Rochester MN Real Estate Market Blog

The spring market is heating up quickly and there is the potential for greater sales volume than we’ve seen in quite a while as the deadline for taking advantage of the home buyer tax credit looms.  First-time home buyers purchasing on or after January 1, 2009 and on or before April 30, 2010 may be [...]

[Read more →]

Good Morning!
There are currently 1129 residential properties for sale in Rochester, Minnesota, 50% more than this time a month ago and 10% higher than a year ago.  The average list price for these homes is $223,765 (median $174,900) and average market time is 150 days.  Last week (March 1 to 7, 2010) there were 1146 homes for sale with an [...]

[Read more →]

Good morning!
There are currently 1054 active residential listings in Rochester, Minnesota.  Average list price for these homes is $220,936 (median $174,900), average market time is 161 days.
According to the MLS (Multiple Listing Service) there were 23 homes that went under contract to pending last week with an average asking price of $166,471 (median $151,550) and [...]

[Read more →]

Good morning!
There are currently 1009 active residential listings for sale in Rochester, MN according to the Multiple Listing Service (MLS), with a median asking price of $174,900 and average of 163 days on the market.
Twelve listings sold last week (February 15-21, 2010) with an average sold price of $125,495 (median $117,950), 97.6% of the asking [...]

[Read more →]

It’s February so it’s not too soon for crocuses and “for sale” signs to start popping up in front yards all over town.  New listings were on the upswing in the first month of the year, heralding the beginning of the spring market. 
 The number of total active listings in January, 2010 was up 44% over [...]

[Read more →]

Good morning and happy President’s Day!
There are currently 969 residential homes for sale in Rochester, MN with an average list price of $224,583 (median $176,900) and an average of 171 days on the market.
According to the Multiple Listing Service (MLS) last week (February 8 to 14, 2010) the volume of new listings was down 26% [...]

[Read more →]

There are currently 928 residential properties for sale in Rochester, MN with an average list price of $223,836 and average market time of 173 days.  According to the MLS (Multiple Listing Service) there were 967 total active residential listings last week (February 1 to 7, 2010) an increase of 5% over the same period a [...]

[Read more →]

Happy February!
According to the Multiple Listing Service (MLS) there are currently 881 homes for sale in Rochester, Minnesota with an average asking price of $224,438 (median $174,900) and an average of 177 days on the market.
Last week (January 25 to 31, 2010) there were 53 new listings and 16 that came back on the market.  [...]

[Read more →]

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% over [...]

[Read more →]

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 [...]

[Read more →]