Rochester, Minnesota Housing Market Conditions – Monday Morning Market Update

The steady stream of Rochester, Minnesota home sales continued last week (June 10-16, 2011)with 31 homes that went under contract, 15% more than the same time period a year ago. According to the Multiple Listing Service (MLS) the average asking price for these Rochester, Minnesota homes was $207,319 and the average market time was 103 days.  There were 41 new residential listings last week in Rochester, Minnesota with an average asking price of $186,525.

The 41 home sales that closed last week in Rochester, Minnesota averaged 126 days on the market and had an average sold price of $195,811, 94.7% of the asking price and 91.1% of the original listing price.

There are currently 1001 homes for sale in Rochester, Minnesota with an average asking price of $210,819 and an average market time of 167 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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