Rochester, Minnesota Residential Real Estate Market – Monday Morning Market Update

Signed contracts outpaced new listings last week (June 24-30, 2011)  in the Rochester, Minnesota residential real estate market by nearly 25% and were up 8% over a year ago. These homes that went under contract had an average list price of $142,002 and an average market time of 129 days.

According to the Multiple Listing Service (MLS), the  Rochester area new residential listings  last week had an average asking price of $212,769.  There were 67 residential home sales that closed last week in Rochester, Minnesota averaging  116 days on the market. The average sold price of $178,567 was 97.5% of the asking price and just 89.5% of the original listing price.

There are currently 951 homes for sale in Rochester, Minnesota with an average asking price of $209,537 and an average market time of 171 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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