Monday Morning Market Update for Rochester, MN

Another strong week in the Rochester, Minnesota housing market with 51 signed contracts.  There were 46 new listings and 22 closings last week (April 15 to 21, 2011).

The 51 homes that went under contract last week had an average asking price of $180,234 and averaged 97 days on the market.  Last week’s 46 new listings had an average asking price of $155,308.  Average sold price for the 22 closings last week was $117,425, 94.9% of the asking price, 87.6% of the original list price; average market time for these homes was 118 days. 

According to the Multiple Listing Service (MLS) there are currently 1073 homes for sale in Rochester with an average asking price of $214,819 and an average market time of 159 days. 

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 Burnet Realty, Licensed in the state of Minnesota

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