Saturday, April 5, 2008

Owatonna, MN Real Estate Market Conditions, April 4, 2008

Interest Rates have remained stable and are at 5.625% for a 30 year fixed on Friday April 4th, 2008. Rates were fairly stable last week.

Current real estate listing inventory - 202 active listings in Owatonna as of today. The active listing count has dropped again since last week. This is the lowest we have seen since January of 2007, we are hoping to continue to see this count countinue to drop. 175-180 listings would be ideal.

The number of pending listings is steady at 35 homes.

There have been 54 properties Closed so far in 2008. Nice little rise since last week. We wern't expecting to see the closed count climb at all because it is the beginning of the month.

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.

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

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