Weekly Housing Market Activity Report For Maple Grove

Weekly Housing Market Activity Report For Maple Grove

For Week Ending January 14, 2017
Publish Date: January 23, 2017 • All comparisons are to 2016

uptick and became the best year for housing starts since 2007. Granted, multifamily
homes have been driving the increase in recent years, while single-family starts and
building permits are mildly down. Yet there is warranted optimism for new singlefamily
home building in 2017.
In the Twin Cities region, for the week ending January 14:
• New Listings decreased 4.8% to 931
• Pending Sales decreased 7.0% to 622
• Inventory decreased 25.6% to 8,347
For the month of December:
• Median Sales Price increased 4.1% to $228,500
• Days on Market decreased 10.1% to 71
• Percent of Original List Price Received increased 0.6% to 96.0%
• Months Supply of Homes For Sale decreased 26.1% to 1.7