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Market indicators remain strong as summer nears its end
August 25, 2020Posted by on
Nearly every metric in MRED’s market report showed weekly and year-over-year improvement. This encouraging trend included an 18% annual increase in closed listings, marking the fifth week in a row of year over year growth and the third consecutive week of gains in 2020.
New listings in MRED’s system remained steady, continuing its month-and-a-half-long streak of stability. August’s third week saw 16% improvement year over year for new listings, while listings under contract were up 75% compared to 2019.
Learn more about the market, including data on open houses and rentals with MRED’s Weekly Market Report. Click here to access the report.