Rochester MN Real Estate Market Blog

As we begin the last week of January there are 867 active residential listings in Rochester, Minnesota according to the Multiple Listing Service (MLS).  The average list price for these properties is $223,938 (median $169,900), average market time is 172 days. Last week (January 18-24, 2010) there were 53 new listings, an increase of 39% [...]

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Looking at the average sold price and average market time for homes that have sold in Rochester, Minnesota in the last two years, we can see a hopeful trend for improving market conditions.  While the chart clearly demonstrates the impact of the economic downturn and continued higher inventories of properties for sale, a year-end up-turn [...]

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Happy New Year!  Hard to believe that we’re already a decade into this century. It’s been well-established that 2009 was a difficult year for the economy, and the Rochester area real estate market was no exception with lower volumes, long market times, and decreased prices.  On a positive note, the downward shift was less than [...]

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Even as the economy works to recover, foreclosure sales are still common.  Frequently these properties are appealing because they are priced to sell, often well below market value.  However, there are several obstacles and pitfalls that a buyer can expect to encounter.  The savvy buyer knows that forewarned is forearmed and approaches the purchase of [...]

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Good morning! According to the MLS (Multiple Listing Service) there were 43 new listings last week  (January 11 to 17, 2010), an increase of 72% over the same time period last year, and 16 homes that went under contract (to pending), an increase of 33% from a year ago.  The number of homes sold (closed) [...]

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Good morning! There were 12 homes that sold (closed) in Rochester, Minnesota last week (1/4/10 to 1/10/10) according to the Multiple Listing Service (MLS), just one more than the same time period last year.  The average sold price for these h0mes was 59% higher this year ($234,817 compared to $147,873), and 94.9% of the asking [...]

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I’ve taken a new listing at 2835 17th Ave NW Rochester, MN 55901.  It is a 4 bedroom, 2 bath ranch in Crescent Park.  The listing number is 4017265 and the home info line number is 397930.  You can find all the details here.

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Good morning and happy 2010! Given where the holidays fell last week (December 28, 2009 to January 3, 2010), it’s not surprising that the number of new listings, homes going to pending, and those which sold last week were all down about 40% over last year according to the MLS (Multiple Listing Service).  The average sales [...]

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