Digging Deeper: November 2020 Records
Another record-breaking month! The DMAR Market Trends Committee examined the various records broken in the month of November.
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.