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Rochester MN Real Estate Market Update - May 13th, 2009

Wednesday, May 13th, 2009:

There are currently 802 single family homes available for sale in Rochester, 10 fewer than last week.

251 of these homes are vacant, 12 fewer than last week.

46 homes accepted contracts this past week.

Rochester is defying the nations real estate recession. We have had numerous weeks of declining availability, meaning homes are selling faster than they are coming on the market. The vacant home statistic is a combination of new construction homes and existing homes. This number is decreasing on a steady basis. New home construction permits are also on the rise with 20 permits being issued in the month of April.

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 Realtyof 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 Tuesday May 12

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