Rochester MN Market Statistics

Dated: 08/10/2015

Views: 753

Rochester, MN Market Statistics are as follows

08/15                                        08/14

172                                                187                                                      Active listings on the market

129                                                  85                                                       Properties Sold to Date

 89                                                  106                                                      Avg. Days on the Market

242,500                                         248,000                                              Median sales Price

314,922                                         280,804                                              Avg. Sales Price

4.65                                                5.6                                                        Absorption Rate in Months 

            Understanding what these incredibly relevant statistics means can often be a challenge for the average real estate shopper.  Misinterpreting them can cause a seller to under value and lose out on potential financial gains and buyers have great potential to overpay if misinformed concerning the flow of trends in the current market.  Having a real estate advocate in your corner to guide you through the murky waters of details available to the novice real estate adventurer is often times the only way to ensure you are getting the best bang for your hard earned buck.   

            The selection process for finding your very own advocate is the next challenge.  Be diligent and thorough before signing on to have someone represent you.  It is challenging enough as it is to find yourself on the positive end of the deal, so feel confident and comfortable with the person assigned to getting you through the rough terrain. 

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Kyle Swanson

Kyle is a licensed realtor and co-owner of the Realty Edge Team, brokered by eXp Realty, LLC, at 300 1st Ave NW Rochester, MN. He founded the Realty Edge Team in 2011 along with Dan Kingsley. At age 2....

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