MRED Blog

Several key metrics in MRED’s marketplace have decreased on a week-over-week and annual basis. However, the residential median sales price stayed at more than $290,000 for the fourth straight week, besting last year’s total in the same period by 15%.

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

MRED’s marketplace saw a 16% week-over-week increase in residential listings going under contract. The 4,566 contracts from July 12-19 also edged out the total from the same period in 2020.

See more in MRED’s Weekly Market Snapshot.

New listings in MRED’s marketplace rose by 25% week-over-week following the holiday. The 7,978 new listings from July 5-12 was a 9% decrease compared to the same period in 2020.

Learn more in MRED’s Weekly Market Snapshot.

Last week saw the most listings close in MRED’s marketplace in a single week in more than two years. The 4,529 closed listings was also a 36% week-over-week jump and an 18% annual increase.

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

A 38% week-over-week increase in MRED marketplace open houses pushed the weekly total to 3,318 open houses. This tally is the most open houses in a single week since the beginning of 2021.

See more in MRED’s Weekly Market Snapshot.

The final week of spring marked the third consecutive week of active listing increases in MRED’s marketplace. 61,025 total active listings were in connectMLS as the calendar flipped to summer, the first instance of 61,000+ active listings since December of 2020.

Learn more in MRED’s Weekly Market Snapshot.