The month of May homes closed were was down from April. On the positive note pending (agreed upond purchase agreements) had a significant increase from April. The importance of this is that when a home goes pending status it is usually scheduled to close in the following month. In this case June "Solds" should have a significant increase.
While the market has improved with some staggering percentages, Edina real estate has seen a slow down.
Year To Date for Edina Home Sales is down 21% from 2008, with an Average sale
price decline of 5.4%. Cummulative Days On Market is also down which is good as the homes new listed have an average days on market less than 2008.
Edina homes for sale has a higher than desired number of homes on the market with a significant amount of new listings in May.
Over all the Minneapolis / St. Paul real estate market is showing strong sign of improvement. Currently there are 7.6 months of supply on the market. This is 28.6 % less than last year.
Iformation provided by the regionalRMLS MLS listing system. Edina home sales numbers are for single family homes under on million in sale price.
Listen to "The Skinny" for overall Minneapolis real estate update produced by the Minneapolis Board Of Realtor each month.
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