Monday Morning Market Update for Rochester, MN

Rochester area housing market activity picked up in the week after Thanksgiving (November 26 to December 2, 2010) wtih 34 new listings and 31 closings.  Pending listings stayed steady from a week earlier with 16 signed contracts. 

Average list price for the 34 new listings was $206,827; average for the homes that went under contract was $209,542. The 31 homes that closed last week had an average sold price of $173,270, 96.4% of the asking price, 90.1% of the original list price.  Average market time for these homes was 124 days.  There are currently 886 homes for sale in the Rochester, Minnesota with an average asking price of $207,642 and an average of 205 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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