Digging Deeper: May 2021 Records

May 2021 was yet another record-breaking month. In this report, the DMAR Market Trends Committee examined the various records broken in this month.

June 2, 2021

ACTIVE LISTINGS

(Residential) 2,075 represents the lowest May on record. The previous low was in 2016 with 5,463 active listings.
(Detached) 1,336 represents the lowest May on record. The previous record low was in 2016 with 4,319 active listings.
(Attached) 739 represents the lowest amount on record. The previous low was in February 2015 with 741 active listings.

CLOSE PRICE — MEDIAN

(Residential) $540,000 represents the highest amount on record. The previous record was April 2021 of $525,000.
(Detached) $595,000 represents the highest amount on record. The previous record was April 2021 of $582,000.
(Attached) $380,000 represents the highest amount on record. The previous record was April 2021 of $375,000.

CLOSE PRICE — AVERAGE

(Residential) $623,279 represents the highest amount on record. The previous record was April 2021 of $620,790.
(Detached) $700,559 represents the highest amount on record. The previous record was April 2021 of $696,203.
(Attached) $449,317 represents the highest amount on record. The previous record was April 2021 of $440,549.

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 and April of 2021.
(Attached) 4 days represents a tie for the lowest number on record. The previous low of 4 was set April 2015 and 2021.

DAYS IN MLS — AVERAGE

(Residential) 11 days represents the lowest number on record. The previous low was last month at 13 days.
(Detached) 8 days represents the lowest number on record. The previous low was last month at 10 days.

MONTHS OF INVENTORY (MOI)

(Residential) 0.39 months represents a tie for the lowest number on record. The previous record of 0.39 was March of 2021.
(Detached) 0.36 months represents the lowest May on record. The previous record low was 2017 with 1.06 months.
(Attached) 0.45 months represents the lowest number on record. The previous record low was March 2021 of 0.49 months.