Rochester Minnesota Real Estate Update (July 31 to August 6, 2006)

There are currently 1126 homes for sale in Rochester, Minnesota with an average list price of $251,334 and average of 142 days on the market. Last week (July 31 to August 6, 2006) there were 67 new and back on the market listings with an average list price of $199,316 and average market time of 80 days. During this same time period 39 homes went to pending (under contract). The average list price of these homes was $181,092 with an average of 105 days on the market. There were 52 closings in Rochester residential real estate last week, with an average price of $206,167and 94 days on the market.

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