New listings, sold prices increase as closed listings drop
August wrapped up as a month of year-over-year increases in new listings each week, while listings under contract beat their 2019 totals for the 13th week in a row.
Sold prices in 2020 rose 12% compared to the same period in 2019, continuing two straight months of annual increase following the COVID-19 lull. Closed listings dipped year over year for the first time in six weeks and weekly for the first time in three weeks.
Learn more about the market, including data on open houses and rentals with MRED’s Weekly Market Report. Click here to access the report.