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Jeff Leland

Rochester Market | Gwaltney Group | RE|MAX Results Blog

Monday, April 03, 2017   /   by Brian Ness

Rochester | March Real Estate Market Report

Rochester Market Report 

Lets take a look at the real estate market. Currently there are 340 sales pending in the market overall, leaving 301 listings still for sale. The resulting pending ratio is 53.0% (340 divided by 641). So you might be asking yourself, that's great... but what exactly does it mean? I'm glad you asked! 

The pending ratio indicates the supply & demand of the market. Specifically, a high ratio means that listings are in demand and quickly going to contract. Alternatively, a low ratio means there are not enough qualified buyers for the existing supply.

Taking a closer look, we notice that the $100K - $200K price range has a relatively large number of contracts pending sale.
We also notice that the $300K - $400K price range has a relatively large inventory of properties for sale at 66 listings. The median list price (or asking price) for all properties in this market is $338,375. ...

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  rochester market, report

Gwaltney Group of RE/MAX Results
Robin Gwaltney
4123 26th St. NW
Rochester, MN 55901

The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than Gwaltney Group of RE/MAX Results are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.” Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.” Copyright2019Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated September 17, 2019