Tuesday Morning Market Update Rochester MN Real Estate

There are currently 1106 homes for sale in Rochester, Minnesota with an average list price of $248,915 and average of 159 days on the market. Last week (September 25 to October 1, 2006) there were 61 new and back on the market listings with an average list price of $236,389 and average market time of 34 days. During this same time period 35 homes went to pending (under contract). The average list price of these homes was $217,791 with an average of107 days on the market. There were 55 closings in Rochester residential real estate last week, with an average price of $189,888 and 89 days on the market. Last week 154 listings expired; the average asking price was $224,710 with an average of 123 days on the market.