Rochester MN Real Estate Conditions (Jan 28 to Feb 3, 2008)

There are currently 981 active listings for sale in the Rochester, Minnesota residential real estate with an average list price of $237,050 and an average of 196 days on the market. 

Last week there were 55 new listings with an average asking price of $195,878 and an average of 9 days on the market.  There were 13 listings that came back onto the market last week (January 28 through February 3, 2008); average list price for these properties was $229,323 and average market time was 258 days.  The 32 listings that went under contract (to pending) had an average list price $175,676 and market time of 143 days.  There were 8 expired listings in Rochester, 6 canceled, and 3 withdrawn.

Seventeen properties sold last week with an average list price of $147,576 and 127 days on the market, and an average sold price of $144,503.

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