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Contracts post 12 percent weekly gain, MRED data shows
July 14, 2020Posted by on
Homes under contract for the week ending July 13 increased 12 percent over the previous week and posted a 67 percent annual increase, according to MRED’s Weekly Market Snapshot. Other findings include:
- New listings rose 25 percent on a week-to-week basis, just slightly off of 2019 levels for the same week.
- Median prices were essentially flat on an annual basis, rising just one percent for the same week last year.
MRED tracks key real estate metrics from across its 16-association service area in the Weekly Market Snapshot. Find the report here.