Rochester MN Real Estate Update (Week of 9/18/06 to 9/24/06)

There are currently 1127 homes for sale in Rochester, Minnesota with an average list price of $250,705 and average of 158 days on the market. Last week (September 18 to September 24, 2006) there were 71 new and back on the market listings with an average list price of $243,590 and average market time of 42 days. During this same time period 47 homes went to pending (under contract). The average list price of these homes was $202,706 with an average of 90 days on the market. There were 31 closings in Rochester residential real estate last week, with an average price of $174,530 and 152 days on the market. Last week 60 listings expired; the average asking price was $219,315 with an average of 112 days on the market.