Edina Realty Led Region for 24th Consecutive Year

Edina, Minnesota – Feb. 5, 2024, Edina Realty, the largest residential real estate firm in Minnesota and western Wisconsin, remained the market leader in home sales in 2023, its 24th consecutive year holding that title. At year’s end, agents at the company had completed more than 18,000 transactions equating to $7.47 billion in sales volume.

Elevated mortgage interest rates (as high as 8%), rising prices and a shortage of housing supply caused a significant decline in real estate activity in 2023. According to data from the Minneapolis Area REALTORS®, sales were at their lowest level since 2011, creating an especially challenging environment for REALTORS competing to earn business. Still, Edina Realty REALTORS outperformed the competition while remaining committed to the company’s values of honesty, integrity, commitment, innovation and community.

“Our agents really stepped up in a difficult market,” said Sharry Schmid, Edina Realty president. “They continue to earn the trust of their clients by providing expert advice, neighborhood and market information, and most importantly, by advocating for them throughout the process of buying, selling and homeownership.”

Edina Realty agents serve key roles in a variety of industry organizations, helping guide important decisions and conversations. Some current leadership positions include:

• Amy Peterson, president, St. Paul Area Association of REALTORS
• Nicole Doering, president, Greater Alexandria Area Association of REALTORS
• Jamar Hardy, president, Minneapolis Area REALTORS
• Judy Kordt, president, Western Wisconsin REALTORS Association
• Mary Jo Bowe, chairman, Wisconsin REALTORS Association

“Not only are Edina Realty agents committed to their clients and the industry, but they are also committed to supporting each other,” said Greg Mason, Edina Realty Home Services CEO. “For nine years, Edina Realty has been a Star Tribune Top Workplace, and nearly half of our agents and employees have been with the Edina Realty family of companies for 10 years or longer,” shared Mason. “I think the retention and loyalty of our employees and agents speaks to the collaborative environment we foster.”

Last year, Edina Realty expanded its footprint to include southwest Florida, giving agents an additional opportunity to serve clients—especially snowbirds—looking to relocate or split time between the Midwest and Florida. “A number of our agents who winter in Florida or spend significant time there asked for this expansion,” said Mason. “They want access to Edina Realty’s technology, products, network and services when they’re working with clients in the Sunshine State as well.”

Edina Realty predicts 2024 to be a much more traditional year for buyers and sellers in Minnesota and western Wisconsin:

• Interest rates will be lower, but affordability will continue to be a challenge, especially for first-time homebuyers.
• More sellers will enter the market, increasing the supply of homes for sale.
• The local economy will be stable with low rates of unemployment.

“We’re expecting a market that will be more typical in terms of seasonality and much more stable without the high highs and steep declines of past years,” said Schmid. “I am personally excited for a much more predictable and boring market!” she added.

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 2023 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, western Wisconsin and southwest Florida. Edina Realty's family of companies includes Edina Realty, Edina Realty Title, Edina Realty Insurance, Edina Realty Mortgage, and Hegg Realtors, the leading real estate broker in Sioux Falls, South Dakota. Edina Realty closed more than 18,000 real estate transactions and $7.4 billion in sales volume in 2023. For more information, visit EdinaRealty.com or find us on Facebook: facebook.com/EdinaRealty; X/Twitter: Twitter.com/Edina_Realty; Instagram: Instagram.com/EdinaRealty; and LinkedIn: LinkedIn.com/company/Edina-Realty.}