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Market Trends
Commentary Provided byDerrick and Sara Guevremont If you can qualify, now is an exceptional time to buy a home in Rochester. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 507-272-8018 |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Rochester | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | More than 120 days | ||
| Market Trend | No Change | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $150,000 - View Graph Trend | ||
| Best Selling Price Range | $150,000 - $199,000 | ||
| Worst Selling Price Range | $1,000,000+ | ||
| Compared to Last Year | Down 5-10% | ||
| Prices As % of Asking Price | 95-100% | ||
| Multiple Offers? | Yes | ||
| Multiple Offers Commentary | When homes are priced right. Has happened to Sara and I several times this summer when we have found great deals with our buyers. | ||
| Greatest Activity | First Time Buyers | ||
| Buyer Activity for the past 90 days in Rochester is | Increasing | ||
| Seller Activity for the past 90 days in Rochester is | No Change | ||
| Is Financing Available For Qualified Buyers in Rochester? | Yes | ||
| Existing Home Prices for the past 90 days are | Increasing | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | More than 50% | ||
| Housing Hot Spots | Rochester MN, Stewartville MN, Byron MN, Kasson MN, Hayfield, Grand Meadow, southeast Minnesota. | ||
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Rochester! | ||
| Average Sold Price | $150,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Derrick and Sara Guevremont
Counselor Realty of Rochester Rochester, Minnesota 507-272-8018 derrick@counselorrealty.com Agent Home Page 
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Rochester Local News
News for Rochester, MN - Monday October 12th, 2009 4:06pm
Derrick Guevremont
"The first-time home buyer tax credit, which Congress in February increased to $8,000 from $7,500 and eliminated the repayment requirement, is an incentive you'd expect consumers to be clamoring about. But many practitioners are astounded to learn that buyers in their markets who are prime candidates for the credit aren't even aware of it." NAR
To receive this tax credit we have to close by November 30th... Meaning we'd better hurry up if we're going to find something and get it closed in time! Give us a call to get going right away today!
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