The Rochester, Minnesota area housing market had 87 new residential listings last week (March 10 to 16, 2008) with an average list price of $202,287. Eleven residential properties came back onto the market with an average list price of $235,590 and average market time of 261 days.
There were 44 homes going under contract (to pending) last week; average list price for these properties was $186,734. At 89 days, the average time on the market from listing to pending was about three months.
Last week 8 homes closed in Rochester. At $137,401, the average sold price was 97.1 percent of the average list price ($141,499). These homes had an average of 81 days on the market.
Ten listings expired, nine canceled and 7 were withdrawn.
There are currently 1,141 homes for sale in Rochester, Minn with an average list price of $234,517 and average market time of 165 days.
Related posts:
- Rochester MN Residential Real Estate Conditions (March 24-30, 2008)
- Residential Real Estate Market Conditions in Rochester MN (March 31 to April 6, 2008)
- Real Estate Market Conditions for Rochester, MN (March 3-9, 2008)
- Residential Market Conditions for Rochester, MN (May 26 to June 1, 2008)
- Rochester, MN Real Estate Conditions (Feb 25 – March 2, 2008)
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