Digging Deeper: November 2020 Records

Another record-breaking month! The DMAR Market Trends Committee examined the various records broken in the month of November.

December 3, 2020

ACTIVE LISTINGS 

  • (Residential) 3,415 represents the lowest inventory on record. The previous low was December 2017 of 3,854. 
  • (Detached) 1,755 represents the lowest inventory on record. The previous low was October 2020 of 2,643. 

CLOSE PRICE — MEDIAN

  • (Residential) $469,000 represents the highest November on record. The previous record was in 2019 of $420,000. 
  • (Detached) $513,000 represents the highest November on record. The previous record was in 2019 of $450,000. 
  • (Attached) $335,000 represents the highest November on record. The previous record was in 2019 of $312,000. 

CLOSE PRICE — AVERAGE 

  • (Residential) ) $549,756 represents the highest November on record. The previous record was in 2019 of $486,012. 
  • (Detached) $615,766 represents the highest November on record. The previous record was in 2019 of $533,107. 
  • (Attached) $391,390 represents the highest amount on record. The previous record was in October 2020 of $391,259. 

DAYS IN MLS — MEDIAN 

  • (Residential) 6 days represents the lowest November on record. The previous low was in 2015 of 11 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) 22 days represents the lowest November on record. The previous low was in 2015 of 27 days. 
  • (Detached) 20 days represents the lowest November on record. The previous low was in 2015 of 30 days. 

CLOSED

  • (Residential) 4,820 closed transactions represent the highest November on record. The previous high was in 2017 of 4,789. 
MONTHS OF INVENTORY (MOI)
  • (Residential) 0.71 months represents the lowest number on record. The previous record low was in October 2020 of 0.81 months. 
  • (Detached) 0.52 months represents the lowest amount on record. The previous record was in October 2020 of 0.61 months 
PENDING
  • (Attached) 1,519 pending transactions represent the highest November on record. The previous high was in 2017 of 1,402. 
SALES VOLUME
  • (Residential) $2,649,823,920 sales volume represents the highest November on record. The previous high November was in 2019 at $2,093,253,684. 

Download the Report