MRED Blog

MRED’s residential marketplace opened the first week of May with 6,017 new listings. That marked a 27% week-over-week increase compared to an 11% annual decline. It was the first time in nine months that a week had more than 6,000 new residential listings hit the market.

See the full weekly market snapshot.

The final week of April saw a major increase in MRED marketplace residential median sales price. The $310,000 mark in that metric was a 6% week-over-week jump and a 3% annual bump. That is the largest single-week total since July of 2022.

See the fully market snapshot.

MRED’s residential marketplace saw a 6% week-over-week increase in listings under contract during the last full week of April. That bump was enough to give the current year weekly contract total a 1% edge over the same span from 2022. It was the first time time since February of 2022 the current year weekly contract total outpaced the previous year’s.

Click here to see the full snapshot.

Last week, 5,732 new residential listings were entered into connectMLS. That mark was the largest single-week total since August. The week-over-week jump in that metric was 29%, while the year-over-year change was less than one percent, the narrowest annual gap in three months.

See the full weekly market snapshot.

The total number of residential listings that went under contract in MRED’s marketplace last week was 3,045. That was a 3% week-over-week increase, putting an end to two consecutive weeks of decline.

See the full weekly market snapshot.

The median sales price in MRED’s residential marketplace increased 2% week-over-week to kick off the month of April. That jump to $295,000 didn’t reach 2022’s total of $300,000 during the same span, but it marked the largest single-week total since August of last year.

Click here to see the full weekly market snapshot.