About the Annual Report
One of the most common questions I get is: how is the market doing in our community, whether it be Edina, MN, Minneapolis, or and of the surrounding suburbs. Luckily, each year the Minneapolis Area Association of Realtors (MAAR) puts together a report to show both current and historical performance in the markets.VIEW ANNUAL REPORT
You can look up statistics by city and get a good shot of the market. For instance, for Edina, Minnesota, you will see on the Historical Price Chart that median has risen over 12% in the last four years, from $339,000 to $380,000, a whopping 12% in just a few years. Other Twin Cities markets have been recovering from the downturn as well, you can see all the information on th detailed pages, and even compare your community’s performance to others around you, either on a city or county wide comparative basis There are other compelling statistics inside the report as well.
As always, if you’re curious about where your home value is, just contact me and I will deliver an updated market analysis to you within one busines day.