Maple Grove Real Estate Trends

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

Trends show median sale prices are still showing signs of depreciation in Maple Grove. The vast majority of sales in this area are still foreclosures which are impacting on this number. Marketing times year to date have had a very small increase of just 2 additional days over last years numbers. Total inventory is down 12% and closed sales are slightly lower. Signs still point to sellers pricing their homes higher than the market is willing to pay, but the numbers also show sellers are being are more likely to negotiate on an offer rather than walking away.

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 It may also show that there is still a slightly stable and stronger market in Maple Grove which could possibly be related to due to being a desired location for people going through the relocation process.

If you are looking to buyer or sell a home or are looking for additional information or a free CMA, please contact us.