Edina Real Estate Market Conditions & Reports, Edina Market Trends, Minnesota

Market Commentary Provided by Top Agent

Report Date

Winter 2010

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Nearest Metro Area

Minneapolis and St. Paul, MN

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

30-60 days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$350,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Up 0-5%

Prices As % of Asking Price

95-100%

Multiple Offers?

Yes

Greatest Activity

Move-up Buyers

Buyer Activity for the past 90 days in Edina is

Seller Activity for the past 90 days in Edina is

Is Financing Available For Qualified Buyers in Edina?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Reason to Buy/Sell

Other

Average Sold Price

$350,000 - View Graph Trend

National Real Estate Market

Local Summary: Unlike many markets across the country, the supply of available inventory is good. Prices are increasing with listings averaging 30-60 days on the market. While there are currently more sellers than buyers, the market is heating up--particularly due to move-up buyers.

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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