Just Living in Richfield

Welcome to the Edina Real Estate Market Report lets take a look at the most recent data coming out of the Minneapolis association of Realtors. This data is is comprised of all activity on the MLS for the Month of November. This data is good indicator of overall activity and the complete report has data from this November and last compared side by side.  Edina is a 1st Ring suburb of the city of Minneapolis, as the name implies Edina and Minneapolis share a border. Data from the 2020 census put the city population at plus 50,000 people. The land mass of Edina covers at-least 16 square miles 95% of that is developed.  For the month of November there was 49 total sales in the City of Edina, the average sales price was $835,837 with the median sales price of $575,000. November of 2022 the total sales was 45 and the Average/Median was $745,080 & $475,000 respectively. Two things could be happening here, my guess is there was probably a few really big sales that pushed the avera...