Digging Deeper: October 2021 Records

October 2021 was yet another record-breaking month. Although no all-time records were broken, we still saw many October records set this year. In this report, the DMAR Market Trends Committee examined the various records broken in this month.

ACTIVE LISTINGS

  • (Residential) 3,376 represents the lowest October on record. The previous low was in 2020 with 4,821 active listings.
  • (Detached) 2,351 represents the lowest October on record. The previous low was in 2020 with 3,643 active listings.
  • (Attached) 1,025 represents the lowest October on record. The previous low was in 2014 with 1,311 active listings.

CLOSE PRICE — MEDIAN

  • (Residential) $535,000 represents the highest October on record. The previous record was 2020 of $473,455.
  • (Detached) $585,000 represents the highest October on record. The previous record was 2020 of $515,000.
  • (Attached) $375,000 represents the highest October on record. The previous record was 2020 of $335,000.

CLOSE PRICE — AVERAGE

  • (Residential) $612,719 represents the highest October on record. The previous record was 2020 of $559,424.
  • (Detached) $684,700 represents the highest October on record. The previous record was 2020 of $622,902.
  • (Attached) $440,560 represents the highest October on record. The previous record was 2020 of $3990,670.

DAYS IN MLS — MEDIAN

  • (Residential) 5 days represents the lowest October on record. The previous record low was 2020 at 6 days.
  • (Detached) 5 days represents the lowest October on record. The previous record low was 2020 at 6 days.
  • (Attached) 5 days represents the lowest October on record. The previous record low was 2015 and 2016 at 7 days.

DAYS IN MLS — AVERAGE

  • (Residential) 14 days represents the lowest October on record. The previous record low was 2020 at 24 days.
  • (Detached) 14 days represents the lowest October on record. The previous record low was 2020 at 23 days.
  • (Attached) 15 days represents the lowest October on record. The previous record low was 2016 at 19 days.

MONTHS OF INVENTORY (MOI)

  • (Residential) 0.65 months represents the lowest October on record. The previous record of 0.81 was in 2020.
  • (Attached) 0.67 months represents the lowest October on record. The previous record of 0.93 was 2014.

 

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