Monday, February 5, 2007

February 5, 2007

Current listing inventory - 207 active listings in Owatonna this week. Inventory had crept up slightly but is holding steady now. 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 fallen slightly and is 127 days. Interest rates have fallen slightly this week and are at 5.875% for a 30 year fixed on February 5th, 2007.

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