Real Estate Update for Rochester MN (July 2-8, 2007)

There are currently 1229 homes for sale in Rochester, Minnesota with an average list price of $244,325 and average of 149 days on the market. Last week (July 2 to July 8, 2007) there were 81 new and back on the market listings with an average list price of $226,748 and average market time of 83 days. During this same time period 43 homes went to pending (under contract). The average list price of these homes was $172,596 with an average of 121 days on the market. There were 30 closings in Rochester residential real estate last week, with an average price of $176,803 and 107 days on the market. Last week 29 listings expired; the average asking price was $169,147 with an average of 109 days on the market.