Weekly Housing Market Activity Report for Maple Grove

Weekly Housing Market Activity Report for Maple Grove

For Week Ending January 10, 2015
Publish Date: January 20, 2015 • All comparisons are to 2014

Some goodbyes are easier than others. As we bid farewell to the economic
uncertainties of 2014, all eyes are fixated on what 2015 might bring. The economy
– specifically job growth – picked up steam in the second half of the year, and that
should continue. Housing performed reasonably well, but some metrics didn’t
improve as much as in 2013. The new year should bring new listings, new
inventory and new buyers to the marketplace.

In the Twin Cities region, for the week ending January 10:
• New Listings increased 7.1% to 1,030
• Pending Sales increased 17.8% to 642
• Inventory decreased 6.1% to 11,999

For the month of December:
• Median Sales Price increased 5.2% to $200,000
• Days on Market increased 3.5% to 89
• Percent of Original List Price Received decreased 0.6% to 94.1%
• Months Supply of Inventory remained flat at 2.9

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