Monday Morning Rochester Real Estate Market Update

Good morning!  Let’s keep thinking Spring!

Last week (March 23-29, 2009) there were 63 new listings and 13 that came back on the market.  Average list price was $201,346 (median $165,900) and $233,107 (median $159,900) respectively. Seven listings canceled, one was withdrawn, ten expired, and fourteen were extended.

There were 35 residential properties that went under contract (to pending) last week with an average list price of $175,560 (median $149,500) and an average market time of 90 days.

The 18 homes that sold (closed) last week had an average sold price of $167,641 (median $142,445), 93.22% of the list price, 84.56% of the original list price.  These homes had an average of 179 days on the market.

There are currently 1,096 homes for sale in Rochester, Minnesota.  Average asking price is $227,482 (median $174,900); average market time is 149 days.

This entry was posted in Real Estate News. Bookmark the permalink.