MRED Blog

The first week of March saw 2,181 residential open houses across MRED’s marketplace. That total is a 14% weekly increase and the most in a single week since early November.

See the trends in our Weekly Market Snapshot.

The final week of February saw a 3% weekly increase in median residential sales prices across MRED’s marketplace. The rise to nearly $280,000 also marked a 6% annual bump.

See more in our Weekly Market Snapshot.

The week of Feb. 14 brought the largest total of new residential listings in MRED’s marketplace since early November. A 14% week-over-week increase in this key metric accompanied a 5% annual bump.

See the trends in the Weekly Market Snapshot.

The total number of active residential listings in connectMLS increased to 38,832 during the second week of February. That was a 1.6% week-over-week increase and marked the largest total of the year.

See all the details in the Weekly Market Snapshot.

Closed residential listings in MRED’s marketplace increased by 10% during the last week. That bump resulted in the first time in six weeks that the current year closed listing total was more than the previous year.

Learn more in our Weekly Market Snapshot.

Is now the right time to buy? The median residential sales price in MRED’s marketplace was $256,000 last week. It’s been nearly a full year since the key metric has dipped that low.

See the full picture in our Weekly Market Snapshot.