Digging Deeper: July 2021 Records
July 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) 4,056 represents the lowest July on record. The previous low was in 2017 with 7,352 active listings.
- (Detached) 2,878 represents the lowest July on record. The previous low was in 2020 with 4,001 active listings.
- (Attached) 1,178 represents the lowest July on record. The previous low was in 2015 with 1,415 active listings.
CLOSE PRICE — MEDIAN
- (Residential) $540,000 represents the highest July on record. The previous record was 2020 of $460,000.
- (Detached) $600,000 represents the tie (June 2021) for the highest amount on record. The previous record was May 2021 of $582,000.
- (Attached) $381,250 represents the highest amount on record. The previous record was May 2021 of $380,000.
CLOSE PRICE — AVERAGE
- (Residential) $624,903 represents the highest July on record. The previous record was 2020 of $536,871.
- (Detached) $699,795 represents the highest July on record. The previous record was 2020 of $596,876.
- (Attached) $442,949 represents the highest July on record. The previous record was 2020 of $384,373.
DAYS IN MLS — MEDIAN
- (Residential) 4 days represents a tie (March through June 2021) for the lowest number on record. The previous low was 5 days 11 other times.
- (Detached) 4 days represents a tie (February through June 2021) for the lowest number on record. The previous low was 5 days 6 other times.
- (Attached) 4 days represents a tie (April through June 2021 & April 2015) for the lowest number on record. The previous low was 5 days 17 other times.
DAYS IN MLS — AVERAGE
- (Residential) 9 days represents the lowest number on record. The previous low was last month at 10 days.
- (Detached) 8 days represents a tie (May & June 2021) for the lowest number on record. The previous low was April 2021 at 10 days.
- (Attached) 12 days represents the lowest number on record. The previous low was June 2021 at 13 days.
MONTHS OF INVENTORY (MOI)
- (Residential) 0.70 months represents the lowest July on record. The previous record of 0.97 was in 2020.
- (Detached) 0.70 months represents the lowest July on record. The previous record of 0.83 was in 2020.
- (Attached) 0.69 months represents the lowest July on record. The previous record of 1.07 was in 2014 and 2017.