Tag Archives: housing market conditions
Monday Morning Market Update for Rochester, MN
New listings remained steady last week (October 15 to 21, 2010) in the Rochester area, with 37 new listings, comparable to a year earlier. There were 21 closings in Rochester, MN last week according to the Multiple Listing Service (MLS), … Read more >
Monday Morning Market Update for Rochester, MN
There was an uptick in the Rochester area residential housing market last week (October 8 to 14, 2010) with 32 homes going under contract, a third more than the previous week and just 9% fewer than a year ago.
According … Read more >
Monday Morning Market Update for Rochester, MN
The last week of September saw pending listings and closings remaining fairly steady from a week earlier with new listings up 33% over the previous week. Nevertheless, closings were less than half as many for the same time last year; … Read more >
Monday Morning Market Update for Rochester, MN
Although the Rochester area real estate market continues along at a third lower than a year ago, the number of signed contracts last week (September 10 to 16, 2010) was up 62.5% over the previous week. New listings also increased … Read more >
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 >
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! 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 >
