Rochester, Minnesota Real Estate Housing Market – Monday Morning Update

Rochester, Minnesota home sales keep moving right along. Last week (June 3 to 9, 2011), there were again 34 homes that went under contract, nearly half again as many as the same time period a year ago. According to the Multiple Listing Service (MLS) the average asking price for these Rochester, Minnesota homes was $184,117 and the average market time was 96 days.  There were 45 new residential listings last week in Rochester, Minnesota with an average asking price of $161,125.

The 24 home sales that closed last week in Rochester, Minnesota averaged 149 days on the market and had an average sold price of $188,861, 91.4% of the asking price and 86.2% of the original listing price.

There are currently 1005 homes for sale in Rochester, Minnesota with an average asking price of $212,435 and an average market time of 164 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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