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.