Monday Morning Market Update for Rochester, Minn

There are currently 1086 active residential listings in Rochester, Minnesota with an average list price of $232,507 (median $179,900) and an average market time of 146 days.

There were 59 new listings and 13 that came back on the market last week (April 13 to 19, 2009).  The average asking price for these homes was $242,852 (median $189,900) and $178,892 (median $144,900) respectively.  Three listings were withdrawn, seven expired, twelve canceled, and nine were extended.

Last week 45 homes went to pending (under contract) in Rochester, with an average list price of $162,093 (median $154,900) and an average of 111 days on the market.

The 17 homes that sold (closed) last week had an average market time of 109 days.  The average sold price of $169,533 (median $137,900) was 97.77% of the list price, 94.95% of the original asking price.

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