MRED Blog

The total number of residential listings that went under contract in MRED’s marketplace last week was 3,045. That was a 3% week-over-week increase, putting an end to two consecutive weeks of decline.

See the full weekly market snapshot.

The median sales price in MRED’s residential marketplace increased 2% week-over-week to kick off the month of April. That jump to $295,000 didn’t reach 2022’s total of $300,000 during the same span, but it marked the largest single-week total since August of last year.

Click here to see the full weekly market snapshot.

The week-over-week jump in total active residential listings was a half percent last week. It was the ninth increase in 12 weeks and marked the largest single-week total since mid December.

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Following a major increase to start the month, new residential listings in MRED’s marketplace dipped for the second straight week. Last week’s 4,465 new listings marked a 2% week-over-week decrease and a 23% year-over-year decline.

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Contacts in MRED’s residential marketplace notched a week-over-week increase for the second straight week. The 3,053 listings that went under contract last week marked only the second time since early September that metric eclipsed 3,000.

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MRED’s residential marketplace saw a 108% week-over-week spike in closed residential listings during the first week of March. Start-of-month increases are typical, but this jump led to the largest single-week closed listing total since early October.

See the fully weekly market snapshot.