Rochester, Minnesota Housing Market Conditions – Monday Morning Market Update

For a while now we’ve been seeing consistent buyer activity, with signed contracts continuing at a fairly steady level. There were 31  homes that went under contract in Rochester, Minnesotalast week (August 5 to 11, 2011). Average asking price for these homes is $167,629; average market time is 103 days.  New residential listings are also remaining at consistent levels with 44 new listings last week. The average list price for these properties is $225,441.

Last week’s 21 closings on residential properties had an average sold price of $218,694, 94.8% of the asking price, 89.1% of the original list price. These homes averaged 219 days on the market.

There are currently 910 homes for sale in Rochester, Minnesota with an average asking price of $209,197 and an average market time of 161 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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