Rochester Minnesota Residential Real Estate Market Conditions – Monday Morning Market Update (08/27/2012)

With the end of summer approaching, the Rochester Minnesota area housing market slowed slightly, but continued steadily with new listings slightly outpacing those going off the market under contract.

Last week’s 32 new residential listings in Rochester Minnesota had an average listing price of $220,293. There were 26 homes going under contract to pending with an average asking price of $166,138 and an average market time of 107 days.

There were 26 closings last week on Rochester area homes. Average sold price for these homes was $187,562; average market time was 101 days. There are currently 733 homes for sale in Rochester Minnesota with an average asking price of $218,026 and average market time of 134 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 Realty, Licensed in the state of Minnesota

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