Monday, March 5, 2007

March 5, 2007

Current listing inventory - 217 active listings in Owatonna this week. Inventory has been stable over the last two weeks. 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 134 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 March 5th, 2007. Tomorrow is Susan's Birthday, call her (507)475-3151 and wish her a happy brithday!

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