Digging Deeper: August 2021 Records

August 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) 3,582 represents the lowest August on record. The previous low was in 2020 with 5,496 active listings.
  • (Detached) 2,496 represents the lowest August on record. The previous low was in 2020 with 3,305 active listings.
  • (Attached) 1,113 represents the lowest August on record. The previous low was in 2015 with 1,449 active Listings.

CLOSE PRICE — MEDIAN

  • (Residential) $535,000 represents the highest August on record. The previous record was 2020 of $460,000.
  • (Detached) $581,000 represents the highest August on record. The previous record was 2020 of $507,750. 
  • (Attached) $375,000 represents the highest amount on record. The previous record was May 2021 of $325,000.

CLOSE PRICE — AVERAGE

  • (Residential) $614,577 represents the highest August on record. The previous record was 2020 of $538,035.
  • (Detached) $687,768 represents the highest August on record. The previous record was 2020 of $601,944.
  • (Attached) $437,655 represents the highest August on record. The previous record was 2020 of $376,231.

DAYS IN MLS — MEDIAN

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

DAYS IN MLS — AVERAGE

  • (Residential) 11 days represents the lowest August on record. The previous record low was 2015 at 19 days.
  • (Detached) 10 days represents the lowest August on record. The previous record low was 2015 at 21 days.
  • (Attached) 14 days represents the lowest August on record. The previous record low was 2015 at 15 days.

MONTHS OF INVENTORY (MOI)

  • (Residential) 0.64 months represents the lowest August on record. The previous record of 0.92 was in 2020.
  • (Detached) 0.62 months represents the lowest August on record. The previous record of 0.77 was in 2020.  
  • (Attached) 0.68 months represents the lowest August on record. The previous record of 0.88 was in 2015.

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