Top Large Teams in Minnesota – Ranked by Sides

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    • Rank – State SidesTeam NameCompanyLocationSidesProfile
    5The Chad Schwendeman Real Estate Group brokered by eXp RealtyeXp RealtyBaxter, MN 548.0View Profile
    9Team SteadyRE/MAX ResultsMinneapolis, MN 409.0View Profile
    12The Home TeamRE/MAX Dynamic AgentsMankato, MN 312.0View Profile
    15Pomerleau TeamJPW RealtyMaple Grove, MN 298.0View Profile
    17John Schuster GroupColdwell Banker RealtyEden Prairie, MN 272.5View Profile
    20The Odd Couple TeamKeller WilliamsRoseville, MN 246.6View Profile
    22Gwaltney GroupRE/MAX ResultsRochester, MN 207.0View Profile
    23Our TeamRE/MAX ResultsWoodbury, MN 189.0View Profile
    273 Rivers Real Estate TeamReal BrokerageMinnetonka, MN 168.0View Profile
    29Leonhardt TeamColdwell Banker RealtyForest Lake, MN 157.5View Profile
    31Tyler Miller TeamTyler Miller TeamBlaine, MN 148.0View Profile
    38Kevin Butcher TeamEdina RealtyMinneapolis, MN 121.3View Profile
    49Larson GroupKeller WilliamsCrosslake, MN 108.0View Profile
    74The Jason Gorman TeamKeller WilliamsWoodbury, MN 90.3View Profile

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    2023 Minnesota Housing Market Summary

    Minnesota started 2023 with a total of 5,775 single-family homes on the market, with a median home price of $399,900 and an average price per square foot of $215. By the end of the year, inventory had increased to 6,927 homes on the market (+19%), with a median home price of $399,900 (+0%) and an average price per square foot of $214 (+0%).

    At the start of 2023, the median days on market (DOM) was 84 days – by the end of the year, median DOM had remained the same at 84 days.

    Minnesota started the year with 31% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 33% of Minnesota homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Minnesota started 2023 as a strong seller’s market, with an MAI score of 47; by the end of the year, the MAI had dropped to 37 – a slight seller’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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