Where the housing market is for spring
Local realtor group looks at the current housing market in the Med City.
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Local realtor group looks at the current housing market in the Med City.
“Overall square footage, location and the updates in these homes is what’s dictating that they’re selling good or not. Buyers these days want move-in ready,” said Dustin Kanz, RE/MAX Results Realtor.
Dr. Scott Funke of Med City Dental recently paid $785,000 for the Southeast Minnesota Realtors building at 3400 East River Road NE.
With "very, very tight inventory," Rochester has about 30 houses available for sale in the $200,000 to $300,000 range, said Eric Brownlow with the Southeast Minnesota Realtors association.
A report from the National Association of Realtors states that housing sales dipped 5.4% from May to June.