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Rochester MN Real Estate Market Update - April 24, 2009

Friday, April 24, 2009:

There are currently 819 single family homes available for sale in Rochester, 8 fewer than last week.

272 of these homes are vacant, 9 fewer than last week.

29 homes accepted contracts this past week.

These statistics indicate we are selling homes faster than they are coming on the market as we have had 4 consecutive weeks of declining inventory. We continue to decrease our availability of vacant homes. Hidden in that statistic is an increase in the sale of new construction homes.

If you are considering selling your home, now is a good time to be on the market. Contact us for a detailed marketing plan for your home.

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David and Lois Marris are top producing REALTORS at Edina Realty of Rochester, MN. Edina Realty is the top real estate brokerage in Minnesota. For more information regarding Rochester MN Real Estate visit our web page at www.DavidAndLoisMarris.com. Contact information: DavidMarris@EdinaRealty.com, LoisMarris@EdinaRealty.com, 507-398-3251.

Posted Friday Apr 24