Rochester MN Real Estate Market Blog

Good morning!
There are currently 823 residential properties for sale in Rochester, Minnesota.  The average list price for these properties is $224,992 (median $175,000) and average market time is 190 days.  Last week (January 19 to January 25, 2009) there were 846 residential properties for sale (average list price $225,607, median $175,000, 186 days on the [...]

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There are currently 800 residential properties for sale in Rochester, Minnesota with an average list price of $223,072 (median $174,900) and average of 185 days on the market.
Last week (January 5-11, 2009) there were 816 residential properties for sale.  Average list price was $224,025 (median $174,900) and average market time was 183 days.
There were 30 [...]

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We currently at record low interest rates which is great for the current real estate market but how long can we expect to see them at these levels. Larry Baer with Market Alert has written a great commentary regarding this subject.
Commentary By Larry Baer:
Thank-you Mr. Bernanke – your plan is working like a charm so [...]

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How did the Rochester Minnesota real estate market fair in 2008?  Here are the final numbers from the Southeast Minnesota Multiple Listing Service. The market saw a 15.3% decrease in overall single family sales in Rochester down from 1,792 in 2007 to 1,547 for 2008.  Despite the lagging sales, prices held up much better then the rest of [...]

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With the 2008 real estate market behind us I’m looking forward to 2009.  With interest rates at all time lows I’m anticipating an early start to our sales season which usually builds to full steam in March.  In the next few days I will have actual sales stats for 2008.  So far we know that [...]

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