Rochester MN Residential Real Estate Mkt Conditions (6/23-6/29/08)

July already!

There are currently 1096 homes for sale in Rochester, MN with an average list price of $240,352 and average market time of 151 days.

Last week (June 23 to 29, 2008) 34 homes sold (went under contract to pending) with an average list price of $168,572 and 116 days market time. There were 54 closings; average sold price of $207,355 was 96.43% of the original list price and 98.92% of the asking price (avg. $209,627). Market time for these properties averaged 91 days.

There were 45 new listings last week with an average list price of $177,535, and 13 listings came back on the market (avg. list price $183,976, avg. mkt time of 152 days). Three listings were withdrawn, 25 cancelled, 8 expired, and 27 were extended.

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