As we head into the Thanksgiving holiday week, the number of available homes for sale continues to contract with just 570 active residential listings in the Rochester, Minnesota area. Average asking price for these homes is $221,926 and average market time is 136 days.
There were 19 homes that went under contract to pending last week with an average list price of $206,368 and an average of 131 days on the market. Last week’s 26 new residential listings came onto the market with an average asking price of $194,450. There were just 12 closings in Rochester last week. Average sold price for these homes was $152,997, 96.2% of the asking price, but just 88.1% of the of the original list price. These properties had an average of 196 days on the market.
Shawn Buryska, Coldwell Banker Burnet Realty, Licensed in the state of Minnesota