Top Mega Teams in Minnesota – Ranked by Volume

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    • Rank – State VolumeTeam NameCompanyLocationVolumeProfile
    1The Minnesota Real Estate TeamRE/MAX Advantage PlusBloomington, MN$550,448,878View Profile
    2Kris Lindahl Real EstateKris Lindahl Real EstateNew Hope, MN$486,976,941View Profile
    3Pemberton Homes TeameXp RealtyEdina, MN$300,000,000View Profile
    4Kerby & Cristina Real Estate ExpertsRE/MAX ResultsPlymouth, MN$252,629,626View Profile
    5Platzke Real Estate GroupColdwell Banker RealtyEden Prairie, MN$245,323,487View Profile
    6Desrochers Realty GroupeXp RealtyEdina, MN$201,449,399View Profile
    8Enclave TeamReal BrokerEagan, MN$164,175,326View Profile
    10The Advisory Realty GroupeXpHopkins, MN$143,100,000View Profile
    13The Pro TeamRE/MAX ResultsEdina, MN$126,670,915View Profile
    15Pinnacle TeameXp Realty – Pinnacle TeamWhite Bear Lake, MN$111,979,730View Profile
    16Grant Johnson GroupeXp RealtyArden Hills, MN$105,608,602View Profile
    17Chad Schwendeman Real Estate GroupeXp RealtyBaxter, MN$94,990,960View Profile
    20Huerkamp Home GroupKeller WilliamsBurnsville, MN$91,656,714View 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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