NE Rochester MN Local Real Estate Market Statistics
By Dan Kingsley, ePRO, CDPE-RANGER - Rochester MN
(Counselor Realty of Rochester)
Here are NE Rochester MN 2011 Monthly Statistics for February: Summary Statistics Feb-11 Feb-10 % Chg 2011 YTD 2010 YTD % Chg Absorption Rate 6.82 7.45 -8.46 6.96 7.13 -2.38 Average List Price $240,158 $243,530 -1.38 $230,573 $235,560 -2.12 Median List Price $199,900 $199,900 0.00 $179,850 $193,200 -6.91 Average Sale Price $148,477 $188,300 -21.15 $150,364 $181,461 -17.14 Median Sale Price $117,800 $177,000 -33.45 $121,400 $172,250 -29.52 Average DOM 183 138 32.61 151 155 -2.58 Median DOM 94 121 -22.31 89 121 -26.45 Overall we still see a drop in average and median prices of homes in the NE Rochester MN market. The good news is the inventory is being sold faster than it is comming on the market which is necessary for the the stability of the market. Also the Days that homes are on t...
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