REinventing MLS

Closed listings rise for second straight week

A total of 1,345 residential listings closed in MRED’s marketplace last week. That tally marked a 17% week-over-week increase and the second consecutive week of gains in that metric. Despite the bump, the 2022 mark from the same period still bested this year’s total by 42%.

See the full snapshot.

Residential contracts reach 11-week high

A total of 2,451 residential listings went under contract in MRED’s marketplace last week. That total marked a 62% week-over-week jump while reaching the largest single-week total since late October. It was the second consecutive week of increase in that metric.

See the weekly snapshot.

Open houses open back up

The first full week of 2023 saw the typical post-holiday increase in several key market indicators. One of the largest jumps came from residential open houses, which experienced a 634% week-over-week bump.

See the full Weekly Market Snapshot.

Weekly Snapshot: New year, new listings increase

New residential listings in MRED’s marketplace began to increase as the calendar flipped to 2023. Last week’s 2,288 new listings marked a 35% week-over-week increase while falling 8% short of the same key market indicator during the same span last year.

Click here to see the full snapshot.

Residential median sales price increases

The median residential sales price in MRED’s marketplace increased 2% on a week-over-week basis during the Dec. 12 to Dec. 19 period. That same span also marked a 2% annual decrease heading into the final full week of 2022.

Read the full weekly snapshot.

Residential contracts see second weekly jump

Contracts in MRED’s residential marketplace increased by 9% on a week-over-week basis during December’s first full week. It was the second week in a row that contracts increased after a holiday decline. Despite the rebound, this total still fell 27% short of the total from the same span in 2021.

%d bloggers like this: