MRED Blog

Last week saw the most listings close in MRED’s marketplace in a single week in more than two years. The 4,529 closed listings was also a 36% week-over-week jump and an 18% annual increase.

Get all the details in MRED’s Weekly Market Snapshot.

A 38% week-over-week increase in MRED marketplace open houses pushed the weekly total to 3,318 open houses. This tally is the most open houses in a single week since the beginning of 2021.

See more in MRED’s Weekly Market Snapshot.

The final week of spring marked the third consecutive week of active listing increases in MRED’s marketplace. 61,025 total active listings were in connectMLS as the calendar flipped to summer, the first instance of 61,000+ active listings since December of 2020.

Learn more in MRED’s Weekly Market Snapshot.

Median prices soared in the first week of June to the highest levels in MRED history. The six percent week-over-week surge pushed the median price for a home to $310,000.

See more market data in MRED’s Weekly Market Snapshot.

Several key indicators in MRED’s marketplace pulled back slightly last week as the holiday weekend approached. New listings dipped 12% week-over-week while still outpacing last year’s pandemic-affected numbers for the 11th straight week.

Learn more in MRED’s Weekly Market Snapshot.

MRED’s marketplace saw 5,198 listings go under contract last week. That tally marked a 12% week-over-week increase, 41% year-over-year and the second-most listings under contract in a single week during 2021.

Get more details in MRED’s Weekly Market Snapshot.