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Home prices see uptick in MRED marketplace
October 20, 2020Posted by on
The median residential sales price in MRED’s service area reached its highest mark in a month for the week ending Oct. 18. At $260,000, the median price was a 2.8% week-over-week increase and topped 2019’s price for the same week by 13.9%.
This indicator of a stronger fall market was accompanied by annual increases in closed listings. While new listings and listings under contract both saw week-over-week decreases, each total remained ahead of 2019’s numbers.