Rochester MN Housing Market Conditions (November 5-11, 2007)

There are currently 1210 homes for sale in Rochester, Minnesota with an average list price of $238,528 and average of 210 days on the market. Last week (November 5 to 11, 2007) there were 53 new and back on the market listings with an average list price of $189,992 and average market time of 62 days. During this same time period 31 homes went to pending (under contract). The average list price of these homes was $212,322 with an average of 105 days on the market. There were 32 closings in Rochester residential real estate last week, with an average price of $241,594 and 92 days on the market. Last week 51 listings expired; the average asking price was $185,340 with an average of 120 days on the market.