Real Estate
Weekly Housing Market Activity Report For Maple Grove
Weekly Housing Market Activity Report For Maple Grove
Weekly Housing Market Activity Report For Maple Grove
For Week Ending February 11, 2017
Publish Date: February 20, 2017 • All comparisons are to 2016
relative low affordability of those homes have made the market interesting to watch.
The combination of broad personal financial situations is particularly pronounced
among millennials celebrating their prime home-buying years. While some
individuals may have a decent amount of money saved up for a home purchase,
others have educational debt, lowering their maximum affordability price. Being
aware of this situational variety will help both lenders and agents.
In the Twin Cities region, for the week ending February 11:
• New Listings decreased 5.2% to 1,338
• Pending Sales increased 1.1% to 859
• Inventory decreased 23.3% to 8,583
For the month of January:
• Median Sales Price increased 4.7% to $225,000
• Days on Market decreased 7.1% to 79
• Percent of Original List Price Received increased 0.9% to 95.9%
• Months Supply of Homes For Sale decreased 26.1% to 1.7
