Monday, February 26, 2007

February 26, 2007

Current listing inventory - 217 active listings in Owatonna this week. Inventory has been stable over the last week. Levels had been trending downward over the last several months and are still down signifacantly from the high of 243 in October. Average days on the market in Owatonna has risen slightly and is 137 days. Interest rates had been staying down but have crept up slightly this week and are at 5.75% for a 30 year fixed on February 26th, 2007.

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