MRED Blog

REinventing MLS

Category Archives: Uncategorized

Closed listings mark nine-week high

MRED’s residential marketplace saw 2,369 listings close last week. Not only was that a 104% week-over-week increase from the previous holiday week, it was also the largest total since the start of October.

See the full Weekly Market Snapshot.

Holiday week continues year-end inventory dip

The Thanksgiving holiday brought about a predictable slow down in several market indicators. Residential active listings decreased on a week-over-week basis for the 10th straight week, with 42,573 listings active in connectMLS.

See the full Weekly Market Snapshot

Median sales price posts weekly, annual jump

MRED’s marketplace saw a strong rebound in residential median sales price this week. That metric during the second week of November was $280,000, a 3.7% increase on a week-over-week and year-over-year basis as well as the largest single-week total in six weeks.

Click here to see the full weekly market snapshot.

Median sales price streak comes to an end

The residential median sales price in MRED’s marketplace dipped 3% week-over-over during the first week of November. That decrease led to no change in median sales price on a year-over-year basis. The last time there was no annual increase was June of 2020.

See the full weekly market snapshot.

New listings continue end-of-year decline

The final week of October saw 4,527 residential listings added in MRED’s marketplace. That total was a 2% week-over-week decline and a 12% annual dip. It also marked the lowest single-week total since mid February.

See the full weekly market snapshot.

Recent MRED upgrades: Private listings, electronic earnest money and more!

MRED values feedback! Every subscriber can help improve the MLS for all. We’ve used input from real estate professionals just like you to make search and listing input work better for you, as well as Private listing updates and and the introduction of electronic earnest money.

Private listings

Private listings are now a more seamless part of your daily workflow. MRED rolled out several updates to Private listings to enhance how you can handle private listings in the MLS:

Easily share private listings with your clients through connectMLS.

  • MRED subscribers will no longer have to manually screenshot, PDF and then email private listings to share with clients. Private listings designated as shareable will be able to be sent to clients directly through connectMLS.

Use added private listing statuses, including active and contingent.

  • This update will create better transparency regarding where a listing is in the transaction process.

Search all listings at once, including private listings.

  • You’ll save time searching by being able to browse private listings in the same searches as all other active listings.

Electronic earnest money

Click on the “Send Electronic Earnest Money” link under Additional Info on an active listing to get started. No need to log in or sign up!

If your Broker or Title Company is not on the list of registered Trust Accounts, encourage them to sign up at this link so you can easily route earnest money to their account.

You’ll love electronic earnest money because:

  • It’s more secure than a paper check.
  • It’s simple and convenient for you and your buyer.
  • You don’t have to spend time and money driving around to pick up checks.
  • You can see the real-time status of every payment request.

Click here to get started in three easy steps

Click here to read the FAQs

Click here to sign up for a live demo, 9 a.m., Wednesday, May 26

Watch a video on using TrustFunds

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