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rochester_mn_housing_market_apr_2013
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Version
1.0
Rochester, MN Housing Market - April 2013
Welcome to Rochester, MN! It's mid-April and our
homes are frozen over thanks to Canada pouring a glass
of ice-water down the back of our shirts. One thing
that is beginning to de-thaw is our housing market
though. Man, what a difference from last year. I'll
present you with some year-over-year statistics of our
Rochester market, because numbers never lie! If you
are looking to sell, now is a fantastic time to do
so. With lower average inventory listed on the
market, and a flood of homebuyers storming the scene,
sale prices are steadily beginning to climb.
Foreclosures are also hitting the market at much
slower rate which is great for our sellers trying to
compete for better sale prices. One of the numbers
that jumps out at me the most is the average sale
price of “Condos/Townhomes/Twin homes.” Year-over-
year, the average sale price has increased by 12%
going from $124k to $139k. Wow! Not as much for
single family homes, but still had nearly a 2%
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