REinventing MLS

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

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.

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