Weekly Real Estate Market Activity Report for Maple Grove

Weekly Real Estate Market Activity Report for Maple Grove

For Week Ending October 3, 2015

Publish Date: October 12, 2015 • All comparisons are to 2014

Recovery has been on fleek now for a while. On what? Okay, let’s use a more recognizable term, like on point. But we should all get used to the lingo of the new wave of buyers if we want to continue to set record-breaking bragging rights. With the summer now well behind us, the week-over-week market trends will begin to wane. Hopefully, the fleek remains in year-over-year comparisons and all will be well through the end of the year.

In the Twin Cities region, for the week ending October 3:

• New Listings decreased 7.2% to 1,371

• Pending Sales increased 1.7% to 1,077

• Inventory decreased 15.1% to 16,390

For the month of September:

• Median Sales Price increased 8.3% to $222,000

• Days on Market decreased 8.5% to 65

• Percent of Original List Price Received increased 1.0% to 96.6%

• Months Supply of Inventory decreased 26.1% to 3.4

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