVERAGE

  • (Residential) $547,461 represents the highest December on record. The previous record was in 2019 of $483,208.
  • (Detached) $616,895 represents the highest December on record. The previous record was in 2019 of $527,003.
  • (Attached) $391,375 represents the highest amount on record. The previous record was in October 2020 of $391,259.

DAYS IN MLS — MEDIAN

  • (Residential) 7 days represents the lowest December on record. The previous low was in 2015 and 2016 of 14 days.
  • (Detached) 5 days represents a tie of the lowest number on record. We have seen 5 days 5 time before.

DAYS IN MLS — AVERAGE

  • (Residential) 23 days represents the lowest December on record. The previous low was in 2015 and 2016 of 32 days. 
  • (Detached) 20 days represents the lowest December on record. The previous low was in 2015 of 34 days. 

CLOSED

  • (Residential) 4,807 closed transactions represent the highest December on record. The previous high was in 2019 of 4,582.
  • (Detached) 3,327 closed transactions represent the highest December on record. The previous high was in 2015 of 3,267.
  • (Attached) 1,480 closed transactions represent the highest December on record. The previous high was in 2015 of 1,353. 

MONTHS OF INVENTORY (MOI)

  • (Residential) 0.53 months represents the lowest number on record. The previous record low was in November 2020 of 0.71 months.
  • (Detached) 0.40 months represents the lowest amount on record. The previous record was in November 2020 of 0.52  months.
  • (Attached) 0.83 months represents the lowest amount on record. The previous record was in March & November 2016 of  0.95 months.

PENDING

  • (Residential) 3,625 pending transactions represent the highest December on record. The previous high was in 2018 of  3,577.
  • (Attached) 1,230 pending transactions represent the highest December on record. The previous high was in 2018 of 2,602.

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