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The five numbers that every home buyer or seller should be aware of are: Prices, Sales Volume, Inventory, Interest Rates, and Affordability. Having a pulse of these five statistics will help keep you "in the zone" so to speak. Let's take a closer look at the most recent stats for these five areas for the Rochester, MN area. Local Statistics are from August 2011.


Home Sales Rochester, MN:
August 2011 - 151
August 2010 - 101

Average Home Sale Price Rochester, MN:
August 2011 - $178,921.00
August 2010 - $181,361.00

Monthly Absorption Rate Rochester, MN:
August 2011 – 7.52 Months
August 2010 – 8.93 Months

Rochester, MN Area Home Interest Rates as of August 2011:
Conventional 30 Year Fixed – 3.75%; down from last month
Conventional 15 Year Fixed – 3.00%; down from last month
FHA/DVA 30 Year Fixed – 3.75 %; unchanged
MN Housing First Time Homebuyer – 3.625%; down from last month
FHA 5-1 Adjustable Rate Mortgage – 2.875%; down from last month

Affordability Index Nationwide:
July 2011: Median Sales Price = $174,800; Interest Rate = 4.70%; Monthly Payment = $725.00; Payment as % of Total Income =14.10%.

July 2010: Median Sales Price = $183,000; Interest Rate = 4.90 %; Monthly Payment = $777.00; Payment as % of Total Income =15.20%.