The Rochester, Minnesota area housing market had a strong final week of August followed by another week of solid activity in spite of the Labor Day holiday.
Last week (August 31 to September 6, 2012) there were 31 new residential listings in Rochester Minnesota with an average listing price of $238,432. There were 25 homes that went under contract to pending last week with an average asking price of $153,419 and an average market time of just 81 days.
There were 40 closings last week on Rochester area homes. Average sold price for these homes was $173,852; average market time was 111 days. There are currently 693 homes for sale in Rochester Minnesota with an average asking price of $222,826 and average market time of 138 days.
Shawn Buryska, Coldwell Banker Burnet Realty, Licensed in the state of Minnesota