There were 35 new listings last week in Rochester, MN (avg list price of $221,047, median $159,900) and 19 listings coming back on the market (avg list price of $233,205, median $179,900, avg of 275 days on the market).
Last week (June 30 to July 6, 2008) 25 listings went under contract to pending with an average list price of $205,800 (median $159,900) and average market time of 108 days. There were 57 closings (homes sold). The average sold price of $198,883 was 95.18% of the original list price, 98.22% of the asking price ($202,484). Market time for these properties was 171 days.
There are currently 1109 residential properties listed for sale in Rochester, Minnesota, with an average list price of $242,363 and average market time of 156 days.
Related posts:
- Market Conditions for Rochester Minn (week of June 2 through 8, 2008)
- Rochester Minnesota Real Estate Market Conditions (week of 6/16-6/22/08)
- Rochester MN Residential Real Estate Market (Aug 11-17, 2008)
- Real Estate Market Conditions for Rochester MN (May 19 to 25, 2008)
- Rochester MN Residential Real Estate Mkt Conditions (6/23-6/29/08)
1 response so far ↓
1 yanni raz // Jul 30, 2008 at 10:18 am
Gov. Schwarzenneger’s threat to employees, also threatens the housing crisis.
With the lack of new budget for the fiscal year 2008-2009, Gov. Arnold Schwarzenegger has threatened to cut the salaries of almost 200,000 state employees to the federal minimum wage of $6.55 an hour. California’s minimum wage is $8.00 an hour. My question is, what is this going to do to the housing crisis in California, one the states most hurt by the mortgage meltdown?
The problem is that state legislators failed to turn in a “decent” budget proposal for the Governor to sign. The Governor says he has no other option but to cut the salary of
at least 200,000 employees and to fire about 22,000 part time employees and to put a freeze on overtime pay… ah!!! Yeah… but what about the people with mortgages
Mr. Governor? Are you going to send a letter to their lenders explaining to them that the legislators…. Blah, blah, blah… didn’t turn in a budget proposal, Blah, blah, blah????
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