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.
Shawn Buryska, Coldwell Banker Burnet Realty, Licensed in the state of Minnesota