Closed listings spike as other indicators cool
MRED’s market is showing mixed indicators as the calendar flips to November. Closed listings achieved their third-largest total since the beginning of May, reaching a 28% week-over-week increase while besting 2019’s totals by 20%. However, the sixth straight week of declines in new listings pushed 2020’s marks below 2019’s tally for the first time in two months. Listings under contract also dipped compared to last week and for the eighth time in 11 weeks, but still outpace 2019 by 36%.