Happy New Year!
The Rochester, MN area housing market finished off the year with 12 signed contracts and 22 closings, both up from a year earlier. The 16 new listings had an average list price of $185,362. The homes that went under contract last week (December 24 to 30, 2010) had an average list price of $151,450 and an average market time of 96 days.
The average sold price for the 22 homes that closed last week was $166,614, 96.1% of the asking price, 87.1% of the original list price. Average market time for these properties was 153 days.
There are currently 801 residential properties for sale in Rochester, MN with an average list price of $201,700 and 208 days on the market.