MRED’s Weekly Market Snapshot showed strong consumer interest in early June, with homes under contract surging 22 percent over previous year numbers. For the week of June 1-8, 4,434 homes went under contract in MRED’s service areas.
Among other highlights:
- New listings were only off of previous-year numbers by 18 percent.
- Open houses are back in a big way. Three were just 238 scheduled open houses the week of march 23. For June 1-8, there were 2,692.
- Median prices remained relatively flat, declining just $1,000 year over year.
MRED releases housing data every Tuesday to help subscribers gain better insight into what’s happening in the real estate market.