Good Morning!
According to the Multiple Listing Service (MLS) there are currently 1050 residential properties for sale in Rochester, MN. In the last week (11/21-11/27/2009) there were 491 active listings in Northwest Rochester, 181 Northeast, 241 Southwest, and 186 Southeast, for a total of 1099 active listings.
There were 46 new listings last week, down 4% from a year ago. Average asking price for these homes was $195,399 (median $154,520). There were 14 listings that came back on the market (average list price $191,514, median $134,900, DOM 85), 21 that were extended (average list $190,404, median $168,000, DOM 199), 8 expired (average list $170,475, median $136,900, DOM 180), 18 cancelled (average list $186,460, median $159,900, DOM 121) and 1 listing withdrawn (asking price $289,900 and 245 days on the market).
The MLS reports that 30 homes went under contract (to pending) last week, an increase of 25% over last year. The average asking price was $153,343 (median $136,900); average market time was 135 days.
The 21 homes that sold (closed) last week represented a decrease of 58% from last year. The average sold price of $177,325 (median $148,900) was 97.5% of the list price, 90% of the original asking price. These homes averaged 135 days on the market.
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