Happy Holidays

We hope everyone had a wondeful Christmas. We would also like to take the time to wish each and every one of you a very happy and joyous New Year. We are all excited here at the Bartley Group and looking forward to exciting things in 2008.

Todd Susan Brian

Very Good Real Estate News

This link will take you to a very positive article on the trends in real estate and why 2008 may be an very good time to purchase a house.

The link has been temporarily removed, sorry for any inconvience.

Merry Christmas to all and thank you for a great year.
Brian Susan Todd

Interest Rates have dropped again to 5.75% on December 19, 2007.

Current listing inventory - 211 active listings in Owatonna as of today, that number has climbed a bit this week. We are still in sight of our goal of seeing the listing count drop below 200 before the end of the year (but time is getting short). Average days on the market has dropped slightly to 170 days. The number of pending listings has fallen this week to 26 houses. Average days on the market for pendings is 145 days. There have been 390 properties Closed since 01-01-07, with an average days on market time of 114 days.

Buyers, if you have been sitting on the fence waiting, we are seeing so awesome deals available right now. Give us a call, 507-390-2121 or email us, info@BartleyGroup.com

December 18, 2007

Interest Rates have climbed slightly to 6.00% on December 18, 2007.

Current listing inventory - 209 active listings in Owatonna as of today, that number has remained stable since last week. We are still in sight of our goal of seeing the listing count drop below 200 before the end of the year. Average days on the market has dropped slightly to 172 days (that's still 5.8 months gang). The number of pending listings rebounded nicely last week to 30 houses. Average days on the market for pendings is 132 days. There is now a 40 day difference between the Active and Pending listings. There have been 386 properties Closed since 01-01-07, with an average days on market time of 115 days.

Buyers, if you have been sitting on the fence waiting, we are seeing so awesome deals available right now.

Give us a call, 507-390-2121 or email us, info@BartleyGroup.com

December 10, 2007

Interest Rates have inched up slightly to 5.875% on December 10, 2007.

Current listing inventory - 209 active listings in Owatonna as of today, that number has dropped again since last week. We are getting closer to our goal of seeing the listing count drop below 200 before the end of the year. Average days on the market has also climbed slightly to 175 days (that's 5.8 months gang). The number of pending listings rose slightly to 24 houses. This number has now begun to rebound and has not dropped any further. Average days on the market for pendings is 116 days. There is now a 59 day difference between the Active and Pending listings. That shows us there are still too many sellers out there that are being unrealistic in their asking price. There have been 385 properties Closed since 01-01-07, with an average days on market time of 114 days.

A balanced market in Owatonna should be around 175-185 active listings, as we get closer to that number, the balance swings from a buyers market to a more balanced market. Buyers, if you have been sitting on the fence waiting, now might be the best time we have seen.

The are are number of fantastic deals available right now. Give us a call, 507-390-2121 or email info@BartleyGroup.com, we would enjoy the opportunity to discuss some of the current deals available right now.