Winter market lull still beats 2019 numbers
MRED’s market continued to see week-over-week decreases in key indicators during the third week of November. A sharp decline in new listings occurred, dropping 16% compared to the previous week but edging out 2019’s total by 5%. Open houses also dropped 27% week over week, reaching their lowest point since Independence Day. Not every MRED market indicator showed week-over-week declines, however, as closed listings increased for the second straight week by 14% while topping 2019 by 24%.