Tuesday Morning Real Estate Update for Rochester MN (October 2 to October 8, 2006)

There are currently 1110 homes for sale in Rochester, Minnesota with an average list price of $249,772 and average of 157 days on the market. Last week (October 2 to October 8, 2006) there were 82 new and back on the market listings with an average list price of $237,774 and average market time of 98 days. During this same time period 36 homes went to pending (under contract). The average list price of these homes was $173,312 with an average of153 days on the market. There were 28 closings in Rochester residential real estate last week, with an average price of $196,608 and 99 days on the market. Last week 59 listings expired; the average asking price was $261,420 with an average of 116 days on the market.