July 28, 2007

Current listing inventory - 293 active listings in Owatonna as of today. Inventory has dropped slightly over the last several days and that is an encouraging sign for home sellers. Average days on the market in Owatonna is 130 days. The number of pending listings has risen a bit this week. Currently we have 48 houses pending in Owatonna with an average days on the market of 115. Closed properties since 01-01-07. There have been 224 properties sold so far this year with an average days on market time of 123 days. Interest rates have remained stable at 6.5%. Interest rates are always stated for a 30 year fixed rate loan. We are now making 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.