Rochester MN Real Estate Update (February 5 to 11, 2007)

There are currently 1036 homes for sale in Rochester, Minnesota with an average list price of $249,895 and average of 175 days on the market. Last week (February 5 to February 11, 2007) there were 77 new and back on the market listings with an average list price of $236,786 and average market time of 51 days. During this same time period 42 homes went to pending (under contract). The average list price of these homes was $191,017 with an average of 138 days on the market. There were 12 closings in Rochester residential real estate last week, with an average price of $215,149 and 109 days on the market. Last week 37 listings expired; the average asking price was $204,202 with an average of 115 days on the market.