MRED Blog

New residential listings in MRED’s marketplace continued a predictable increase as we emerge from the holiday season. New listings registered a 31% week-over-week spike, but this bump still fell 23% short of the total from the same period last year.

See the trends in MRED’s Weekly Market Snapshot.

Closed listings in MRED’s marketplace saw a 2% week-over-week increase as the calendar flipped to 2022. The 2,415 residential closings was less than a 2% drop from the same period last year as the market emerges from the holiday season.

See more info in MRED’s Weekly Market Snapshot.

The final full week of 2021 registered the lowest weekly total of new listings since April. The 2,408 new listings in MRED’s marketplace were down 23% compared to the previous week. However, compared to 2020, it was less than a half percent decline, signaling typical seasonality.

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

The median sales price in MRED’s market registered a 1% week-over-week increase during the last seven days. The $281,000 mark was a 9% annual jump and the highest single-week total since late August.

See more information in MRED’s Weekly Market Snapshot.

More than 2,700 residential listings went under contract last week. That 4 percent week-over-week increase marked the second consecutive week of growth while still outpacing 2020’s total during the same time span by 3 percent.

Get more stats in MRED’s Weekly Market Snapshot.

A total of 4,006 new residential listings entered MRED’s marketplace last week. That 54% weekly increase nearly brought the total to pre-Thanksgiving levels and was less than a 5% dip compared to the same week in 2020.

See more in MRED’s Weekly Market Snapshot.