Digging Deeper: April 2021 Records

April 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) 2,594 represents the lowest April on record. The previous low was in 2015 with 5,025 active listings. 
  • (Detached) 1,640 represents the lowest April on record. The previous record low was in 2018 with 3,851 active listings.

CLOSE PRICE — MEDIAN

  • (Residential) $526,000 represents the highest amount on record. The previous record was in March 2021 of $500,000.
  • (Detached) $585,000 represents the highest amount on record. The previous record was in March 2021 of $561,000. 
  • (Attached) $376,360 represents the highest amount on record. The previous record was March 2021 of $350,000.

CLOSE PRICE — AVERAGE

  • (Residential) $623,825 represents the highest amount on record. The previous record was in March 2021 of $587,484.
  • (Detached) $699,039 represents the highest amount on record. The previous record was in March 2021 of $674,604.
  • (Attached) $444,252 represents the highest amount on record. The previous record was in March 2021 of $413,990.

DAYS IN MLS — MEDIAN

  • (Residential) 4 days represents a tie for the lowest number on record. The previous low was in February 2021.
  • (Detached) 4 days represents a tie for the lowest number on record. The previous low was in February, March, April of 2021.
  • (Attached) 4 days represents the lowest April on record. The previous low of 5 was set many times.

DAYS IN MLS — AVERAGE

  • (Residential) 13 days represents the lowest April on record. The previous low was in 2015 of 18 days.
  • (Detached) 10 days represents the lowest number on record. The previous low was in March 2021 of 16 days.

MONTHS OF INVENTORY (MOI)

  • (Residential) 0.51 months represents the lowest April on record. The previous record low was in 2015 with 1.05 months.
  • (Detached) 0.46 months represents the lowest April on record. The previous record low was in 2018 with 1.08 months.
  • (Attached) 0.64 months represents the lowest April on record. The previous record low was in 2015 with 0.69 months.

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