December Home Sales in Rochester Rose 16%

The real estate market in Rochester ended the year strong.The latest numbers from the Southeastern Minnesota Association of Realtors show there were nearly 140 closings on sales of existing homes last month.

That’s up almost 16-percent when compared to December of 2012, but the report also shows pending sales were down over 8-percent from a year ago.  The median sales price of homes sold in Rochester increased 6-percent from December of 2012 to just under $165,000 dollars, while the average number of days a home was on the market before selling dipped over 21-percent to 80 days.