Rochester Minnesota Residential Real Estate Market Conditions – Monday Morning Market Update (09/17/2012)

Another week, another solid number of homes going off the market under contract in Rochester, Minnesota. There were 43 new residential listings in Rochester Minnesota last week (September 7 to September 13, 2012) with an average listing price of $198,688. The new listings just slightly outpaced the 39 homes that went off the market under contract to pending last week. Average asking price for these homes was $179,862 and average market time was 86 days.

There were 19 closings last week on Rochester area homes with an average sold price of $156,963. These properties average 117 days on the market. The inventory of homes for sale continues to contract, with just 685 homes currently listed for sale in Rochester Minnesota. Average asking price for these homes is $225,677 and average market time is 137 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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