MRED Blog

MRED’s marketplace saw 5,574 new residential listings entered during the week of Oct. 18. This was a 5% week-over-week bump and the first time since early September that this key market indicator increased.

See the trends in MRED’s Weekly Market Snapshot.

As temperatures cool off, so is the residential housing inventory. Active listings in MRED’s market have declined for the third straight week. On October 18, 56,770 active listings in connectMLS were the lowest total listings since April 12.

See more in MRED’s Weekly Market Snapshot.

The first full week of October saw 2,578 closed residential listings, down 30% from the previous week. That total is also a 15% annual decrease and the second-lowest single-week mark since early July.

Find out how MRED’s marketplace did in our Weekly Market Snapshot.

Residential listings under contract registered a weekly 15% increase following the week of Labor Day. The 3,899 contracts also beat out the previous year’s total from the same period for the first time in three weeks.

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

The median residential sales price in MRED’s marketplace registered a 4 percent week-over-week decrease during the first full week of September. That decline brought the key metric to $270,000, the lowest total since the final week of February.

Learn more in MRED’s Weekly Market Snapshot.

Closed listings in MRED’s marketplace notched a top five weekly finish for the year so far. Despite the strong showing, the 3,845 closings for Aug. 30-September 6 was off from the same week last year by 8 percent.

See more trends in MRED’s Weekly Market Snapshot.