Weekly Housing Market Activity Report for Maple Grove

Weekly Housing Market Activity Report for Maple Grove

For Week Ending October 25, 2014
Publish Date: November 3, 2014 • All comparisons are to 2013

In the buildup of anticipation for the season of pumpkin carving, caramel apple
eating and haunted house touring, it came out that one number was spookily
down. Homeownership is at its lowest point in 20 years and has been steadily
dropping since the housing bubble years from 2004 to 2006. Interestingly, we are
now at levels consistent with a healthy market. Also, rising rents should eventually
give cause to more households seeking ownership positions. So-called bad news
is good, especially in the dark days surrounding Halloween.

In the Twin Cities region, for the week ending October 25:
• New Listings increased 4.5% to 1,267
• Pending Sales decreased 10.4% to 861
• Inventory increased 5.5% to 17,894

For the month of September:
• Median Sales Price increased 5.1% to $205,000
• Days on Market remained flat at 71
• Percent of Original List Price Received decreased 0.9% to 95.6%
• Months Supply of Inventory increased 18.4% to 4.5

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