Monday, March 19, 2007

March 19, 2007

Current listing inventory - 228 active listings in Owatonna this week. Inventory dropped a few homes this 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 135 days. Interest rates have been staying stable for the last five weeks and are at 5.75% for a 30 year fixed on March 16th, 2007.

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