MRED Blog

REinventing MLS

Sales prices outpacing 2019 numbers as demand remains high

The median sales price of a residential listing in MRED’s network remained at $260,000 for the third consecutive week. This is a 16% year-over-year increase that bucks a trend from 2019 in which median sales prices began to decrease in August and September.

This year’s steadiness is despite a third-straight week of declines in residential listings under contract, although 2020’s numbers have outpaced 2019 in this category for nearly four months.

Learn more about the market, including data on open houses and rentals with MRED’s Weekly Market Report. Click here to access the report.

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