Tag Archives: residential real estate market conditions
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 >
Weekly Real Estate Market Update for Rochester, MN
Good morning!
More than twice as many new listings came onto the market last week (June 8 to 14, 2010) as went off the market under contract. Even so the number of new listings was down 16% from a year … Read more >
Rochester, MN Area Real Estate Market Conditions Update
The total volume of homes that closed in May topped $33 million, the highest volume since last June’s volume of nearly $53 million and falling just short of May, 2009’s $33.8 million. The average list price of new listings in … Read more >
Weekly Market Conditions Update for Rochester, MN
Good morning!
According to the Multiple Listing Service there are currently 1221 residential homes for sale in Rochester, Minnesota with an average list price of $234,874 (median $179,900) and an average of 150 days on the market.
Last week (May … Read more >
Monday Morning Market Update for Rochester, MN
Good morning!
There were 36 homes that sold (closed) last week (May 10-16, 2010) in Rochester, Minnesota with an average sold price of $161,667 (median $141,950) and an average of 87 days on the market.
According to the MLS (Multiple … Read more >
Rochester, MN Area Real Estate Market Conditions Update
Wow! Last month the Rochester area residential real estate market experienced its highest volume of homes going under contract in three years with 281 homes going to pending. While the Home Buyer Tax Credit deadline certainly played a role in … Read more >
Monday Morning Market Update for Rochester, MN
Good Morning!
Residential closings in Rochester last week, although down nearly 50% from a year ago, were double the volume of the previous week this year with 35 homes closing in the last week of April. The average sold price … Read more >
