EDINA, MN (January 14, 2019) – Edina Realty (www.edinarealty.com), the largest residential real estate company in Minnesota and western Wisconsin, released its sales results for 2019 which place the company as the market leader in home sales for the past two decades. For the 20th year, Edina Realty leads in transactions and sales, totaling 28,581 transactions and $8.78 billion in sales volume respectively.
Edina Realty Home Services CEO Greg Mason says that a company-wide pledge to adhere to its values of honesty, integrity, commitment, innovation and community are at the foundation of the company’s success. “Every Edina Realty agent’s expertise in home pricing, marketing, listing and sales, coupled with our firm’s unmatched network and team of dedicated staff, including real estate, mortgage, title, insurance and warranties, come together to provide clients the best possible real estate experience.”
With 2019 closed transaction levels 43 percent higher than its closest competitor*, Edina Realty is bullish on 2020 as well. “We’re optimistic about 2020,” said Sharry Schmid, Edina Realty president. “While home sales do tend to slow down during the fall of a general election year, we believe the real estate market will be buzzing in 2020.” Edina Realty predicts 2020 buyers and sellers in Minnesota and western Wisconsin will experience:
- Mortgage rates remaining steady and low.
- Supply and demand for housing generating competition in the marketplace.
- New construction on the rise, but inventory levels not meeting demand.
- Appreciation continuing to rise for home owners.
Of note, Edina Realty is also the market leader in new listings taken, closing the year at a total of 17,529 properties listed – 51 percent more than its closest competitor.*
For more information on Edina Realty, 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 MN, Inc. for 2019; based on closed transactions (closed sales by listing company plus closed sales by selling company).
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 more than 75 real estate offices and more than 2,300 REALTORS® throughout Minnesota and western Wisconsin. Edina Realty's family of companies includes Edina Realty, Edina Realty Title, Edina Realty Insurance and Edina Realty Mortgage. Edina Realty also has marketing relationships with HSA Warranty and 2-10 Home Buyers Warranty. Edina Realty closed nearly 28,600 real estate transactions and $8.78 billion in sales volume in 2019. For more information, visit edinarealty.com or find us on Facebook: facebook.com/EdinaRealty; and Twitter: Twitter.com/Edina_Realty; and Instagram: Instagram.com/EdinaRealty.