Rochester MN Real Estate Update (May 21-27, 2007)

There are currently 1228 homes for sale in Rochester, Minnesota with an average list price of $247,467 and average of 146 days on the market. Last week (May 21 to May 27, 2007) there were 71 new and back on the market listings with an average list price of $244,988 and average market time of 18 days. During this same time period 47 homes went to pending (under contract). The average list price of these homes was $205,802 with an average of 92 days on the market. There were 51 closings in Rochester residential real estate last week, with an average price of $227,564 and 93 days on the market. Last week 22 listings expired; the average asking price was $209,425 with an average of 145 days on the market.