Weekly Housing Market Activity Report for Maple Grove

Weekly Housing Market Activity Report

For Week Ending November 22, 2014
Publish Date: December 1, 2014 • All comparisons are to 2013

Amidst frantic shopping for all the things between turkey and toys the economy

has made a surprising statement, offering big gains over the last six months not
seen since mid-2003. As we head into the final stretch of the fourth quarter,
mortgage rates remain fairly stable, with the 30-year fixed rate mortgage still
hovering below 4 percent.

In the Twin Cities region, for the week ending November 22:
• New Listings decreased 3.5% to 862
• Pending Sales decreased 2.7% to 802
• Inventory increased 1.6% to 16,122

For the month of October:
• Median Sales Price increased 6.7% to $208,000
• Days on Market decreased 4.0% to 72
• Percent of Original List Price Received decreased 0.6% to 95.2%
• Months Supply of Inventory increased 13.5% to 4.2

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