Rochester MN Real Estate Market Blog

July already!

There are currently 1096 homes for sale in Rochester, MN with an average list price of $240,352 and average market time of 151 days.

Last week (June 23 to 29, 2008) 34 homes sold (went under contract to pending) with an average list price of $168,572 and 116 days market time. There were 54 closings; average sold price of $207,355 was 96.43% of the original list price and 98.92% of the asking price (avg. $209,627). Market time for these properties averaged 91 days.

There were 45 new listings last week with an average list price of $177,535, and 13 listings came back on the market (avg. list price $183,976, avg. mkt time of 152 days). Three listings were withdrawn, 25 cancelled, 8 expired, and 27 were extended.

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Related posts:

1. Residential Real Estate Market Conditions in Rochester MN (March 31 to April 6, 2008)
2. Rochester MN Residential Real Estate Conditions (March 24-30, 2008)
3. Rochester MN Residential Real Estate Conditions (March 10-16, 2008)
4. Rochester MN Residential Real Estate Market (Aug 11-17, 2008)
5. Real Estate Market Conditions for Rochester, MN (March 3-9, 2008)