Bright Market Commentary Week of April 13, 2020

Bright Steps

Bright MLS continues to actively monitor and report key market metrics to keep our subscribers updated in real time. The following wrap-up of “the week that was” is based on the Bright MLS data reporting that has been distributed daily over the past several weeks. Please check your state area report for more specific regional data and context on what it means to real estate professionals and their clients.

Overall assessment for Bright’s Mid-Atlantic Region:

Similar to last week, this week’s regional industry performance shows some positives, especially when compared to last year’s performance metrics. However, the direct impact from the declines in showings, contingent and under contract listings and closings are now being realized within the Bright MLS network as a whole.

Key Takeaways from This Week:
1. Encouragingly, daily inventory (“Coming Soon, Active and Temp Off”) was 107.1% of the volume
of the same day last year, see below chart for detail….

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