Weekly Housing Market Activity Report for Maple Grove

Weekly Housing Market Activity Report for Maple Grove

For Week Ending November 7, 2015

Publish Date: November 16, 2015 • All comparisons are to 2014

In a continually improving economy, what we might expect to happen is happening in the housing market. Sales and prices are generally up in year over-year comparisons, and new listings are replenishing the market at a fairly steady clip. More sellers are still encouraged to enter the fray, as lower inventory continues to remain a point of some concern.

In the Twin Cities region, for the week ending November 7:

• New Listings increased 7.5% to 1,183

• Pending Sales increased 10.7% to 907

• Inventory decreased 16.2% to 14,850

For the month of October:

• Median Sales Price increased 4.4% to $217,000

• Days on Market decreased 2.8% to 70

• Percent of Original List Price Received increased 1.1% to 96.2%

• Months Supply of Inventory decreased 25.6% to 3.2

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