MRED Blog

Lean inventory in MRED’s marketplace pushed median sales prices to $285,000, a 3.6% week-over-week jump and an 18.2% year-over-year spike. Learn more here in the Weekly Market Snapshot.

Private listings are now a more seamless part of your daily workflow. MRED rolled out several updates to Private listings to enhance how you can handle private listings in the MLS. 

Here’s what’s new:

Easily share private listings with your clients through connectMLS.

• MRED subscribers will no longer have to manually screenshot, PDF and then email private listings to share with clients. Private listings designated as shareable will be able to be sent to clients directly through connectMLS.

Use added private listing statuses, including active and contingent.

• This update will create better transparency regarding where a listing is in the transaction process.

Search all listings at once, including private listings.

• You’ll save time searching by being able to browse private listings in the same searches as all other active listings.

The connectMLS client portal also got an exciting makeover

Clients will be able to search for listings in their connectMLS portal.

• Your clients will be able to browse listings and save searches in their connectMLS client portal.

MRED has streamlined communication features.

• You’ll be able to see your clients’ saved searches and activity right on your MLS home page.

User and mobile-friendly client portal.

• Presentation is everything! The connectMLS client portal is getting a facelift to make it more modern in appearance and easier to navigate.

Here’s how to opt-in to the new client portal:

1. Go to your initials/photo at the top-right of connectMLS
2. Click “Client portal defaults” under “My defaults”
3. Click “Portal Type (“Modern” vs. “Modern 2.0”)
4. Select “Modern 2.0”

Resources:

• Sign up for a session on Private listings (for a recorded webinar, click here)
• Sign up for a session on the client portal (for a recorded webinar, click here)
• Frequently asked questions

As the spring market kicks off, MRED saw a surge of new properties coming onto the market, reflecting an 11% weekly increase in listings. The nearly 7,500 new listings was the largest single-week total since late August of 2020. 

See the full picture in the MRED Weekly Market Snapshot.

Since the beginning of 2021, residential listings under contract have outpaced previous-year numbers. This forward-looking indicator shows no signs of slowing down as we enter the traditional Spring market season.

See this and other trends in the MRED Weekly Market Snapshot.

Closed listings in MRED’s marketplace reached their highest point since mid-December. This plateau came thanks to a 55 percent week-over-week increase during the last month of February. Despite the weekly jump, closed listings still fell 7 percent short of 2020’s total during the same period.

Learn more in the MRED Weekly Market Snapshot.

The third week of February saw a two percent weekly gain in median sales prices among residential listings in MRED’s marketplace. While the week-over-week gain was modest, median home prices were still up 15 percent on an annual basis to $255,000.

Learn more in the MRED Weekly Market Snapshot.