The week ending May 28, 2023, saw a drop in new listings and showing traffic due to the Memorial Day weekend. The Mid-Atlantic region experienced a decline of 14.8% in new listings compared to the previous week and a 26.0% decrease compared to the same week in 2022. This year's new listings have consistently lagged behind 2022, leading to low inventory levels. Buyer showing traffic also...
Highlights for the week ending May 21, 2023 The number of new listings in the Bright MLS footprint has been gradually increasing, although at a slower pace. Compared to previous years, there is a noticeable decrease in the number of new listings. For the week ending May 21, 2023, new listings are 24.0% lower than the same period last year. Despite the absence of the usual spring surge in listings, there...