Rochester Minnesota Residential Real Estate Market Conditions – Monday Morning Market Update (10/29/2012)

There were 33 homes that found buyers last week in the Rochester, Minnesota area. Average listing price for the residential properties going under contract to pending was $183,054; average market time for these homes was 83 days. Pending listings slightly outpaced last week’s 28 new residential listings that came onto the Rochester area market. Average asking price for these new listings was $207,646. There were 21 closings last week with an average sold price of $164,270 and an average of 102 days on the market.

There are currently 626 homes for sale in Rochester, Minnesota, 20% fewer than this time a year ago. The average asking price for these properties is $229,305, with an average market time of 138 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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