Rochester MN Real Estate Update (Sept 24-30, 2007)

There are currently 1257 homes for sale in Rochester, Minnesota with an average list price of $234,211 and average of 166 days on the market. Last week (September 24 to September 30, 2007) there were 49 new and back on the market listings with an average list price of $201,694 and average market time of 47 days. During this same time period 41 homes went to pending (under contract). The average list price of these homes was $204,171 with an average of 72 days on the market. There were 50 closings in Rochester residential real estate last week, with an average price of $163,776 and 88 days on the market. Last week 123 listings expired; the average asking price was $242,516 with an average of 133 days on the market.

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