Monday Morning Real Estate Update for Rochester, MN

Good morning!  We’re already halfway through June and almost halfway through the year!

There are currently 1014 homes for sale in Rochester, Minnesota with an average asking price of $241, 866 (median $184,900) and an average market time of 147 days.

Last week (June 7 to June 13, 2009) there were 52 new listings and 10 that came back on the market.  Average list price for these properties was $217,097 (median $179,900) and $218,159 (median $164,900). There were 3 listings withdrawn, 14 canceled, 8 expired, and 18 extended.

There were 26 listings that went to pending (under contract) last week.  Average list price was $191,853 (median $156,900) and average market time was 151 days.

The 34 homes that closed last week had an average sold price of $180,700 (median $171,950), 97.34% of the list price, 95.16% of the original list price.  These properties averaged 77 days on the market.

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