Between the snow and the season the Rochester, MN area real estate market moved along slowly last week (December 10 to 16, 2010) at a comparable level to a year ago. There were 14 signed contracts and 18 closings last week, with 17 homes coming onto the market. There were 905 active listings last week, down slightly from a year ago.
Average list price for the 17 new listings was $181,482; average for the homes that went under contract was $254,342. The 18 homes that closed last week had an average sold price of $187,213, 95% of the asking price, 88.4% of the original list price. Average market time for these homes was 143 days. There are currently 859 homes for sale in the Rochester, Minnesota with an average asking price of $203,276 and an average of 209 days on the market.