Monday, March 31, 2008

Owatonna, MN Real Estate Market Conditions, March 31, 2008

Interest Rates have remained stable and are at 5.50% for a 30 year fixed on Monday March 31, 2008. Rates were fairly stable last week.

Current real estate listing inventory - 208 active listings in Owatonna as of today. The active listing count has dropped slightly since last week.

The number of pending listings is up 4 from from last week to 35 homes.

There have been 49 properties Closed so far in 2008. Small jump since last week. Good news is that even though some listings closed last week, the pending listing count has continued to rise. The closed count will most likely be fairly stable for the next two weeks.

Have you take a look at the comparison charts. Active Comparison Chart - Pending Comparison Chart - Closed Comparison Chart .

Our main web site continues to show record numbers of visitors. March has simply blown away the record setting month we had in February. Thank you to all of you who continue to visit our sites. Showings are still up and the phone call volume has remained high. Activity at the home show this past weekend was high with a lot of interested buyers and sellers.

We now have all of our listings available via Virtual Tour in English and Spanish and now also in French

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