Monday Morning Market Update for Rochester MN

Residential home closings in the Rochester area were up 72% last week (September 17 to 23, 2010) over a year ago with 31 homes that closed.  These homes had an average market time of 105 days.  The average sold price of $178,286 was 97.3% of the list price, 91.7% of the original asking price. 

There were half as many new listings last week compared to a year ago.  The 24 new listings had an average list price of $192,575.  There were 23 listings that went under contract, down a third from last year.  The pended listings had an average market time of 110 days and an average asking price of $175,447.

There are currently 1095 homes for sale in the Rochester, Minnesota with an average asking price of $221,712 and an average of 186 days on the market.

To view this past week’s area real estate activity, click here for new listings and click here for pended listings.

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