Monday Morning Market Update for Rochester, Mn

The Rochester, Minnesota spring market is plugging right along. Signed contracts in Rochester last week were down from the previous week, but were 11% more than the same time period a year ago.  The 40 residential properties that went under contract had an average asking price of $184,692 and an average of 146 days on the market.

According to the Multiple Listing Service (MLS) there were 43 new listings last week (May 6 to 12, 2011). Average asking price for these homes was $201,937.  Last week’s 25 closings had an average sold price of $142,497, 96.2% of the asking price, 91.3% of the original listing price. 

There are currently 1066 homes for sale in Rochester with an average asking price of $218,415 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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