Rochester MN Real Estate (August 21 to August 27, 2006)

The week of August 21 to August 27, 2006 there were 87 new and back on the market listings with an average list price of $195,392 and average market time of 188 days. During this same time period 44 homes went to pending (under contract). The average list price of these homes was $227,341 with an average of 130 days on the market. There were 37 closings, with an average price of $222,097 and 118 days on the market. Fifty listings expired; the average asking price was $197,859, average of 109 days on the market.