MRED Blog

Last week saw an 8% week-over-week increase in new listings across MRED’s marketplace. This bump brought on the second-most new listings in a single week since the new year began. The 5,868 new listings fell 7% short of that metric in the same span from the previous year.

Learn more in our Weekly Market Snapshot.

What is the connectMLS clone drafts feature? 

This is an update in connectMLS that helps you save time while creating new listings by auto-populating fields using information you inputted in previous listings as well as drafts of listings. Here’s how it looks on the first page of “Add New Listing”: 

When can you use the clone listings feature? 

You can select the clone listings option when you have already inputted data for a specific address and saved it as a draft or previously had the same property listed on the MLS. 

Why would you use the clone listing feature? 

If you’ve ever created a listing and then had to start over because you used the wrong listing or property type, this feature is for you. You can also use it whenever you’re creating a new listing for any address that has been previously listed on the MLS. If you’re listing several apartment units in separate listings, you can also use this feature to auto-populate the information you already typed in for previous apartment units! This is also a helpful feature for reverse prospecting at different price points for a listing.

The feature fills all the fields you previously completed for a specific property, regardless of the listing or property type you initially selected. When you create a new listing, you can select the correct property and listing type, then select “Auto-populate from MLS data (clone)” to bring in all the fields you already filled out. 

Head over to connectMLS to try it out for yourself!

MRED congratulates MRED Board of Managers member Tommy Choi on being named treasurer nominee for Illinois REALTORS® at the state association’s Capitol Conference in Springfield this week.

If approved by Illinois REALTORS® Board this fall, Choi would become president of the state association in 2024-25.

Choi co-founded the Weinberg Choi Residential team in 2007 and served as the 135th president of the Chicago Association of REALTORS®. He has previously held numerous committee positions with Illinois REALTORS® and was the chair of the National Association of REALTORS® YPN Advisory Board. In 2021, he served as NAR’s vice president of association affairs.

Choi (Keller Williams ONEChicago), began his first term on MRED’s Board in 2021.

More than 41,000 active listings were available across MRED’s marketplace during the final full week of March, the most since mid December. The 1% week-over-week increase continued the gradual rise leading up to spring market.

See what’s happening in our Weekly Market Snapshot.

You can also view a new in-depth Weekly Market Activity report from InfoSparks! Go to InfoSparks in the “Tools, Resources & Links” section of connectMLS, select Reports at the top of the page and click “Weekly Market Activity Report” to view it.

The median sales price for residential listings in MRED’s marketplace reached the highest weekly level since August. A 4% weekly increase and 5% annual bump pushed median prices to $295,000.
See all the trends in our Weekly Market Snapshot.

Residential listings under contract in MRED’s marketplace saw a 4% week-over-week increase. The 3,827 contracts is the most in a single week since November but a 13% annual decline.

Get the whole picture in our Weekly Market Snapshot.