Rochester Minnesota Housing Market Conditions – Monday Morning Market Update

Spring is still in full force in the Rochester area real estate market as 50 more homes went off the market under contract last week and another 53 properties were listed for sale.

The 50 homes that went under contract last week (April 20-26, 2012) had an average listing price of $168,214; average market time for these properties was 83 days. Last week’s 53 new residential listings had an average asking price of $185,861.

There were 27 residential real estate closings in the Rochester area last week. The average sold price of $146,105 was 98.4% of the asking price, 92.9% of the original listing price. These homes averaged 151 days on the market.

There are currently 793 active listings in Rochester, Minnesota with an average asking price of $217,811 and an average market time of 132 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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