This post was contributed by a community member. The views expressed here are the author's own.

Real Estate

Weekly Housing Activity Report For Maple Grove

Weekly Housing Activity Report For Maple Grove

Weekly Housing Activity Report For Maple Grove

For Week Ending November 4, 2017
Publish Date: November 13, 2017 • All comparisons are to 2016

New tax legislation that could affect the housing market is still currently being

discussed and debated by the U.S. Senate and House of Representatives, but it
appears that important tools used by homeowners, like the mortgage interest
deduction, are in line to continue in some capacity. This continuity would be useful
for maintaining a positive outlook for residential real estate.
In the Twin Cities region, for the week ending November 4:
• New Listings decreased 8.7% to 1,017
• Pending Sales increased 0.8% to 1,076
• Inventory decreased 15.3% to 11,585
For the month of September:
• Median Sales Price increased 7.4% to $247,000
• Days on Market decreased 12.3% to 50
• Percent of Original List Price Received increased 0.6% to 98.1%
• Months Supply of Homes For Sale decreased 16.7% to 2.5

Find out what's happening in Maple Grovefor free with the latest updates from Patch.

The views expressed in this post are the author's own. Want to post on Patch?