MRED Blog

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.

Click here to see the full weekly market snapshot.

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.

Check out the full Weekly Market Snapshot.

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.

See the full snapshot.

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.

Click here to see the Weekly Market Snapshot.

The final week of August saw the first week-over-week increase in open houses since early July. The 2,856 open houses marked a 6% weekly increase as new listings also rose 1% week-over-week.

Click here to see more stats.

Nearly all metrics in the Weekly Market Snapshot saw weekly declines. Listings under contract showed the largest dip with a 7% week-over-week drop. The 3,185 contracts last week was the lowest since early July and second-lowest since February.

See the Weekly Market Snapshot.