Monday Morning Market Update for Rochester, MN

Happy Valentine’s Day!

There were 20 signed contracts on residential properties in Rochester, Minnesota last week (February 4 to 10, 2011), the same number as last year at this tme.  These homes had an average list price of $164,423 and an average market time of 133 days.  There were twice as many closings last week as a year ago, with the 15 homes that closed having an average sold price of $194,593 — 95% of the list price, 80% of the original asking price.  There were 49 new listings last week, down nearly 20% from a year ago, with an average asking price of $243,947.

There are currently 844 residential properties for sale in Rochester, Minnesota with an average list price of $209,198 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.

Shawn Buryska, Coldwell Banker Realty, Licensed in the state of Minnesota

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