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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