MRED Blog

REinventing MLS

Pre-holiday surge results in closed listings spike

The last full week before Thanksgiving produced a 32% week-over-week bump in closed listings in MRED’s marketplace, resulting in 3,000 total closed listings. While that mark is a 15% annual dip, 2021’s weekly bump outpaced 2020 by 5%.

See more in MRED’s Weekly Market Snapshot.

Closed listings fall to lowest point in two months

The 2,267 closed residential listings in MRED’s marketplace last week was the lowest single-week total since early September. The 14% week-over-week decrease also resulted in a 19% annual dip, the 19th week in a row in which 2020’s closed listings outpaced the current year.

Learn more in MRED’s Weekly Market Snapshot.

MRED market registers median sales price high

The median sales price of residential listings in MRED’s marketplace last week reached $278,000, the highest point since early September. The two percent week-over-week increase in median sales price also accompanied a 10 percent annual bump.

See the trends in MRED’s Weekly Market Snapshot.

Residential sold price falls, still outpaces 2020

The median residential sales price in MRED’s marketplace fell 1% on a week-over-week basis during the final week of October. Despite the weekly decrease, prices are still are up 5% on an annual basis for the same week last year in MRED’s markets.

Get the full picture in MRED’s Weekly Market Snapshot.

New listings increase for first time in six weeks

MRED’s marketplace saw 5,574 new residential listings entered during the week of Oct. 18. This was a 5% week-over-week bump and the first time since early September that this key market indicator increased.

See the trends in MRED’s Weekly Market Snapshot.

Active listings hit six-month low

As temperatures cool off, so is the residential housing inventory. Active listings in MRED’s market have declined for the third straight week. On October 18, 56,770 active listings in connectMLS were the lowest total listings since April 12.

See more in MRED’s Weekly Market Snapshot.

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