December 26, 2006

Current listing inventory - 202 active listings in Owatonna. Inventory is slowly declining for the last four weeks and has been trending downward over the last eight weeks and is down from the high of 243 in October. Average days on the market in Owatonna is currently 134 days, this had been trending upward slightly but has held steady for two weeks. Interest rates ticked up just a bit last week but continue to be very favorable and are at 5.75% for a 30 year fixed on December 26th, 2006. Happy New Year to All!!