MRED Blog

REinventing MLS

connectMLS inventory reached five-month low

The total number of active and temporary listings in MRED’s database reached its lowest point since mid-June during the past week. This mark was the culmination of the fourth straight week of declines in connectMLS inventory as the market appears to be entering its annual cool down. Other indications of this included a 29% week-over-week drop in closed listings and a 5% week-over-week dip in listings under contract, although both of these numbers bested their 2019 counterparts.

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