April 2, 2007

Current listing inventory - 233 active listings in Owatonna this week. Inventory has crept up a few more homes this week. Levels had been trending downward over the last several months and are still down slightly from the high of 243 in October. Average days on the market in Owatonna has remained stable and is 135 days. Interest rates had been staying stable for the last six weeks but now have risen slightly and are at 5.875% for a 30 year fixed (still a great rate)on March 30th, 2007.