Weekly Housing Market Activity Report for Maple Grove

Weekly Housing Market Activity Report

For Week Ending November 29, 2014
Publish Date: December 8, 2014 • All comparisons are to 2013

No good news goes unpunished. As the economy churned out more than 320,000
private jobs in November, some say the Federal Reserve is that much more likely
to stick to the plan of raising rates by mid-2015. The truth is that the U.S. is on
track for the strongest yearly job growth since 1999. That means more families are
in a better position to buy a home, which is of course good news for housing.
Let’s take a look at the local housing market.
In the Twin Cities region, for the week ending November 29:
• New Listings decreased 13.5% to 468
• Pending Sales decreased 8.3% to 539
• Inventory increased 0.5% to 15,557
For the month of November:
• Median Sales Price increased 5.1% to $205,000
• Days on Market increased 5.3% to 79
• Percent of Original List Price Received decreased 0.7% to 94.7%
• Months Supply of Inventory increased 5.9% to 3.6

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