Your Weekly Rochester, MN Real Estate Market Update

Week of June 3rd, 2012 through June 9th, 2012

ACTIVE LISTINGS:

There are currently 841active residential listings in Rochester, MN. These active listings have an average asking price of $219,959 and an average time on market of 125 days.

NEW LISTINGS:

During the past week we saw 45 new listings hit the market. These new listings have an average list price of $194,329.

SIGNED CONTRACTS:

There were 31 listings see accepted offers on them during the past week. These pending sales have an average list price of $204,877 and an average time on market of 94 days.

CLOSINGS:

There were 29 homes that closed in the past week. These sold properties had an average sales price of $265,627 (116.39% of asking price/113.07% of original asking price), and an average time on market of 86 days.