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MRED Blog
REinventing MLS
Category Archives: Uncategorized
Listings under contract up weekly, down annually
Posted by on June 14, 2022
Listings under contract in MRED’s marketplace inched up on a week-over-week basis while still falling short of 2020 levels. The 6% weekly increase accompanied a 13% annual decline. It was the 16th straight week of year-over-year decrease.
Median sales price jumps to all-time high
Posted by on June 7, 2022
MRED’s residential marketplace saw a 9% weekly and 5% annual jump in median sales price. This spike led to MRED’s largest recorded median sales price.
- Median sales price last week: $300,000
- Median sales price this week: $327,000
- Median sales price during same period last year : $310,000
Median sales price up on weekly, annual basis
Posted by on May 24, 2022
MRED’s residential marketplace saw week-over-week and year-over-year median sales price increases. The third week of May registered a median sales price of $310,000, a 3% weekly bump and a 7% annual spike.
- Median sales price last week: $300,000
- Median sales price this week: $310,000
- Median sales price during same period last year : $288,500
Open house totals reach seven-month high
Posted by on May 17, 2022
The total number of open houses in MRED’s marketplace during the last week jumped 57% compared to the previous week. That spike led to the most open houses in a single week since September:
- Open houses last week: 1,896
- Open houses this week: 2,975
- Open houses during same period last year : 2,944
New listings reach highest point this year, but just barely
Posted by on May 10, 2022
This week, the number of new residential listings in MRED’s marketplace eked out a new high for 2022:
- New listings this week: 6,555
- New listings last week: 6,554
- Year-over-year change: -16%
Downshift in residential closed listings extends into May
Posted by on May 3, 2022
Despite a 29% week-over-week increase in closed listings among MRED’s marketplace, this week’s residential closed listings continue to be significantly lower than last year:
- Total annual closed listings as of this week: 3,246
- Total annual closed listings as of last week: 2,515
- Total annual closed listings as of this week last year: 4,506
- Week-over-week change: +29%
- Year-over-year change: -28%
