Weekly Housing Activity Report For Maple Grove

Weekly Housing Activity Report For Maple Grove

For Week Ending February 27, 2016

Publish Date: March 7, 2016 • All comparisons are to 2015

Strength in consumer spending and a towering peak in industrial production are both indicators that the economy has made strides early on in the year. Despite the continuing decline in inventory, the housing market should be a bright spot in the national economy.

In the Twin Cities region, for the week ending February 27:

• New Listings decreased 4.7% to 1,456

• Pending Sales increased 1.5% to 1,074

• Inventory decreased 17.8% to 11,056

For the month of January:

• Median Sales Price increased 10.3% to $215,000

• Days on Market decreased 15.8% to 85

• Percent of Original List Price Received increased 1.5% to 95.0%

• Months Supply of Homes For Sale decreased 29.0% to 2.2

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