Weekly Housing Activity Report For Maple Grove

Weekly Housing Activity Report For Maple Grove

For Week Ending June 10, 2017
Publish Date: June 19, 2017 • All comparisons are to 2016

have to spend more of their monthly incomes in order to do so. Higher prices during
the busiest months of the selling season are giving some buyers pause, which is
partly due to low inventory and the slow-moving pace of new home construction. In
addition, some would-be sellers are staying put instead of trying to find a
replacement home in a competitive environment, which can further stall inventory
growth.
In the Twin Cities region, for the week ending June 10:
• New Listings increased 2.3% to 2,102
• Pending Sales decreased at 1,442
• Inventory decreased 16.1% to 12,107
For the month of May:
• Median Sales Price increased 5.5% to $250,000
• Days on Market decreased 15.0% to 51
• Percent of Original List Price Received increased 0.9% to 99.5%
• Months Supply of Homes For Sale decreased 17.2% to 2.4