Friday, April 25, 2008

Owatonna, MN Real Estate Market Conditions, April 25, 2008

Interest Rates have bounced up and down this week but finished right where they started at 5.875% for a 30 year fixed on Friday April 25th, 2008.

Current real estate listing inventory - 213 active listings in Owatonna as of today. The active listing count has dropped this week. There have been a few properties expire but mainly the number dropped because there were homes selling quickly this past week.

The number of pending listings popped up to 43 homes.

There have been 73 properties Closed so far in 2008. Awesome closing activity this week,
the count jumped up 11 for the closed and the pendings climber up 6. Best activity we have seen in months.

There are still a significant number of homes on the market that are priced way too high for the current real estate market here in Owatonna. The comparison charts point out what is selling and what has had price changes. Active Comparison Chart - Pending Comparison Chart - Closed Comparison Chart .

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

No comments: