Monday Morning Market Update for Rochester, MN

Good morning! It was another active week in the Rochester area real estate market!  There were nearly twice as many signed contracts and closings last week than the previous week, with even more new listings coming onto the market.

Last week’s 20 closings had an average market time of 117 days and an average sold price of $193,316.  The 41 homes that went under contract last week averaged 162 days on the market and had an average list price of $173,753.

There were 98 new listings last week (March 11 to 17, 2011) up 23% from last week and 17% from last year at this time.  The average asking price for these homes is $213,587.  There are currently1050 residential properties for sale in Rochester, Minnesota, averaging 168 days on the market and having an average list price of $214,684. 

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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