Real Estate Market Conditions for Rochester, Minnesota

Another solid week for the Rochester, Minnesota area real estate market last week (September 23 to 29, 2011) with 22  listings that went under contract and 38 new residential listings. Average asking price for the homes that went under contract was $144,793; average market time for these homes was 115 days. The average list price for last week’s new listings was $193,752.

There were 30 residential closings last week in Rochester Minnesota.  These homes had an average sold price of $177,376 — 97.1% of the list price but just 91.2% of the original asking price. Average market time for these homes was 109 days.

Total active listings of homes for sale in Rochester, Minnesota remained nearly one-fourth lower than a year ago. There are currently 819 active residential listings in Rochester, Minnesota. Average list price for these homes is $208,394; average market time to date is 164 days.

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

Shawn Buryska, Coldwell Banker Burnet Realty, Licensed in the state of Minnesota

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