MRED Blog

New residential listings in MRED’s marketplace registered a 3% week-over-week increase during October’s first full week. This bump marked the first time since mid July that new listing totals rose in two consecutive weeks. Last week’s total still fell short of last year’s mark during the same span by 8%.

See the full weekly market snapshot.

A total of 47,431 listings were active in MRED’s marketplace last week. That total was a 2% week-over-week decrease and the lowest mark since early June. This comes just six weeks after the marketplace hit the high point of the year at 49,535 active listings.

Click here to see the full weekly market snapshot.

The number of closed residential listings in MRED’s marketplace registered week-over-week and year-over-year declines during September’s final full week. A total of 2,118 listings closed last week, compared to 3,274 during the same span in 2021, a 35% drop. This number was also a 6% weekly decrease.

Check out the full Weekly Market Snapshot.

The first full week of September saw fewer closed residential listings in MRED’s marketplace than any week since January. The 1,840 closings were a 42% week-over-week decrease and a 32% annual dip as fall approaches.

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The median sales price in MRED’s marketplace fell 2% week-over-week, continuing a month without any increases in this indicator. The $285,000 median sales mark was a 2% annual increase, but the lowest in 2022 since early March.

Click here to see the Weekly Market Snapshot.

The final week of August saw the first week-over-week increase in open houses since early July. The 2,856 open houses marked a 6% weekly increase as new listings also rose 1% week-over-week.

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