MRED Blog

REinventing MLS

Listings under contract rise, surpass 2020 levels

MRED’s marketplace saw a 16% week-over-week increase in residential listings going under contract. The 4,566 contracts from July 12-19 also edged out the total from the same period in 2020.

See more in MRED’s Weekly Market Snapshot.

New listings spike, fall short of 2020 levels

New listings in MRED’s marketplace rose by 25% week-over-week following the holiday. The 7,978 new listings from July 5-12 was a 9% decrease compared to the same period in 2020.

Learn more in MRED’s Weekly Market Snapshot.

Marketplace sets weekly closed listing record

Last week saw the most listings close in MRED’s marketplace in a single week in more than two years. The 4,529 closed listings was also a 36% week-over-week jump and an 18% annual increase.

Get all the details in MRED’s Weekly Market Snapshot.

Open house weekly total reaches 2021 high point

A 38% week-over-week increase in MRED marketplace open houses pushed the weekly total to 3,318 open houses. This tally is the most open houses in a single week since the beginning of 2021.

See more in MRED’s Weekly Market Snapshot.

Spring ends with continued rise in active listings

The final week of spring marked the third consecutive week of active listing increases in MRED’s marketplace. 61,025 total active listings were in connectMLS as the calendar flipped to summer, the first instance of 61,000+ active listings since December of 2020.

Learn more in MRED’s Weekly Market Snapshot.

Residential median sales price soars past $300k

Median prices soared in the first week of June to the highest levels in MRED history. The six percent week-over-week surge pushed the median price for a home to $310,000.

See more market data in MRED’s Weekly Market Snapshot.