Saturday, April 12, 2008

Owatonna, MN Real Estate Market Conditions, April 12, 2008

Interest Rates have remained stable and are at 5.625% for a 30 year fixed on Saturday April 12th, 2008. Actually rates bounced up and down this week but finished at the same placed they ended last week.

Current real estate listing inventory - 212 active listings in Owatonna as of today. The active listing count has climbed again since last week. This has been the biggest one week jump we have seen so far this year.The number of pending listings crept up one to 35 homes.

There have been 57 properties Closed so far in 2008. Not a lot of closed activity this week, but anything is better than nothing.

The comparison charts continue to provide an insight into what is happening in the real estate market here in Owatonna. Active Comparison Chart - Pending Comparison Chart - Closed Comparison Chart .

Showings have slowed a little this week and the early report on todays open houses show a bit of a slowdown. We do need to keep in mind however that it has been raining or snowing every day this week and that will always slow traffic down. It is supposed to be 70 by Monday though.

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

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