Monday Morning Real Estate Update for Rochester MN

Good Morning!

There are currently 1010 homes for sale in Rochester, Minnesota.  The average list price is $241,981 (median $184,900) and average market time is 149 days.

Last week (June 1 through 7, 2009) there were 49 new listings and 20 that came back on the market with an average asking price of $229,887 (median $159,900) and $203,400 (median $154,900) respectively.  Three listings were withdrawn last week, 13 canceled, 22 expired, and 15 were extended.

The 33 residential properties that went to pending (under contract) last week had an average list price of $183,628 (median $139,900) and an average of 141 days on the market.

There were 61 homes that sold (closed) last week.  The average sold price $202, 588 (median $168,000) was 97.71% of the asking price, 94.76% of the original list price.  These homes averaged 127 days on the market.

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