Weekly Housing Activity Report For Maple Grove

Weekly Housing Activity Report For Maple Grove

For Week Ending April 30, 2016

Publish Date: May 9, 2016 • All comparisons are to 2015

The home-purchasing season may get a bit competitive this year thanks to low mortgage rates and pent up demand. With pending sales on the rise in many markets combined with a relatively low number of homes for sale, buyers need to act quickly once they find their ideal home.

In the Twin Cities region, for the week ending April 30:

• New Listings decreased 8.8% to 1,869

• Pending Sales increased 5.2% to 1,584

• Inventory decreased 18.7% to 12,966

For the month of April:

• Median Sales Price increased 7.7% to $231,500

• Days on Market decreased 14.1% to 73

• Percent of Original List Price Received increased 1.0% to 98.0%

• Months Supply of Homes For Sale decreased 27.8% to 2.6

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