Digging Deeper: January 2021 Records

January 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) 2,316 represents the lowest inventory on record. The previous low was December 2020 of 2,541.
  • (Detached) 1,263 represents the lowest inventory on record. The previous low was December 2020 of 1,316.

CLOSE PRICE — MEDIAN

  • (Residential) $457,000 represents the highest January on record. The previous record was in 2019 of $420,000.
  • (Detached) $510,000 represents the highest January on record. The previous record was in 2019 of $459,950.
  • (Attached) $339,000 represents the highest amount on record. The previous record was in October 2020 of $337,000.

CLOSE PRICE — AVERAGE

  • (Residential) $550,425 represents the highest January on record. The previous record was in 2019 of $475,689.
  • (Detached) $629,159 represents the highest amount on record. The previous record was in October 2020 of $622,990.
  • (Attached) $397,792 represents the highest amount on record. The previous record was in October 2020 of $391,259.

DAYS IN MLS — MEDIAN

  • (Residential) 6 days represents the lowest January on record. The previous low was set 9 different times between 2015 to 2020 at 5 days.
  • (Detached) 5 days represents a tie of the lowest number on record. We have seen 5 days 5 time before.

DAYS IN MLS — AVERAGE

  • (Residential) 27 days represents the lowest January on record. The previous low was in 2016, 2017, & 2018 of 35 days.
  • (Detached) 22 days represents the lowest January on record. The previous low was in 2018 of 37 days.
  • (Attached)  35 Days represents the lowest January on record. The previous low was in 2017 of 25 days.

MONTHS OF INVENTORY (MOI)

  • (Residential) 0.77 months represents the lowest January on record. The previous record low was in 2016 with 1.23 months.
  • (Detached) 0.63 months represents the lowest January on record. The previous record was in 2017 with 1.27 months.
  • (Attached) 1.03 months represents a tie with 2016 for the lowest January on record.

PENDING

  • (Attached) 1,578 pending transactions represent the highest January on record. The previous high was in 2020 of 1,457.

Download the Report 

Share

Recent Articles