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.

July 18, 2007

Current listing inventory - 298 active listings in Owatonna as of today. Inventory has continued to remain high. Average days on the market in Owatonna is 129 days. The number of pending listings has fallen this week. Currently we have 49 houses pending in Owatonna with an average days on the market of 100. Pricing a home correctly is still the single most important thing a seller can do to get their home sold in our current market. Closed properties since 01-01-07. There have been 210 properties sold so far this year with an average days on market time of 124 days. Interest rates went up twice last week but have fallen a bit this week and are sitting at 6.50% on July 18, 2007. Interest rates are always stated for a 30 year fixed rate loan

July 2, 2007

Current listing inventory - 286 active listings in Owatonna as of today. Inventory has continued to remain high. Average days on the market in Owatonna has fallen a bit again this week to 123 days. The number of pending listings has remained stable this week. Currently we have 59 houses pending in Owatonna with an average days on the market of 114. Pricing a home correctly is still the single most important thing a seller can do to get their home sold in our current market. Closed properties since 01-01-07. There have been 184 properties sold so far this year with an average days on market time of 120 days. Interest rates went up twice last week but have fallen a bit this week and are sitting at 6.375% on June 19, 2007. Interest rates are always stated for a 30 year fixed rate loan. Don't forget that, clicking of the words "Active" or "Pending" or "Closed" will bring up a grid sheet showing all of the properties that are in that category.

June 25th, 2007

Current listing inventory - 290 active listings in Owatonna as of today. Inventory has continued to remain high. Average days on the market in Owatonna has crept up a bit again this week to 126 days. The number of pending listings has fallen this week which is to be expected as we get closer to the end of the month. Currently we have 59 houses pending in Owatonna with an average days on the market of 98. This difference between the average days on the market in the active listings and the pending listing is a very telling sign of how important it is to price a property correctly during the first 30 days of the listing. Pricing a home correctly is still the single most important thing a seller can do to get their home sold in our current market. A new feature we started last week is the inclusion of Closed properties since 01-01-07. There have been 174 properties sold so far this year with an average days on market time of 123 days. Interest rates went up twice last week but have fallen a bit this week and are sitting at 6.375% on June 19, 2007. Interest rates are always stated for a 30 year fixed rate loan. Don't forget that, clicking of the words "Active" or "Pending" or "Closed" will bring up a grid sheet showing all of the properties that are in that category.

June 20, 2007

Current listing inventory - 289 active listings in Owatonna as of today. Inventory has climbed again this week. We continue to set new high's every week. Average days on the market in Owatonna has crept up a bit again this week to 125 days. The number of pending listings has risen this week which is a good sign that homes are still selling. Currently we have 61 houses pending in Owatonna with an average days on the market of 94. This difference between the average days on the market in the active listings and the pending listing is a very telling sign of how important it is to price a property correctly during the first 30 days of the listing. Pricing a home correctly is still the single most important thing a seller can do to get their home sold in our current market. A new feature starting today is the inclusion of Closed properties since 01-01-07. There have been 166 properties sold so far this year with an average days on market time of 126 days. We have seen certain price ranges with very large differences between the days on market time of Active vs Pending vs Closed. The $130,000 to $150,000 price range for example varies more than 30 days of market time. Interest rates went up twice last week but have fallen a bit this week and are sitting at 6.375% on June 19, 2007. Interest rates are always stated for a 30 year fixed rate loan.