MRED Blog

REinventing MLS

Closings, contracts on the rise in first week of August, data show

Leave a comment Posted by on August 11, 2020

MRED’s Weekly Market Snapshot showed market strength in a time when the real estate selling season usually begins winding down. The data from across MRED’s markets showed:

  • Sales in the first week of August were up 26 percent on an annual basis.
  • Contracts, often seen as a forward-looking indicator of how the market might perform, soared 66 percent over last year’s numbers.
  • Median home prices rose 7.2 percent from the same week last year. Median prices have increased year over year for eight weeks in a row.

Learn more about the real estate industry with the Weekly Market Snapshot, released each Tuesday. Click here to view the report.

Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Google photo

You are commenting using your Google account. ( Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

Cancel

Connecting to %s