Tuesday Morning Update for Rochester MN Real Estate (September 4 to September 10)

There are currently 1117 homes for sale in Rochester, Minnesota with an average list price of $250,806 and average of 155 days on the market. Last week (September 4 to September 10, 2006) there were 71 new and back on the market listings with an average list price of $231,729 and average market time of 65 days. During this same time period 35 homes went to pending (under contract). The average list price of these homes was $163,442 with an average of 125 days on the market. There were 35 closings in Rochester residential real estate last week, with an average price of $214,764 and 114 days on the market. Last week 69 listings expired; the average asking price was $211,764 average of 114 days on the market.