Rochester MN Real Estate Market Blog

Good morning! Total active listings (1265)  last week (June 25 to July 1, 2010) were up 14% over last year (1112).  There are currently 1173 residential properties for sale in Rochester, MN with an average asking price of $228,552 (median $174,900) and an average market time of 159 days. Last week we saw a very welcome [...]

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Good morning!  Hard to believe that 2010 is already almost half over! Total active listings (1264)  last week (June 18 to 24, 2010) were up 16% over last year (1094).  Average list price for these homes was $299,625 (median $174,900); average market time was 158 days.  There are currently 1194 residential properties for sale in [...]

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Good morning! More than twice as many new listings came onto the market last week (June 8 to 14, 2010) as went off the market under contract.  Even so the number of new listings was down 16% from a year ago.  The 47 new listings had an average list price of $176,919 (median $144,900) and there were 20 [...]

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The total volume of homes that closed in May topped $33 million, the highest volume since last June’s volume of nearly $53 million and falling just short of May, 2009’s $33.8 million. The average list price of new listings in May was $235,215 with the average of all active listings slightly below that at $231,027.  [...]

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There are currently 1195 residential listings for sale in the Rochester, MN area according to the Multiple Listing Service (MLS).  These homes have an average asking price of $233,594 (median $179,900) and an average market time of 151 days. Last week (May 24 to 30, 2010)  there were 36 new listings (down 18% from last [...]

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Good morning! According to the Multiple Listing Service there are currently 1221 residential homes for sale in Rochester, Minnesota with an average list price of $234,874 (median $179,900) and an average of 150 days on the market. Last week (May 17 to 23, 2010) there were 56 new listings (an increase of 37% over last [...]

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Good morning! There were 36 homes that sold (closed) last week (May 10-16, 2010) in Rochester, Minnesota with an average sold price of $161,667 (median $141,950) and an average of 87 days on the market. According to the MLS (Multiple Listing Service) 29 homes went under contract to pending last week with an average asking price of [...]

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Wow! Last month the Rochester area residential real estate market experienced its highest volume of homes going under contract in three years with 281 homes going to pending.  While the Home Buyer Tax Credit deadline certainly played a role in the increased volume, in Rochester, March or April is historically the month with the single [...]

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Good morning! Last week (May 3 to 10, 2010) there were 42 new listings and 41 listings that went off the market under contract, each representing a 1/3 drop from the same time period a year ago.  The 32 homes that closed last week were a 78% jump from last year. There are currently 1228 [...]

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Good Morning! Residential closings in Rochester last week, although down nearly 50% from a year ago, were double the volume of the previous week this year with 35 homes closing in the last week of April.  The average sold price for these homes was $169,749 (median $151,000), 98.9% of the listing price, 92.2% of the [...]

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