August 7, 2007

Current listing inventory - 282 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 has crept up a bit again and is 131 days. The number of pending listings has fallen somewhat this week to 43 houses, with an average days on the market of 122. The days on the market gap has shrunk considerably the last few weeks between the active, pending & sold properties. There have been 242 properties Closed properties since 01-01-07, with an average days on market time of 123 days. Interest rates have remained stable at 6.375% on August 3, 2007. Don't forget we've made our "Sellers Guide available via the web, take a few minutes to look through the guide for tips & tricks on staging your home to sell quickly.