Rochester MN Real Estate Update (April 2 to April 8, 2007)

There are currently 1218 homes for sale in Rochester, Minnesota with an average list price of $248,088 and average of 144 days on the market. Last week (April 2 to April 8, 2007) there were 98 new and back on the market listings with an average list price of $226,110 and average market time of 67 days. During this same time period 69 homes went to pending (under contract). The average list price of these homes was $203,344 with an average of 122 days on the market. There were 25 closings in Rochester residential real estate last week, with an average price of $178,426 and 108 days on the market. Last week 29 listings expired; the average asking price was $230,555 with an average of 137 days on the market.