Rochester MN Real Estate Update Tuesday, July 18, 2006

There are currently 1167 homes for sale in Rochester, Minnesota with an average list price of $252,283 and average of 145 days on the market. Last week (July 10 to July 16, 2006) there were 86 new and back on the market listings with an average list price of $219,420 and average market time of 55 days. During this same time period 43 homes went to pending (under contract). The average list price of these homes was $207,962 with an average of 86 days on the market. There were 50 closings in Rochester residential real estate last week, with an average price of $200,504 and 136 days on the market.