Rochester MN Real Estate Market Blog

For a while now we’ve been seeing consistent buyer activity, with signed contracts continuing at a fairly steady level. There were 31  homes that went under contract in Rochester, Minnesotalast week (August 5 to 11, 2011). Average asking price for these homes is $167,629; average market time is 103 days.  New residential listings are also remaining at consistent levels with 44 [...]

[Read more →]

Signed contracts, new listings, and home closings were all up last week compared to the same time last year as the market continued along as it has for several weeks now.  There were another 28 signed contracts on residential properties in Rochester, Minnesota last week (July 29-August 4, 2011), down slightly from a week earlier but up [...]

[Read more →]

There were another 30 signed contracts on residential properties in Rochester, Minnesota last week, with the market continuing to plug along at a fairly consistent level for a while now. This represented a 36% jump over last year when home sales slowed considerably following the Home Buyer’s Tax Credit. It’s encouraging to see that without the stimulus this year, there has still been a [...]

[Read more →]

With Independence Day behind us, Rochester, Minnesota area home sales and closings picked up again last week with 41% more homes going under contract than a year ago at this time and 22% more homes closing. New on the market listings remained steady year over year for the week of July 8 to 14. The [...]

[Read more →]

At the National Association of REALTORS Mid-Year Conference in Washington, D.C. there was much discussion regarding several reforms proposed by regulators that would negatively impact homeowners and sellers. The Mortgage Interest Deduction (MID) is of concern to all homeowners. This tax deduction has been around for over 100 years and undoubtedly makes a huge difference [...]

[Read more →]

Through the first half of 2011, there were 934 signed contracts, up slightly from a year ago. There were 157 residential properties in Rochester, Minnesota that went under contract in June, 2011, a drop of nearly 18% from a month earlier, but up 34% from last year. Average list price for these homes was $195,466. [...]

[Read more →]

The Rochester, Minnesota area real estate market kept moving right along through the holiday weekend with new listings and signed contracts in the first week of July down just over 10% compared to a year ago. There were 21  homes that went under contract in Rochester, Minnesota last week (July 1-7, 2011) according to the Multiple Listing Service (MLS).  The average [...]

[Read more →]

Signed contracts outpaced new listings last week (June 24-30, 2011)  in the Rochester, Minnesota residential real estate market by nearly 25% and were up 8% over a year ago. These homes that went under contract had an average list price of $142,002 and an average market time of 129 days. According to the Multiple Listing [...]

[Read more →]

Promising signs last week in the Rochester, Minnesota residential real estate market. Despite the number of homes sold last week (June 17-23, 2011) being down 18% from a year ago, the dollar volume was only down 1%, with the volume of last week’s closings reaching $7,650,396.  The number of new listings and of homes going under [...]

[Read more →]

The steady stream of Rochester, Minnesota home sales continued last week (June 10-16, 2011)with 31 homes that went under contract, 15% more than the same time period a year ago. According to the Multiple Listing Service (MLS) the average asking price for these Rochester, Minnesota homes was $207,319 and the average market time was 103 days.  There were 41 [...]

[Read more →]