EDINA, MN, Jan. 19, 2023 – Edina Realty (www.EdinaRealty.com), the largest residential real estate company in Minnesota and western Wisconsin, remained the market leader for home sales in 2022, its 23rd consecutive year holding that title. At year’s end, agents of the company had totaled more than 22,000 transactions equating to $8.6 billion in sales volume.
Edina Realty and its REALTORS® have dedicated themselves to the core values of honesty, integrity, commitment, innovation and community for more than six decades. Their ranking in the market reflects clients’ appreciation of each agent’s hard work and dedication, as well as Edina Realty’s considerable suite of best-in-class resources, according to Edina Realty Home Services CEO Greg Mason.
“Edina Realty agents and employees know that clients aren’t just a means to an end – they’re our friends, neighbors and members of our communities,” he said. “We work hard every day to make sure we’re always excited to see them at local events, and keep them wanting to work with us again the next time they need help with a real estate transaction.”
Rising interest rates were one of the biggest factors causing a slower market for much of 2022, but there remains strong buyer appetite for appealing homes in desirable communities, according to Sharry Schmid, Edina Realty president.
“We’re expecting a rate of activity similar to what we’ve seen over the past several months of 2022 as we move into 2023,” she said. “Our agents are still reporting strong demand for the right kinds of homes, making now a great time for prospective sellers to reach out and see how much their homes could command.”
Edina Realty predicts 2023 buyers and sellers in Minnesota and western Wisconsin will experience:
- Continued upward pressure on pricing and inventory, putting sellers at an advantage.
- High demand and competitive bidding processes for homes in ideal locations or at attractive price points.
- A stable local economy, thanks to the Twin Cities’ diverse base of local employers.
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 MN, Inc. for 2022 and for brokers who had greater than 1 percent market share. This report is based on closed transactions and is deemed reliable but not guaranteed.
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 2,000 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 a marketing relationship with HSA Warranty. Edina Realty closed more than 22,000 real estate transactions and $8.6 billion in sales volume in 2022. For more information, visit www.EdinaRealty.com or find us on Facebook: facebook.com/EdinaRealty; and Twitter: Twitter.com/Edina_Realty; and Instagram: Instagram.com/EdinaRealty and LinkedIn: LinkedIn.com/company/edina-realty.