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Here are the Numbers for Month Ending November 30th, 2011

Home Sales Rochester, MN:
November 2011 - 111
November 2010 - 101

Average Home Sale Price Rochester, MN:
November 2011 - $165,436.59
November 2010 - $185,715.02

Monthly Absorption Rate Rochester, MN:
November 2011 – 6.00 Months
November 2010 – 7.87 Months

Rochester, MN Area Home Interest Rates as of November 2011:
Conventional 30 Year Fixed – 3.875%; up from last month
Conventional 15 Year Fixed – 3.25%; up from last month
FHA/DVA 30 Year Fixed – 3.875 %; up from last month
MN Housing First Time Homebuyer – 3.875%; up from last month

Affordability Index Nationwide:
October 2011: Median Sales Price = $161,600; Interest Rate = 4.32%; Monthly Payment = $641.00; Payment as % of Total Income =12.60%.

October 2010: Median Sales Price = $171,500; Interest Rate = 4.62 %; Monthly Payment = $705.00; Payment as % of Total Income =14.00%.