MRED Blog

Great news! Electronic earnest money is live and ready to use in connectMLS!

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

Questions? Contact the MRED Help Desk at 630-955-2755 or help.desk@MREDLLC.com

More open houses took place in MRED’s marketplace last week than in any individual week since mid-November. The 2,944 open houses marked a 63% bump compared to the previous week. This increase accompanied a rise in total active MRED listings, which grew to more than 59,000.

Follow the trends in MRED’s Weekly Market Snapshot.

MRED’s marketplace saw a 3.1% weekly increase in residential median sales price, pushing the current total to $297,000. This marks the sixth consecutive week the median sales price was at $280,000 or more.

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

For the second time in a month, closed listings in MRED’s marketplace reached their highest point of 2021. The 3,849 closed listings marked a 48% week-over-week jump and was more than all but two individual weeks of 2020.

Learn more in MRED’s Weekly Market Snapshot.

MRED saw active listings inch higher for the seventh week in the last two months. Last week’s one percent increase in active listings comes as the spring selling season gets into full swing.

Get more details in MRED’s Weekly Market Snapshot.

5,263 listings in MRED’s marketplace went under contract last week, the most during any single week of the last two years. That total was a 14% weekly increase and the sixth consecutive week of 4,500+ listings under contract.

Learn more in MRED’s Weekly Market Snapshot.