Rochester MN Residential Real Estate Update (Week of April 16-22, 2007)

There are currently 1220 homes for sale in Rochester, Minnesota with an average list price of $245,417 and average of 144 days on the market. Last week (April 16 to April 22, 2007) there were 90 new and back on the market listings with an average list price of $196,792 and average market time of 47 days. During this same time period 59 homes went to pending (under contract). The average list price of these homes was $202,590 with an average of 92 days on the market. There were 36 closings in Rochester residential real estate last week, with an average price of $182,158 and 97 days on the market. Last week 33 listings expired; the average asking price was $193,233 with an average of 174 days on the market.

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