MRED Blog

REinventing MLS

Listings under contract up weekly, down annually

Listings under contract in MRED’s marketplace inched up on a week-over-week basis while still falling short of 2020 levels. The 6% weekly increase accompanied a 13% annual decline. It was the 16th straight week of year-over-year decrease.

Click here to see the weekly market snapshot.

Median sales price jumps to all-time high

MRED’s residential marketplace saw a 9% weekly and 5% annual jump in median sales price. This spike led to MRED’s largest recorded median sales price.

  • Median sales price last week: $300,000
  • Median sales price this week: $327,000
  • Median sales price during same period last year : $310,000

Sign up for MRED’s Dotloop and DocuSign training classes

Working with online documents and e-signatures can be easy! These classes are taught by certified Dotloop and DocuSign trainers and will familiarize you with important connectMLS integrations, including how to send contracts and add fields to documents for e-signatures.

Please note: MRED does not provide Dotloop or DocuSign accounts. You must have a Dotloop or DocuSign account to send documents from connectMLS to Dotloop or DocuSign. 

Available MRED training classes:

Median sales price up on weekly, annual basis

MRED’s residential marketplace saw week-over-week and year-over-year median sales price increases. The third week of May registered a median sales price of $310,000, a 3% weekly bump and a 7% annual spike.

  • Median sales price last week: $300,000
  • Median sales price this week: $310,000
  • Median sales price during same period last year : $288,500

Click here to see more weekly stats.

Open house totals reach seven-month high

The total number of open houses in MRED’s marketplace during the last week jumped 57% compared to the previous week. That spike led to the most open houses in a single week since September:

  • Open houses last week: 1,896
  • Open houses this week: 2,975
  • Open houses during same period last year : 2,944

See all the stats in our Weekly Market Snapshot.

New listings reach highest point this year, but just barely

This week, the number of new residential listings in MRED’s marketplace eked out a new high for 2022:

  • New listings this week: 6,555
  • New listings last week: 6,554
  • Year-over-year change: -16%

Click here to see more of this week’s market statistics!

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