Rochester MN Real Estate Update (September 11 to September 17, 2006)

There are currently 1139 homes for sale in Rochester, Minnesota with an average list price of $249,661 and average of 155 days on the market. Last week (September 11 to September 17, 2006) there were 90 new and back on the market listings with an average list price of $234,198 and average market time of 75 days. During this same time period 37 homes went to pending (under contract). The average list price of these homes was $199,405 with an average of 117 days on the market. There were 31 closings in Rochester residential real estate last week, with an average price of $192,023 and 108 days on the market. Last week 61 listings expired; the average asking price was $221,800 with an average of 139 days on the market.

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