Rochester MN Real Estate Update (March 19-25, 2007)

There are currently 1212 homes for sale in Rochester, Minnesota with an average list price of $248,514 and average of 151 days on the market. Last week (March 19 to March 25, 2007) there were 103 new and back on the market listings with an average list price of $217,347 and average market time of 51 days. During this same time period 56 homes went to pending (under contract). The average list price of these homes was $208,099 with an average of 118 days on the market. There were 27 closings in Rochester residential real estate last week, with an average price of $174,615 and 120 days on the market. Last week 31 listings expired; the average asking price was $183,718 with an average of 124 days on the market.