Rochester Minnesota Real Estate Housing Market Update – Monday Morning Market Update

The number of  new residential listings in Rochester, Minnesota nearly doubled week over week with 64 homes coming on the market last week (January 27-February 6, 2012). Average asking price for these homes was $193,353. Signed contracts were down slightly from the previous week with 24 homes that went under contract. The average asking price for these homes was $159,337; average market time was just 68 days.

Showings have been steadily increasing with volume up week over week since the beginning of December. Last week there were 2107 showings of residential properties in the Rochester, Minnesota area as spring activity picks up.

There were 32 closings last week. These homes had an average sold price of $198,064, which was 97.5% of the asking price, 92.9% of the original list price. Average market time for these homes was 99 days.

There are currently 627 homes for sale in Rochester, Minnesota with an average list price of $207,200 and an average market time of 174 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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