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Residential sales price drops, still outpaces 2021 levels
October 18, 2022Posted by on
The median sales price in MRED’s residential marketplace was $274,900 last week, a 1% week-over-week decrease. That mark was the lowest total since mid February, but still bested last year’s total during the same span by 3%.
New listings reach nine-week high
October 11, 2022Posted by on
New residential listings in MRED’s marketplace registered a 3% week-over-week increase during October’s first full week. This bump marked the first time since mid July that new listing totals rose in two consecutive weeks. Last week’s total still fell short of last year’s mark during the same span by 8%.
Marketplace inventory hits four-month low
October 4, 2022Posted by on
A total of 47,431 listings were active in MRED’s marketplace last week. That total was a 2% week-over-week decrease and the lowest mark since early June. This comes just six weeks after the marketplace hit the high point of the year at 49,535 active listings.
Closed listings dip on weekly, annual basis
September 27, 2022Posted by on
The number of closed residential listings in MRED’s marketplace registered week-over-week and year-over-year declines during September’s final full week. A total of 2,118 listings closed last week, compared to 3,274 during the same span in 2021, a 35% drop. This number was also a 6% weekly decrease.
Closed listings approach low point of 2022
September 13, 2022Posted by on
The first full week of September saw fewer closed residential listings in MRED’s marketplace than any week since January. The 1,840 closings were a 42% week-over-week decrease and a 32% annual dip as fall approaches.
Median sales price reaches five-month low
September 7, 2022Posted by on
The median sales price in MRED’s marketplace fell 2% week-over-week, continuing a month without any increases in this indicator. The $285,000 median sales mark was a 2% annual increase, but the lowest in 2022 since early March.