Contracts post 12 percent weekly gain, MRED data shows
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.