Real Estate News
Rochester Area Monthly Market Conditions – August 2010
Homes have continued to sell in Rochester through the summer months, although at a much lower volume than in previous years. The Home Buyer Tax Credit briefly shifted the curve upward, putting home sales through the end of April on … Read more >
Morning Market Update for Rochester, MN
The focus seems to be more on preparing for back to school than on buying homes as things slowed a little last week in the local real estate market. Last year’s numbers would imply that this is the norm for … Read more >
Monday Morning Market Update for Rochester, MN
Good morning!
The Rochester area residential housing market is continuing to plug along. Although the sales activity is still shifted significantly downward from a year ago, we have been seeing slow steady improvement week over week for a few weeks … Read more >
Monday Morning Market Update for Rochester, MN
Good morning!
Here we are in August already! Market activity through the end of July continued down significantly from a year ago. However, we did see a little more activity last week (July 23 to 29, 2010) over the previous … Read more >
Monday Morning Market Update for Rochester, MN
Good morning!
It’s the last week of July, we’re heading into the last month of the summer, and it shows. The Rochester area housing market continued along at a slower pace, with 37% fewer homes under contract last week compared … Read more >
Monday Morning Market Update for Rochester, MN
Good morning!
The Rochester area real estate market picked up a little last week (July 9 to 15, 2010) over the previous week with 25 homes going under contract to pending and 14 closings, although that represents a drop of … Read more >
Rochester, MN Area Monthly Market Update
The June 30 closing deadline for the home buyer tax credit certainly boosted the market with the total volume of homes that closed in June approaching $45 million, a 34% increase over May’s volume of $34 million, but down 13.5% … Read more >
Monday Morning Market Update for Rochester, MN
Good morning!
In national news, mortgage rates dropped again last week (through July 7). Interest rates hit the lowest they’ve been in more than 50 years, with a 30-year fixed-rate loan falling to 4.74% (down from 5.59% a year ago) … Read more >
Monday Morning Market Update for Rochester, MN
Good morning!
Total active listings (1265) last week (June 25 to July 1, 2010) were up 14% over last year (1112). There are currently 1173 residential properties for sale in Rochester, MN with an average asking price of $228,552 (median … Read more >
Monday Morning Market Update for Rochester, MN
Good morning! Hard to believe that 2010 is already almost half over!
Total active listings (1264) last week (June 18 to 24, 2010) were up 16% over last year (1094). Average list price for these homes was $299,625 (median $174,900); … Read more >
