Contracts see second week of decreases; still outpacing 2019
Future-facing indicators recorded declines in MRED’s marketplace with fall just a couple weeks away. Open houses saw a 31% decrease from the previous week following two months of stability. Listings under contract fell for the second consecutive week despite more than three months of continued year over year increases, including a 72% annual bump for the week ending in Sept. 7.
Even with the cooldown, MRED’s market still saw increases in key areas, including the largest annual increase of 2020 in closed listings, a 71% increase compared to the same period from 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.