Rochester Minnesota Residential Real Estate Market Conditions – Monday Morning Market Update (07/16/2012)

The Rochester Minnesota area residential real estate market is continuing to steam along through the summer with 48 new residential listings and 26 homes going under contract to pending last week. The new listings had an average asking price of $192,973; the homes with signed contracts had an average list price of $216,095 and an average market time of 96 days.

There were 12 closings last week on Rochester area homes. Average sold price for these homes was $178,647; average market time was 102 days.

There are currently 773 homes for sale in Rochester, Minnesota with an average price of $209,541 and an average of 128 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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