SE Rochester MN Local Real Estate Market Statistics

By
Real Estate Agent with Counselor Realty of Rochester

SE Rochester MN Real Estate Market Statistics for February 2001:

Summary Statistics
  Feb-11 Feb-10 % Chg 2011 YTD 2010 YTD % Chg
Absorption Rate 8.85 6.34 39.59 8.65 5.98 44.65
Average List Price $131,803 $136,954 -3.76 $128,901 $133,714 -3.60
Median List Price $115,000 $124,850 -7.89 $117,900 $122,900 -4.07
Average Sale Price $87,364 $109,144 -19.96 $90,495 $102,874 -12.03
Median Sale Price $56,000 $102,000 -45.10 $70,000 $104,000 -32.69
Average DOM 70 141 -50.35 105 123 -14.63
Median DOM 68 40 70.00 85 51 66.67

SE Rochester MN Real Estate continue to decline. Both listing and sale prices have continued to lower from last year, but the average days on the market have been reduced by 50% which means last year listing prices were too high for the market and by sellers reducing prices to the real estate market demand level, making houses are selling twice as fast.

If you have more questions about SE Rochester MN Real Estate contact Dan Kingsley, The Real Estate Ranger, at 507-990-1721 or www.TheRealEstateRanger.com.

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Rainer
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Raiza Schwartz
West USA Realty - Ahwatukee, AZ
CDPE

Ouch, sounds like Phoenix.

Mar 11, 2011 02:52 AM #1
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Rainer
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Dan Kingsley

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