REinventing MLS

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Residential contracts reach 11-week high

A total of 2,451 residential listings went under contract in MRED’s marketplace last week. That total marked a 62% week-over-week jump while reaching the largest single-week total since late October. It was the second consecutive week of increase in that metric.

See the weekly snapshot.

Open houses open back up

The first full week of 2023 saw the typical post-holiday increase in several key market indicators. One of the largest jumps came from residential open houses, which experienced a 634% week-over-week bump.

See the full Weekly Market Snapshot.

Weekly Snapshot: New year, new listings increase

New residential listings in MRED’s marketplace began to increase as the calendar flipped to 2023. Last week’s 2,288 new listings marked a 35% week-over-week increase while falling 8% short of the same key market indicator during the same span last year.

Click here to see the full snapshot.

Residential median sales price increases

The median residential sales price in MRED’s marketplace increased 2% on a week-over-week basis during the Dec. 12 to Dec. 19 period. That same span also marked a 2% annual decrease heading into the final full week of 2022.

Read the full weekly snapshot.

Residential contracts see second weekly jump

Contracts in MRED’s residential marketplace increased by 9% on a week-over-week basis during December’s first full week. It was the second week in a row that contracts increased after a holiday decline. Despite the rebound, this total still fell 27% short of the total from the same span in 2021.

Transactions, MLS-Connect added as connectMLS integrations

We’re excited to announce that Lone Wolf Transactions (zipForm Edition) and MLS-Connect have now been integrated into connectMLS!

Transactions (zipForm Edition) is a leading transaction solution offering digital forms, MLS and eSignature integration and compliance tools.

Whether you’re new to Transactions or a seasoned professional, it will help you start fast, work smart, and amaze your clients with an unforgettable experience.

MLS-Connect automatically fills out your forms, saving you the hassle of manually entering all your listing details. This alleviates data entry errors and saves time during the transaction creation process. You can also easily import or push data from your MLS listings into Transactions (zipForm Edition) to fill out forms faster than ever.

These integrations, in addition to the existing integrations with dotloop and DocuSign, give you more options to manage your business in the ways that work best for you.

To get started, go to “My Listings/Transactions” and select the desired property. Then click “Manage Transaction in…”, choose “Transactions (zipForm edition)” and click “Go”.

Please note that MRED does not provide Transactions (zipForm Edition) and MLS-Connect accounts. You must have an account to utilize these features.

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