Monday Morning Real Estate Update for Rochester, Minnesota

There are currently 1036 homes for sale in Rochester, Minnesota.  The average asking price is $239,281 (median $181,900) and average marktet time is 151 days.

Last week (May 11 to 17, 2009) there were 52 new listings and 8 that came back on the market.  Average list price was $220,386 (median $164,900) and $210,600 (median $159,900) respectively.  Two listings withdrew, 17 were cancelled, 5 expired, and 9 were extended.

There were 44 listings that went to pending (under contract) last week with an average price of $204,017 (median $174,900) and an average of 121 days on the market.

The 23 homes that sold (closed) last week had an average sold price of $190,025 (median $161,200), 96.82% of the list price, 95.10% of the original asking price.  These properties averaed 177 days on the market.

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