Rochester Minnesota Residential Real Estate Market Conditions – Monday Morning Market Update (11/26/2012)

Last week saw another steady stream of home sales with 27 signed contracts on residential properties in the greater Rochester, Minnesota area. Average asking price for these homes that went under contract to pending was $174,155; average market time was 139 days.

New listings again edged ahead of those coming off the market as 31 new residential listings went up for sale last week with an average asking price of $205,895. Last week’s 30 closings averaged just 87 days on the market and had an average sold price of $220,520.

There are currently 579 homes for sale in Rochester, Minnesota with an average list price of $224,363 and an average of 136 days on the market.

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 Burnet Realty, Licensed in the state of Minnesota

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