Monday, March 12, 2007

March 12, 2007

Current listing inventory - 231 active listings in Owatonna this week. Inventory had been stable over the last two weeks, however this week has jumped significantly. 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 dropped slightly and is 131 days. Interest rates have been staying stable for the last four weeks and are at 5.75% for a 30 year fixed on March 9th, 2007.

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