Rochester MN Real Estate Update (June 18-24, 2007)

There are currently 1227 homes for sale in Rochester, Minnesota with an average list price of $244,396 and average of 147 days on the market. Last week (June 18 to June 24, 2007) there were 79 new and back on the market listings with an average list price of $217,889 and average market time of 45 days. During this same time period 47 homes went to pending (under contract). The average list price of these homes was $193,970 with an average of 104 days on the market. There were 58 closings in Rochester residential real estate last week, with an average price of $185,857 and 88 days on the market. Last week 28 listings expired; the average asking price was $170,010 with an average of 143 days on the market.

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