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.

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