Real Estate Market Conditions for Rochester MN (May 19 to 25, 2008)

Last week (May 19 to 25) 52 homes sold (went under contract to pending), 55 homes closed, there were 53 new listings, and 16 properties that came back on the market in Rochester, Minnesota.  Six listings expired, 15 cancelled, and 12 listings were extended.

There are currently 1170 active listings in Rochester with a median list price of $184,900, average list price of $238,301 and an average of 157 days on the market.

For homes closing last week (55) the median sold price was $178,200. THe average sold price of $198,954 was 97.93% of the list price, 94.44% of the original list price. Average market time for these properties was 114 days.

Homes going under contract last week (52) had an average of 81 days on the market and an average list price of $180,824.

New listings (53) had an average list price of $194,327, while those coming back on the market (16) had an average list price of $205,867.

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