Edina, MN Median Home Prices Rise by 2.2% YTD May 2010

Edina, MN is statistically showing signs of improvement in the housing market.  While the average home price is down 8% so far YTD through May 2010, the median price for a home in Edina is up 2.2%.   The average sold price in Edina is $398k with the median home price (sold) at $329k.   Before you start feeling good about your Edina real estate, realize that both of these numbers used to consistently be $500k (give or take $25k from time to time).   We are still a long ways down from the top.  That said, it’s nice to see a little firming in the prices.