Rochester MN Real Estate Market Blog

The seasonally reduced activity continued at typical levels last week in Rochester, Minnesota with 15 new listings, 19 signed contracts and 29 closings. The homes that went under contract last week (November 18 to 24, 2011) had an average asking price of $182,357 (median $158,000) and an average market time of just 167 days.  The new residential listings that came on the [...]

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From home ownership trends to predictions regarding future home prices, Rochester, Minnesota appears to be holding its own. The 2010 Census information is beginning to be released and, according to 24/7 Wall Street’s analysis of the data, Minnesota has the 2nd highest percent of home ownership (73%), second only to West Virginia. This analysis points [...]

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After a sharp drop-off in home sales in September, the number of pending listings stayed steady in October, with 114 homes going under contract, an increase of 16.3% over a year earlier. Compared to last year’s flurry of buyer activity and sharp drop-off following the end of the tax credit, Rochester, Minnesota home buyers have [...]

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The Rochester Minnesota area housing market slowed slightly last week with 20 signed contracts, 22 new listings, and 18 closings. The homes that went under contract last week (November 4 to 10, 2011) had an average asking price of $142,620 (median $142,200) and an average market time of just 69 days, indicating these homes were priced accurately from the outset.  [...]

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At the risk of sounding like a broken record (does anyone remember those?), the number of homes going under contract each week has remained at a fairly steady level for quite a while now. The average asking price for those homes with signed contracts, however, is trending downward.  Last week (October 28 to November 3, 2011) there were 27 residential [...]

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I’ve taken a new listing at 728 1st Ave SW #304.  It is a 2 bedroom, 1 bath  condo at Point of View Condos.  The listing number is 4033070.  You can find all the details here.

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