Digging Deeper: January 2022 Records

January 2022 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) 1,184 represents the lowest amount on record. The previous low was in December 2021 with 1,477 active listings.
  • (Detached) 788 represents the lowest amount on record. The previous low was in December 2021 with 968 active listings.
  • (Attached) 396 represents the lowest amount on record. The previous low was in December 2021 with 509 active listings.

CLOSE PRICE — MEDIAN

  • (Residential) $540,000 represents the highest January on record. The previous record was 2021 of $455,000.
  • (Detached) $595,000 represents the highest January on record. The previous record was 2021 of $509,450.
  • (Attached) $400,000 represents the highest number on record. The previous record was November 2021 of $389,000.

CLOSE PRICE — AVERAGE

  • (Residential) $609,132 represents the highest January on record. The previous record was 2021 of $547,757.
  • (Detached) $689,711 represents the highest January on record. The previous record was 2021 of $626,895.
  • (Attached) $450,244 represents the highest number on record. The previous record was May 2021 of $446,415.

DAYS IN MLS — MEDIAN

  • (Residential) 5 days represents the lowest January on record. The previous record low was 2021 at 6 days.
  • (Detached) 5 days represents a tie for the lowest January on record. The previous record low was 2021 at 5 days.
  • (Attached) 5 days represents the lowest January on record. The previous record low was 2015, 2017, and 2018 at 9 days.

DAYS IN MLS — AVERAGE

  • (Residential) 20 days represents the lowest January on record. The previous record low was 2021 at 27 days.
  • (Detached) 19 days represents the lowest January on record. The previous record low was 2021 at 22 days. 
  • (Attached) 22 days represents the lowest January on record. The previous record low was 2017 at 25 days.

MONTHS OF INVENTORY (MOI)

  • (Residential) 0.42 months represents the lowest January on record. The previous records of 0.77 was in 2021.
  • (Detached) 0.42 months represents the lowest January on record. The previous record of 0.63 was in 2021.
  • (Attached) 0.41 months represents the lowest January on record. The previous record of 1.03 was in 2016 and 2021.

NUMBER OF NEW LISTINGS

  • (Residential) 3,479 new listings represents the lowest January on record. The previous record low was 2015 at 3,753 new listings.
  • (Detached) 2,378 new listings represents the lowest January on record. The previous record low was 2017 at 2,648 new listings.

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