August 1, 2007

Current listing inventory - 284 active listings in Owatonna as of today. Inventory has dropped again over the last several days and that continues to be an encouraging sign for home sellers. Average days on the market in Owatonna is 128 days. The number of pending listings has risen a bit this week to 50 houses, with an average days on the market of 122. There have been 231 properties Closed properties since 01-01-07. with an average days on market time of 122 days. Interest rates have fallen a bit to 6.375% on July 31, 2007