Monday Morning Real Estate Update for Rochester, Minnesota

Good morning!  Hard to believe it’s June already!

There are currently 1008 residential properties for sale in Rochester, MN with an average list price of $240,424 (median $184,900) and an average of 152 days on the market.

Last week (May 25 to 31, 2009)  there were 39 new listings and 8 that came back on the market.  Average list price was $197,715 (median $179,900) and $270,712 (median $259,900) respectively.  Eight listings expired, 11 were canceled, and 25 were extended.

The 28 homes that went to pending (under contract) last week had an average asking price of $163,244 (median $149,900) and average market time of 105 days.

There were 46 homes that sold (closed) last week.  These properties had an average sold price $194,176 (median $162,277), 97.86% of the asking price, 95.40% of the original list price.  Average market time to was 82 days.

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