Weekly Housing Activity Report For Maple Grove

Weekly Housing Activity Report For Maple Grove

For Week Ending March 11, 2017
Publish Date: March 20, 2017 • All comparisons are to 2016

In the last three months, the Federal Reserve has now twice increased its
benchmark interest rate a quarter point. The good news is that this was an
expected move due to strong confidence in the economy. Mortgage rates will likely
increase as well. That said, homes are still selling quickly, and there is little
indication that the trend will slow down in the spring and summer months.
In the Twin Cities region, for the week ending March 11:
• New Listings decreased 3.3% to 1,740
• Pending Sales decreased 11.1% to 1,102
• Inventory decreased 24.8% to 9,290
For the month of January:
• Median Sales Price increased 7.7% to $223,250
• Days on Market decreased 14.6% to 82
• Percent of Original List Price Received increased 1.4% to 96.5%
• Months Supply of Homes For Sale decreased 28.0% to 1.8