Rochester MN Real Estate Update (March 26 to April 1, 2007)

There are currently 1207 homes for sale in Rochester, Minnesota with an average list price of $247,864 and average of 146 days on the market. Last week (March 25 to April 1, 2007) there were 105 new and back on the market listings with an average list price of $234,817 and average market time of 35 days. During this same time period 60 homes went to pending (under contract). The average list price of these homes was $191,813 with an average of 102 days on the market. There were 52 closings in Rochester residential real estate last week, with an average price of $163,367 and 142 days on the market. Last week 88 listings expired; the average asking price was $234,212 with an average of 172 days on the market.

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