MRED Blog

REinventing MLS . . .

Monthly Archives: October 2013

MRED Reports Third Quarter Monster Numbers

Analysis of Third Quarter Numbers Shows a Mixed Bag of Treats

LISLE, ILLINOIS (October 31, 2013) – Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), reported today that its analysis of recent  transaction data for 2013 uncovered some notable metrics.  While it is no secret that this year has produced a remarkable volume of real estate business, there were significant productivity shifts for offices, brokers and agents in MRED’s marketplace.

The third quarter numbers included:

–       over 75,000 closed transaction sides, more than double the amount from the first quarter of 2012;

–       over 3,500 producing offices averaged over 21 transaction sides;

–       producing agents averaged almost 4-1/2 transaction sides, down from the previous quarter’s average of 5-1/2;

–       an increase of 1,200 agents, yet over 4,000 more agents closed transactions than did in the 2nd quarter;

–       a year-over-year transaction side increase of almost 18,000, a 31% increase;

–       17,112  producing agents had transaction sides , up 30% over the 2nd quarter; and

–       14 individual agents who closed over 100 transaction sides – just in the third quarter!

Comparing the 2013 year-to-date figures to the same period a year ago shows that:

–       there has been a 28% increase in transaction sides; and

–       the average number of sides per producing office increased 24%.

“This September’s slowdown was typical for this time of year, even though it was the best September since 2006,” said MRED CEO Russ Bergeron.  “The big difference is that more people are becoming actively engaged. What may seem like a major slowdown is actually a flattening of the curve. We have more agents in the marketplace with a higher percentage of them completing transactions. It only seems like there’s less candy in each bag this Halloween.”

About MRED

Midwest Real Estate Data (MRED) is the real estate data aggregator and distributor providing the Chicagoland multiple listing service (MLS) to nearly 40,000 brokers and appraisers and 8,000 offices.  MRED serves Chicago and the surrounding “collar” counties and provides property information encompassing northern Illinois, southern Wisconsin and northwest Indiana.  MRED delivers over twenty products and services to its customers, complementing connectMLS™, the top-rated MLS system in the country per the latest WAV Group MLS Technology Survey.  MRED is the 2013 Inman News Most Innovative MLS/Real Estate Trade Association.  For more information please visit MREDLLC.com.

MRED Delivers Another Fall Classic

Two New Services and a Photo Enhancement Added to its Leading MLS System

LISLE, ILLINOIS (October 23, 2013) – Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), announced today that it has completed a major enhancement of the photo browser/upload functionality in its MLS system, while introducing two new products to its suite of services.  Just another typical month for one of the largest MLSs in the country.

MRED premiered a new Photo Manager in its connectMLS™ system.  A key feature allows users to take full advantage of the newest browser versions, including Internet Explorer 10 (IE 10), Firefox, Chrome, Safari, and Opera.  With this upgrade, it is now even easier to view, add, and edit photo titles and captions, while also simplifying the reordering and repositioning of listing photos.  New advanced features support photo editing for brightness, contrast and cropping. The new photo management capabilities work on most mobile devices for the Realtor® on the go.

MRED has also introduced a way for its customers to become television stars.  Well, at least their listings.  Realtor.com and MRED have launched a Real Estate channel in the Chicago area.  In collaboration with the Home Tour Network, this interactive On Demand channel shows virtual tours of home listings in the Chicago area on Comcast Cable Searchlight (channel number 888).  For additional information and to guarantee listings get placed on the network, MRED customers should visit the realtor.com TV product page on MREDLLC.com.

One of MRED’s more popular products, The Thing – an interactive statistical package – has been upgraded.  Its newest version is called Infosparks, and takes interactive market analytics to the highest level yet.  Featuring compatibility with the iPad and other tablets, MRED real estate professionals can now choose multiple areas with more variables and expanded metrics.  Infosparks offers the ability to create customizable price ranges and place a live data widget on their own websites.  The classic version will remain within the Infosparks platform during the transition period.

“At MRED, we strive to be innovative in delivering services to our customers,” said MRED CEO Russ Bergeron.  “With nearly 40,000 demanding customers, our MLS has to be the best. The products and services we provide to complement connectMLS™ are always held to the highest possible standard.”

MRED goes three for three in October…

About MRED

Midwest Real Estate Data (MRED) is the real estate data aggregator and distributor providing the Chicagoland multiple listing service (MLS) to nearly 40,000 brokers and appraisers and 8,000 offices.  MRED serves Chicago and the surrounding “collar” counties and provides property information encompassing northern Illinois, southern Wisconsin and northwest Indiana.  MRED delivers over twenty products and services to its customers, complementing connectMLS™, the top-rated MLS system in the country per the latest WAV Group MLS Technology Survey.  MRED is the 2013 Inman News Most Innovative MLS/Real Estate Trade Association.  For more information please visit MREDLLC.com.

MRED Real Estate Brokers Partying Like It’s 2007

MRED Reports 2013 Sales Dollar Volume Largest in Six Years

LISLE, ILLINOIS (October 22, 2013) – Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS), reported today that in both dollar volume and total transactions, 2013 is already the best calendar year in area real estate since 2007.

To date MRED sold real estate volume for 2013 totals over $24 billion resulting from nearly 103,000 closed transactions, surpassing all of 2012.  MRED has not seen dollar or transaction volumes like this since 2007.

Chicago and the surrounding nine counties have experienced double-digit percentage gains from a year ago.  The Chicagoland area has seen eight months of year-over year sales and median price gains.  All indicators point in the same direction: a strong housing market.

“This confirms what we all already had a good sense of – real estate is back,” said MRED CEO Russ Bergeron.  “The numbers don’t lie.  Not only are Realtors® busier than they’ve been in years, sellers are benefiting from the hotter market with increased home values.  Assuming nothing takes our economy wildly off track, I see nothing but a very positive future for those in the real estate industry and those who own real estate.”

About MRED

Midwest Real Estate Data (MRED) is the real estate data aggregator and distributor providing the Chicagoland multiple listing service (MLS) to nearly 40,000 brokers and appraisers and 8,000 offices.  MRED serves Chicago and the surrounding “collar” counties and provides property information encompassing northern Illinois, southern Wisconsin and northwest Indiana.  MRED delivers over twenty products and services to its customers, complementing connectMLS™, the top-rated MLS system in the country per the latest WAV Group MLS Technology Survey.  MRED is the 2013 Inman News Most Innovative MLS/Real Estate Trade Association.  For more information please visit MREDLLC.com

New connectMLS Photo Manager

Introducing the new connectMLSTM Photo Manager
with Advanced Photo Edit Capabilities

  • Photo management in connectMLSTM has been enhanced with some powerful features that take full advantage of modern browsers, including Internet Explorer 10 (IE 10), Firefox, Chrome, Safari and Opera
  • This new photo management capability also works on most mobile devices
  • It’s now easier to view, add, and edit photo titles and captions
  • There are new ways to reorder/reposition photos
  • You can correct and perfect photos with Advanced Editing features

Take a couple of minutes and review the release notes to learn more about this new functionality

photobrowser

 

Any questions? You can always contact the MRED Help Desk at 630-955-2755 or help.desk@mredllc.com

NAR’s Projections through 2014 [Infographic]

2014 Projections BlogSize

Infographic via KCM Blog

Top 4 Most Common Pricing Mistakes

car infographic

Infographic via California Association of REALTORS®