REinventing MLS

Listings under contract at highest point since November

Nearly 3,500 residential listings in MRED’s marketplace went under contract last week. That total was a 56% week-over-week increase and 11% annual bump. It also marked the highest weekly total of listings under contract since the start of November.

Learn more in MRED’s Weekly Market Snapshot.

New MRED Board members for 2022 announced

The results of MRED’s Board of Managers elections were completed Dec. 14, with one incumbent member returning and five additional members joining the Board.

MRED’s Preferred Unit Owners (PUOs) nominate candidates to serve on MRED’s Board. PUOs belong to one of three categories (based on annual transaction count) and may vote on the nominees in their respective category. Additionally, two Board seats are reserved for REALTOR® association executives.

The recent Board electees were:

Category One

John Matthews – Baird & Warner

John Matthews is Baird & Warner’s senior vice president of residential sales. The 30-year industry veteran previously served on MRED’s Board of Managers from 2012 until 2020, serving time as the Board’s vice chair and chair. Matthews also has experience on the boards for the Mainstreet Organization of REALTORS® and the Chicago Association of REALTORS®.

Category Two

Rose Schlickman – Key Realty

Rose Schlickman has been the Sponsoring Broker of Key Realty since 2011 and has 17 combined years of real estate sales and management experience. Schlickman served as president of the Rockford Area REALTORS® and has served on numerous committees for the association.

Luigui Corral – RE/MAX American Dream

Luigui Corral owns two Chicagoland RE/MAX offices and runs an award-winning National Association of Hispanic Real Estate Professionals (NAHREP) Top 250 real estate team. Luigui is a past NAHREP Chicago president of and previously served on MRED’s Board of Managers in addition to serving on the Ethics Committee for the National Association of REALTORS®.

Category Three

Al Rossell – Jack Carpenter Organization

Al Rossell has more than 55 years of professional experience, and is owner of the Jack Carpenter Organization. A previous member of MRED’s Board of Managers, Rossell has served on Illinois REALTORS® committees and the Council of Multiple Listing Services (CMLS) Fair Housing Task Force.

Others serving on the Board are: Christopher De Santo, Realty Executives Legacy; Fran Broude, Compass; Jeff Gregory, Realty Executives Success; Lynn Madison, Lynn Madison Realtor®; Molly Ryan, Berkshire Hathaway HomeServices Chicago; Pradeep Shukla, RE/MAX Renaissance; Sue Miller, Coldwell Banker The Real Estate Group; Sue Wiskowski-Fair, Realty Executives Premier; Tommy Choi, Keller Williams ONEChicago.

Tina Franklin of the Kankakee-Iroquois-Ford Association of REALTORS® won the election for MRED’s CSA seat and Jeff Lasky of the North Shore-Barrington Association of REALTORS® will represent MRED’s parent, MLSNI, on MRED’s Board.

Art Carter of California Regional Multiple Listing Service and Northwest MLS President/CEO Tom Hurdelbrink are also Board strategic managers.

MRED would like to thank the Board’s outgoing members for their service:

  • Chad Gilbert, RE/MAX Suburban;
  • Ruth Hernandez, Coldwell Banker Residential
  • Royal Hartwig, Royal Family Real Estate
  • Heather Wiedrich, HomeTown Association of REALTORS®

Click here to learn more about MRED Preferred Unit Ownership.

New listings begin increase, fall short of 2021’s jump

New residential listings in MRED’s marketplace continued a predictable increase as we emerge from the holiday season. New listings registered a 31% week-over-week spike, but this bump still fell 23% short of the total from the same period last year.

See the trends in MRED’s Weekly Market Snapshot.

2022 brings closed listings increase

Closed listings in MRED’s marketplace saw a 2% week-over-week increase as the calendar flipped to 2022. The 2,415 residential closings was less than a 2% drop from the same period last year as the market emerges from the holiday season.

See more info in MRED’s Weekly Market Snapshot.

MRED marketplace new listings at lowest point since April

The final full week of 2021 registered the lowest weekly total of new listings since April. The 2,408 new listings in MRED’s marketplace were down 23% compared to the previous week. However, compared to 2020, it was less than a half percent decline, signaling typical seasonality.

See all the trends in MRED’s Weekly Market Snapshot.

Median sales price high reaches four-month high

The median sales price in MRED’s market registered a 1% week-over-week increase during the last seven days. The $281,000 mark was a 9% annual jump and the highest single-week total since late August.

See more information in MRED’s Weekly Market Snapshot.

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