The city of Edina is in Hennepin County. It is a first-ring suburb situated immediately southwest of Minneapolis. Edina began as a small farming and milling community in the 1860s. The population was 47,941 as of 2010.
From May of 2015 to May of 2016 this is the most up to date information on what is happening in the Edina Real Estate Market. Statistics offered by the Minneapolis Area Association of Realtors.
|Median Sales Price||$395,000||$405,000||+2.5%|
|Days on the market||105||103||-1.9%|
|Months Supply of Inventory||5.2||4.1||-21.2%|
What this means for you if you’re selling your home:
It’s a very good time to sell your home if you live in Edina!
- Edina has officially become a healthy balanced market with 4 months of inventory on the market.
- Interest rates remain at all time lows and buyers continue to gobble up homes at record pace. Although the median sales price has dropped slightly, with the spring market coming shortly, we may see that rise again.
- The time to act is now. If you’re thinking about selling your home in the next 6 months to one year, we highly encourage you to get your home on the market now.
- If you have the opportunity to get in the market now, it would be advantageous for you to do so!
See more Statistics on Edina Real Estate Here
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