Rochester Real Estate Update Week of July 17-23

There are currently 1167 homes for sale in Rochester, Minnesota with an average list price of $250,580 and average of 146 days on the market. Last week (July 17 to July 23, 2006) there were 75 new and back on the market listings with an average list price of $197,910 and average market time of 46 days. During this same time period 47 homes went to pending (under contract). The average list price of these homes was $201,050 with an average of 93 days on the market. There were 39 closings in Rochester residential real estate last week, with an average price of $214,156 and 70 days on the market.

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