Rochester MN Real Estate Market Blog

From a national standpoint we are starting to see inventory levels stabilize and in some parts of the country actually go down in other parts.  In the meantime existing homes sales nationally rose 1.4% in September and inventory fell by 1.6% during the same time. Here in Rochester, Minnesota the MLS has reported real estate sales [...]

[Read more →]

Recently I’d been asked about whether home values would be re-assessed due to the falling housing market we’ve seen recently.  Bob Nowicki, 5th Ward City Councilman  was kind enough to do some research on this subject. He wrote: “This is certainly not my area of expertise and is one of the functions handled by Mark [...]

[Read more →]

Shawn Buryska has been appointed President-Elect to the MLS Board of Directors of the Southeast Minnesota Association of Realtors (SEMAR).  Shawn has had numerous terms on various committee’s and positions including past MLS chair, past Education chair and past President of he Southeast Minnesota Association of Realtors.  He states: ”I am looking forward to serving the association once again over [...]

[Read more →]

There are currently 980 residential properties for sale in Rochester, Minnesota with an average list price of $238,424 (median $179,900) and an average of 163 days on the market. Last week (September 29 to October 5, 2008) there were 29 homes sold (closed) with an average market time of 78 days.  The average sold price of $144,201 (median $127,000) [...]

[Read more →]

Most of the consumers you talk with will not have a good handle – I am not sure anyone does yet – of the nature of the credit problem. In this short article, I hope to give you at least some quick, understandable talking points when discussing the issue. It is not 100% complete but [...]

[Read more →]