SW Rochester MN Local Real Estate Market Statistics

By
Real Estate Agent with Counselor Realty of Rochester

SW Rochester MN Local Real Estate Market Statistics for February 2011:

Summary Statistics
  Feb-11 Feb-10 % Chg 2011 YTD 2010 YTD % Chg
Absorption Rate 8.35 8.86 -5.76 7.98 8.23 -3.04
Average List Price $326,336 $314,499 3.76 $304,439 $311,632 -2.31
Median List Price $259,900 $265,000 -1.92 $239,900 $259,000 -7.37
Average Sale Price $236,452 $233,629 1.21 $224,680 $241,981 -7.15
Median Sale Price $204,950 $214,750 -4.56 $193,000 $222,000 -13.06
Average DOM 201 161 24.84 203 148 37.16
Median DOM 179 162 10.49 172 133 29.32

SW Rochester MN Real Estate Market Statistics are getting better overall. SW Rochester MNhas always claimed a higher price per sqft than most other areas of Rochester MN. Even though the inventory is a bit high at eight months it has decreased from last year by 5.75%. Less inventory means less choices for buyers and less competition for sellers. Already seller have on average raised thier prices from last year and are now starting to see a small increase of average sale prices. Hopefully this stays the course but the average days that the inventory of homes on the market has also increased by almost 25%. This is probably due to price increase. Looking at the big picture compared to the rest of the Rochester MN and surrounding markets SW Rochester home prices have not falled as much nor will they climb as quickly due to the combination of price and demand for these homes.

If you would like more information about SW Rochester MN Real Estate contact Dan Kingsley, The Real Estate Ranger, at 507-990-1721 or www.TheRealEstateRanger.com.

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