Rochester Minnesota Real Estate Update (June 25 to July 1, 2007)

There are currently 1238 homes for sale in Rochester, Minnesota with an average list price of $243,495 and average of 146 days on the market. Last week (June 25 to July 1, 2007) there were 94 new and back on the market listings with an average list price of $204,044 and average market time of 63 days. During this same time period 56 homes went to pending (under contract). The average list price of these homes was $201,956 with an average of 92 days on the market. There were 109 closings in Rochester residential real estate last week, with an average price of $196,109 and 97 days on the market. Last week 140 listings expired; the average asking price was $219,589 with an average of 167 days on the market.

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