The latest Edina real estate market statistics are out and it appears that it is still relatively stable. Unlike the overheated sellers’ markets in other Twin Cities suburbs, Edina seems to be holding steady in a balanced mode.
New Listings in Edina
One significant change in Edina’s real estate market is that the number of new listings to hit the market increased more than 5 percent, halting a 3-consecutive month decrease over this time last year. This is good news for homebuyers hoping to get into an Edina home for sale before the heated spring buying market.
The number of closed sales increased 21.4 percent, however, which caused a more than 12 percent decrease in the number of available homes for sale in Edina.