Edina Realty Led Region for 25th Consecutive Year

Edina, Minnesota – March 3, 2025, Edina Realty, the largest residential real estate firm in Minnesota and western Wisconsin, remained the market leader in home sales in 2024, its 25th consecutive year holding that title. At year’s end, agents at the company had completed nearly 18,000 transactions equating to $7.4 billion in sales volume.

Edina Realty had 24% more closed transactions than its next closest competitor and listed 24% more properties than its next closest competitor.* When compared with the market, Edina Realty sold homes 16% faster and for a higher average selling price.**

Sellers in 2024 continued to cash in on record equity, often getting their asking price (or higher). While the supply of homes for sale did not keep pace with buyer demand, it did increase 6.4% over 2023 in Minnesota and 3.8% in Wisconsin, according to data from the Minnesota Association of Realtors and the Wisconsin REALTORS Association.

There was still an ongoing challenge with affordability and a lack of options for buyers, who faced higher interest rates. A growing supply of homes throughout the year implied the potential for more market balance between buyers and sellers in 2025. Interest rates were unpredictable, moving up and down in the 6-8% range for a 30-year conventional loan. Nevertheless, Edina Realty agents outperformed the competition while remaining committed to the company’s values of honesty, integrity, commitment, innovation and community.

“Real estate continues to be a local business, and having the right professionals in your corner can make a big difference in understanding options and capitalizing on opportunities,” said Sharry Schmid, Edina Realty president. “Our agents continually step up for their clients, even in a difficult market. They continue to earn the trust of their clients by providing expert advice, neighborhood and market information, and most importantly, by helping people discover the opportunities available to them.”

“As we mark our 70^th anniversary, I’m prouder than ever of the culture at Edina Realty. Our agents and employees are committed to providing exceptional service, but they are also committed to supporting each other, said Greg Mason, Edina Realty Home Services CEO. “For 10 years, Edina Realty has been a Star Tribune Top Workplace, and nearly half of our agents and employees have been with the Edina Realty family of companies for 10 years or longer,” shared Mason. “I think the retention and loyalty of our employees and agents speaks to the collaborative environment we foster.”

Edina Realty predicts 2025 will likely include more sales, but will look much like 2024 with seasonal peaks in activity for buyers and sellers in Minnesota and western Wisconsin. Moreover:

• The supply-constrained market could ease as more sellers consider entering the market, but demand will still likely outpace supply.
• Interest rates are projected to be lower, but affordability will probably continue to be an issue, especially with first-time homebuyers.
• Home prices are likely to follow demand and will increase, although those increases are expected to be moderate.

“Markets aren’t as predictable as we’d like them to be, but economists and housing experts look at historical trends and the current economy to inform where markets are likely to go in the future. Therefore, many experts agree that the housing market in 2025 will look a lot like 2024, but they have optimism,” said Schmid. “Economists say that there may be more buyer opportunities and more price appreciation, which is exciting for our clients and team members.”

For more information on Edina Realty and its family of companies, visit www.EdinaRealty.com or contact the Customer Care Team, available seven days a week at 952.928.5563.

*Based on information from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC. (RMLS) for the 13-county metro area from Jan. 1, 2024 through Dec. 31, 2024.

**Based on information from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC. for 2024. Figures are based on closed sales. The “Market” includes data from all brokers other than Edina Realty.

_{About Edina Realty
Edina Realty is a Berkshire Hathaway affiliate and a wholly owned subsidiary of HomeServices of America, Inc. It is one of the nation’s largest real estate companies with nearly 60 real estate offices and more than 2,000 REALTORS® throughout Minnesota, western Wisconsin and southwest Florida. Edina Realty's family of companies includes Edina Realty, Edina Realty Title, Edina Realty Insurance, Prosperity Home Mortgage, and Hegg Realtors, the leading real estate broker in Sioux Falls, South Dakota. Edina Realty and Hegg Realtors closed 20,000 real estate transactions and $8.2 billion in sales volume in 2024. For more information, visit EdinaRealty.com or find us on Facebook: facebook.com/EdinaRealty; X/Twitter: Twitter.com/Edina_Realty; Instagram: Instagram.com/EdinaRealty; and LinkedIn: LinkedIn.com/company/Edina-Realty.}