Maple Grove Real Estate Shows Mixed Results for January

January was a slow month across most of Hennepin County. Maple Grove, however, showed signs of shrinking choice for buyers. New listings fell by 8 units versus last January. Combined with an increase in closed sales over last January of 10 units to 56 total closed may will result in a decrease in inventory. This is good news for sellers in this high demand area. This came at a price, however, as average sale price declined by 10% month over month. Average days on the market until sale increased to 162, 20 days higher than January 2006. All and all inventory in Maple Grove is shrinking and the competitive homes are selling. Sellers, price 'em right and be patient.

Thanks for reading and remember for help with Maple Grove homes or any Hennepin County real estate call or e-mail Coach Boom.

Tim Ross * Re/Max Associates Plus * 612-598-9295 * tim@rosshometeam.com