Weekly Housing Market Activity Report for Maple Grove

Weekly Housing Market Activity Report for Maple Grove

For Week Ending August 8, 2015

Publish Date: August 17, 2015 • All comparisons are to 2014

That time of year is here for some and on its way for others: School. The summer’s fun is winding down. Perceived as good for some weary parents, bad for some summer-loving kids and standard fare for real estate professionals that know August as a quiet identifier of the expectation of housing market slowdown. That said, home sales and housing prices have both continued to edge up across the country on a macro level compared to last year’s numbers. Let’s take a look at the local trends.

In the Twin Cities region, for the week ending August 8:

• New Listings decreased 2.8% to 1,746

• Pending Sales increased 13.5% to 1,293

• Inventory decreased 11.0% to 17,038

For the month of July:

• Median Sales Price increased 4.7% to $225,000

• Days on Market decreased 7.4% to 63

• Percent of Original List Price Received increased 0.8% to 97.6%

• Months Supply of Inventory decreased 19.6% to 3.7

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