October saw less sales, more inventory and prices up.  Pending sales were down almost 30% from this time in 2009 with closed sales down almost 50%.   The median sales price of $241,500 is up with over an 8% gain.  New listings remain the same but overall listing inventory is up slightly, 2% from this time last year.  Average market time actually saw a decrease in overall market time;  last year at this time Maple Grove properties averaged almost 4 months whereas this October shows that number averaged only 89 days.  For every home sold there are 7that remain on the market.  All data is based on information from the Minneapolis Area Association of REALTORS.  Visit http://thething.mplsrealtor.com/ for more details.

Gina Dumas, REALTOR
ABR, CRS, GRI
612.718.2783
RE/MAX Results
www.GinaDumas.com / Gina@GinaDumas.com