Monthly Real Estate Trends Maple Grove

Here is this months market report showing trends for the Maple Grove area.

Trends show median sale prices continue to drop. However, the vast majority of sales in area are foreclosures which are impacting this number. Marketing times year to date have had a very small increase of just two additional days. Total inventory is down 14% and closed sales are slightly higher.

These numbers show that sellers not needing to sell are removing their homes from the market and that the foreclosure inventory is being consumed by the first time buyers in our market.

Fore more specific information on your neighborhood or for a free market analysis, please contact me.