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Sales prices outpacing 2019 numbers as demand remains high

Sales prices outpacing 2019 numbers as demand remains high


The median sales price of a residential listing in MRED's network remained at $260,000 for the third consecutive week. 

This is a 16% year-over-year increase that bucks a trend from 2019 in which median sales prices began to decrease in August and September.

This year's steadiness is despite a third-straight week of declines in residential listings under contract, although 2020's numbers have outpaced 2019 in this category for nearly four months.

Real Estate News

Contracts see second week of decreases; still outpacing 2019

Real Estate News

New listings, sold prices increase as closed listings drop

Real Estate News

Market indicators remain strong as summer nears its end

Market indicators remain strong as summer nears its end


Nearly every metric in MRED’s market report showed weekly and year-over-year improvement. This encouraging trend included an 18% annual increase in closed listings, marking the fifth week in a row of year over year growth and the third consecutive week of gains in 2020.

New listings in MRED’s system remained steady, continuing its month-and-a-half-long streak of stability. August’s third week saw 16% improvement year over year for new listings, while listings under contract were up 75% compared to 2019.

Learn more about the market, including data on open houses and rentals with MRED’s Weekly Market Report.

Real Estate News

Prices leap as buyers surge into market, MRED data show

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Closings, contracts on the rise in first week of August.

Real Estate News

Contracts skyrocket in July as buyers flood market

Real Estate News

Residential contracts strengthen; data point to strong summer market

Real Estate News

Monthly, annual gains seen in number of homes under contract

Real Estate News

Contracts post 12 percent weekly gain, MRED data shows

Real Estate News
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Josh Bryan - Fathom Realty

(630) 229-1826

josh@bryanhometeam.com

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