Rochester Area Economic Development, Inc 1st Quarter 2007 Report

1st Quarter 2007 Home Sales : MLS Home Sales

First quarter sales of single family homes reached $68,384,022.

This represents an increase of seven tenths of one percent over
first quarter 2006 and 2.1 percent over first quarter 2005.

The average home remains on the market in the Rochester area
for 128 days. Mortgage rates continue to remain relatively low.

Source: SE Minnesota Association of Realtors


1st Quarter, 2007 Rochester Area Building Activity

Commercial and residential building permits issued for first quarter
2007 totaled $89,036,726. This represents an increase of 38.8 percent
from first quarter 2006 ($64,132,284) and an increase of 28.6
percent over 2005 ($69,248,771).

Permits over $1 million for first quarter 2007 included Centex Homes (2 story/10 units), Mayo/Gonda Floors 14 & 15-Orthopedics, Mayo/Diagnostic Floor 16 Pediatric Remodel,
Mayo/Gonda Floor 19, Interior Fit-Up, Mayo/Gonda Floor 17-Sleep Center and Floor 18-Paluminary, Village on 3rd, Knutson Office Building, Kwik Trip Store, Mayo/Charlton Hyperbaric and Altitude Medicine, Wehrenberg Theatres (structural shell), and Maine Street Development (structural shell).

Source: Rochester Building Safety Department