Monday Morning Market Update for Rochester, MN

Happy New Year!

The Rochester, MN area housing market finished off the year with 12 signed contracts and 22 closings, both up from a year earlier.  The 16 new listings had an average list price of $185,362.  The homes that went under contract last week (December 24 to 30, 2010) had an average list price of $151,450 and an average market time of 96 days.

The average sold price for the 22 homes that closed last week was $166,614, 96.1% of the asking price, 87.1% of the original list price.  Average market time for these properties was 153 days.

There are currently 801 residential properties for sale in Rochester, MN with an average list price of $201,700 and 208 days on the market.

To view this past week’s area real estate activity, click here for new listings and click here for pended listings.

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