Good morning! Hard to believe that 2010 is already almost half over!
Total active listings (1264) last week (June 18 to 24, 2010) were up 16% over last year (1094). Average list price for these homes was $299,625 (median $174,900); average market time was 158 days. There are currently 1194 residential properties for sale in Rochester, MN with an average asking price of $231,220 (median $174,950) and an average market time of 160 days.
Pending sales were down slightly from the previous week and down 23% from a year earlier with 24 signed purchase agreements for residential properties in Rochester. Average list price was $169,150 (median $145,000) and average market time was 129 days. Closings remained steady compared to a year ago with 45 homes sold. Average sold price ($184,951, median $175,800) was 97.4% of the asking price, 94.7% of the original list price. These homes averaged 92 days on the market.
There were 38 new listings, a drop of 14% from last year, but still 60% higher than the number going off the market to pending. New listings had an average list price of $188,052 (median $169,900). There were 19 homes that came back onto the market last week, 6 that expired, 3 were withdrawn, and 17 canceled.