Rochester MN Real Estate Market Update (April 28 to May 4, 2008)

There are currently 1172 residential properties for sale in Rochester, Minnesota with an average list price of $234,262 and 156 days on the market.

Last week, April 28 to May 4, 2008, there were 1223 homes for sale; average list price of these properties was $234,715 with an average market time of 158 days.

There were 67 new listings last week (average list price of $197,670) and 12 listings that came back onto the market ($141,403 average list price and 156 days on the market).  One listing was withdrawn, fifteen canceled, and eighteen expired.

Last week 64 homes went under contract (to pending).  The average list price was $209,452, average market time was 131 days.  There were 71 closings last week with an average sold price of $170,805, 98% of the list price and 94% of the original list price.  Average market time for the homes that sold last week was 117 days.

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