rochester_mn_housing_market_apr_2013 - Version 1.0 Rochester, MN Housing Market - April 2013Welcome 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%