Residential Market Conditions for Rochester, MN (May 26 to June 1, 2008)

There are currently 1144 residential properties for sale in Rochester, Minnesota with an average list price of $240,961 and average of 155 days on the market.

Last week (May 26, 2008 through June 1, 2008) 40 listings went under contract (to pending). Average list price for these homes was $192,341; average market time was 126 days. The average sales price for the 97 homes closing last week ($183,625) was 98.43% of the listing price($186,559) and 95.03% of the original list price. Average market time for these homes was 125 days.

There were 54 new listings last week (average list price of $225,022), 11 came back on the market (average list price of $241,000, 211 days on the market), 16 listings expired, 15 listings cancelled, and 32 listings were extended.

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