Tuesday, December 18, 2007

December 18, 2007

Interest Rates have climbed slightly to 6.00% on December 18, 2007.

Current listing inventory - 209 active listings in Owatonna as of today, that number has remained stable since last week. We are still in sight of our goal of seeing the listing count drop below 200 before the end of the year. Average days on the market has dropped slightly to 172 days (that's still 5.8 months gang). The number of pending listings rebounded nicely last week to 30 houses. Average days on the market for pendings is 132 days. There is now a 40 day difference between the Active and Pending listings. There have been 386 properties Closed since 01-01-07, with an average days on market time of 115 days.

Buyers, if you have been sitting on the fence waiting, we are seeing so awesome deals available right now.

Give us a call, 507-390-2121 or email us, info@BartleyGroup.com

No comments: