Local Rochester MN Market Statistics for 2007...
Currently there is 929 residential homes listed in the city of Rochester with an average list price of $237,370. In 2007, 2224 homes sold in the city of Rochester alone, with an average sale price of $195,750.
With all the gloom and doom surrounding the national real estate market, Rochester is in a good position. In 2007, sales were only down only 7% compared to 19% nationally. It is a prime time to get into that new home, with a large inventory of homes to choose from and interest rates still at all time lows, there are some great investment opportunities.
Every real estate market is different, to truly understand the current Rochester MN market and the investment potentials that are out there, contact your Realtor.
Have a wonderful, fun filled 2008! Happy House Hunting!!
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