Digging Deeper: September 2021 Records
September 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) 3,971 represents the lowest September on record. The previous low was in 2020 with 5,301 active listings.
- (Detached) 2,803 represents the lowest September on record. The previous low was in 2020 with 3,041 active listings.
- (Attached) 1,168 represents the lowest September on record. The previous low was in 2014 with 1,401 active listings.
CLOSE PRICE — MEDIAN
- (Residential) $530,000 represents the highest September on record. The previous record was 2020 of $460,000.
- (Detached) $575,000 represents the highest September on record. The previous record was 2020 of $510,000.
- (Attached) $380,000 represents a tie for the highest amount on record. The previous records were May & July 2021 of $380,000.
CLOSE PRICE — AVERAGE
- (Residential) $618,293 represents the highest September on record. The previous record was 2020 of $537,153.
- (Detached) $688,629 represents the highest September on record. The previous record was 2020 of $597,867.
- (Attached) $446,800 represents the highest amount on record. The previous record was May 2021 of $446,415.
DAYS IN MLS — MEDIAN
- (Residential) 5 days represents the lowest September on record. The previous record low was 2020 at 6 days.
- (Detached) 5 days represents the lowest September on record. The previous record low was 2020 at 6 days.
- (Attached) 5 days represents the lowest September on record. The previous record low was 2015 and 2016 at 7 days.
DAYS IN MLS — AVERAGE
- (Residential) 13 days represents the lowest September on record. The previous record low was 2015 at 22 days.
- (Detached) 13 days represents the lowest September on record. The previous record low was 2020 at 22 days.
- (Attached) 15 days represents the lowest September on record. The previous record low was 2015 at 17 days.
MONTHS OF INVENTORY (MOI)
- (Residential) 0.76 months represents the lowest September on record. The previous record of 0.91 was in 2020.
- (Attached) 0.77 months represents the lowest September on record. The previous record of 0.92 was 2015.