MRED Blog

REinventing MLS

New listing numbers approach pre-holiday levels

A total of 4,006 new residential listings entered MRED’s marketplace last week. That 54% weekly increase nearly brought the total to pre-Thanksgiving levels and was less than a 5% dip compared to the same week in 2020.

See more in MRED’s Weekly Market Snapshot.

Thanksgiving week brings market slowdown

The holiday week brought predictable dips across major indicators in MRED’s marketplace. Closed listings, new listings, open houses and listings under contract were all significantly down week-over-week. Median residential sales price actually increased by half a percentage point weekly and 16% annually. 

Get the whole picture in MRED’s Weekly Market Snapshot.

Pre-holiday surge results in closed listings spike

The last full week before Thanksgiving produced a 32% week-over-week bump in closed listings in MRED’s marketplace, resulting in 3,000 total closed listings. While that mark is a 15% annual dip, 2021’s weekly bump outpaced 2020 by 5%.

See more in MRED’s Weekly Market Snapshot.

Closed listings fall to lowest point in two months

The 2,267 closed residential listings in MRED’s marketplace last week was the lowest single-week total since early September. The 14% week-over-week decrease also resulted in a 19% annual dip, the 19th week in a row in which 2020’s closed listings outpaced the current year.

Learn more in MRED’s Weekly Market Snapshot.

MRED market registers median sales price high

The median sales price of residential listings in MRED’s marketplace last week reached $278,000, the highest point since early September. The two percent week-over-week increase in median sales price also accompanied a 10 percent annual bump.

See the trends in MRED’s Weekly Market Snapshot.

Residential sold price falls, still outpaces 2020

The median residential sales price in MRED’s marketplace fell 1% on a week-over-week basis during the final week of October. Despite the weekly decrease, prices are still are up 5% on an annual basis for the same week last year in MRED’s markets.

Get the full picture in MRED’s Weekly Market Snapshot.

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