Maple Grove median home prices declined by 7.8% YTD through April 2009.  Closed transactions have remained quite healthy only showing a decline of 3.6%.  New listings are down by 17%. This is a good sign. When new listings are declining faster than the closed transaction rate, that is constructive for a return to a more balanced market.
Click here for the online report from the Minneapolis Area Association of Realtors.
