Rochester Minnesota Residential Real Estate Market Conditions – Monday Morning Market Update (06/25/2012)

Signed contracts outpaced new listings last week in the Rochester Minnesota area residential real estate market. There were 41 new residential listings with an average asking price of $162,142. The 43 homes going under contract to pending averaged 111 days on the market and had an average list price of $190,636.

There were 62 closings last week on Rochester area homes. Average sold price for these homes was $191,323; average market time was 84 days.

There are currently 781 homes for sale in Rochester, Minnesota with an average price of $214,663 and an average of 131 days on the market.

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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