Rochester MN Real Estate Market Blog

Happy New Year!  Hard to believe that we’re already a decade into this century.
It’s been well-established that 2009 was a difficult year for the economy, and the Rochester area real estate market was no exception with lower volumes, long market times, and decreased prices.  On a positive note, the downward shift was less than half [...]

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Even as the economy works to recover, foreclosure sales are still common.  Frequently these properties are appealing because they are priced to sell, often well below market value.  However, there are several obstacles and pitfalls that a buyer can expect to encounter.  The savvy buyer knows that forewarned is forearmed and approaches the purchase of [...]

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Good morning!
According to the MLS (Multiple Listing Service) there were 43 new listings last week  (January 11 to 17, 2010), an increase of 72% over the same time period last year, and 16 homes that went under contract (to pending), an increase of 33% from a year ago.  The number of homes sold (closed) remained [...]

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Good morning!
There were 12 homes that sold (closed) in Rochester, Minnesota last week (1/4/10 to 1/10/10) according to the Multiple Listing Service (MLS), just one more than the same time period last year.  The average sold price for these h0mes was 59% higher this year ($234,817 compared to $147,873), and 94.9% of the asking price, [...]

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Good morning and happy 2010!
Given where the holidays fell last week (December 28, 2009 to January 3, 2010), it’s not surprising that the number of new listings, homes going to pending, and those which sold last week were all down about 40% over last year according to the MLS (Multiple Listing Service).  The average sales price [...]

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Good morning!
There are currently 827 residential properties for sale in Rochester, MN with an average asking price of $229,803 (median $174,900) and an average of 186 days on the market. 
According to the MLS (Multiple Listing Service) there were 15 new listings last week (December 21 to December 27, 2009) an increase of 50% over the same [...]

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I have had a feature on my website for quite sometime called Market Snapshot. This feature allows anyone who is interested in real estate activity, new listings, home sales, etc.  in the Rochester Minnesota area the ability to watch the local multiple listing service (MLS) activity relative to their home or a home they might [...]

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Good morning!
There are currently 836 residential properties for sale in Rochester, MN with an average list price of $231,090 (median $177,500) and average market time of 182 days.  According to the Multiple Listings Service (MLS) there were 876 homes for sale last week, down just 3% from last year.
There were 18 new listings last week (December [...]

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Unfortunately, in our current economic climate, more and more homeowners are finding themselves trapped in homes they can no longer afford and are falling behind in their mortgage payments.  With market values plummeting, many mortgages are much higher than what the home is now worth.
Simply selling and getting out doesn’t appear to be a viable [...]

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As I write this month’s Rochester real estate market activity update, the snow is falling and the weatherman is predicting 8 to 15 inches of snow. Needless to say, my teenage kids are ecstatic at the prospect of a good old-fashioned snow day tomorrow. A snow storm is usually not good for the real estate [...]

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