Rochester MN Real Estate Update — February 19-25, 2007

There are currently 1050 homes for sale in Rochester, Minnesota with an average list price of $253,693 and average of 175 days on the market. Last week (February 19 to February 25, 2007) there were 76 new and back on the market listings with an average list price of $222,086 and average market time of 32 days. During this same time period 41 homes went to pending (under contract). The average list price of these homes was $191,911 with an average of 152 days on the market. There were 29 closings in Rochester residential real estate last week, with an average price of $185,999 and 104 days on the market. Last week 23 listings expired; the average asking price was $190,052 with an average of 141 days on the market.

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