Midwest Real Estate Data LLC

The holiday week brought about a 20% week-over-week decline in MRED marketplace residential listings under contract. Even with that weekly dip, the 2,623 contracts still marked a 15% annual increase.

MRED's residential marketplace typically sees an end-of-month increase in closed listings. The spike that occurred during the final week of June, however ushered in the largest single-week total in a year. The 2,975 closed listings were a 41% week-over-week increase, although it was a 20% year-over-year decline.

The median sales price among MRED residential listings reached $358,500 last week. That total was a 4% week-over-week increase to go along with a 16% year-over-year jump. The $358,500 mark also bested the largest recorded total in at least the last four years that was previously set two weeks ago.

Milan. Brussels. Chicago. Dubai. Beverly Hills. Accra. Boston. Prague. Orlando. Ottawa. Râmnicu Vâlcea. Austin. Barcelona. Denver. Rome. Cleveland. Montreal. Seattle. Kampala. San Diego. Paris. Atlanta. Toronto. Portland. New York. Tbilisi... More big names from across the globe will be announced soon for the International MLS Forum. Is your organization prepared for the globalization of real estate technology? mlsforum.org

The 5,984 new residential listings in MRED's marketplace last week was a 1% week-over-week increase to go along with a 3% year-over-year bump. It was also the first time in a month that the current year new listing total outpaced the previous year during the same span.

Last week's median sales price in MRED's residential marketplace was $345,000. That total bested last week's median sales price by 5% and last year's mark during the same span by 15%. It was also the largest total in that metric in at least four years.

The 38,933 total active listings in MRED's residential marketplace marked the most since November of 2023. That total continued a two-month trend of increases.

The median sales price in MRED's residential marketplace saw week-over-week declines for the third consecutive week. Despite the weekly decreases, that metric still outpaced 2023 during the same span by 8% and continued a year-long streak of annual gains.

MRED's residential marketplace saw a 14% week-over-week increase in new listings. That jump resulted in a 7% year-over-year increase to go along with the largest single-week total since June of 2023. 

Last week's 3,501 residential contracts in MRED's marketplace were the most in a single week since July of 2023. That total was a 7% week-over-week and 13% year-over-year increase.