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Owatonna, MN

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Owatonna, MN Real Estate Market Condition Report May 1, 2008

05-01-08
The Bartley Group - SouthEast MN Real Estate
The Bartley Group - SouthEast MN Real Estate: Real Estate Agent in Owatonna, MN
  • view my blog
  • Office: (507) 390-2121
  • Mobile: (507) 475-3151
  • Secondary: (507) 440-5703
Interest Rates have fallen twice this week and are currently at 5.50% for a 30 year fixed on Thursday May 1, 2008.

Current real estate listing inventory - 205 active listings in Owatonna as of today. The active listing count has dropped again this week. There have been a few properties expire but mainly the number dropped because there were homes selling quickly this past week.

The number of pending listings has remained solid at 43 homes.

There have been 81 properties Closed so far in 2008. Brisk closing activity again this week, the count jumped up 8 for the closed and the pendings remained firm. Best 2 week span of activity activity we have seen in almost a year.. Have we possibly seen the bottom? We aren't sure, only time will tell, but the increased activity is reassuring. Have you checked out the comparison charts? They really point out what is selling and what has had price changes. Active Comparison Chart - Pending Comparison Chart - Closed Comparison Chart . Inventory has been creeping down as well as interest rate. If you have been sitting on the fence waiting, you are missing some incredible deals going on in the market right now. Give us a call and let us tell you about some of these bargains. 507-390-2121 We have all of our listings available via Virtual Tour in English, Spanish and also in French
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Owatonna, MN Real Estate Market Condition Report April 25, 2008

04-25-08
The Bartley Group - SouthEast MN Real Estate
The Bartley Group - SouthEast MN Real Estate: Real Estate Agent in Owatonna, MN
  • view my blog
  • Office: (507) 390-2121
  • Mobile: (507) 475-3151
  • Secondary: (507) 440-5703
Interest Rates have bounced up and down this week but finished right where they started at 5.875% for a 30 year fixed on Friday April 25th, 2008.

Current real estate listing inventory - 213 active listings in Owatonna as of today. The active listing count has dropped this week. There have been a few properties expire but mainly the number dropped because there were homes selling quickly this past week.

The number of pending listings popped up to 43 homes.

There have been 73 properties Closed so far in 2008. Awesome closing activity this week, the count jumped up 11 for the closed and the pendings climber up 6. Best activity we have seen in months.

There are still a significant number of homes on the market that are priced way too high for the current real estate market here in Owatonna. The comparison charts point out what is selling and what has had price changes. Active Comparison Chart - Pending Comparison Chart - Closed Comparison Chart .
We have all of our listings available via Virtual Tour in English, Spanish and also in French
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Owatonna, MN Real Estate Market Condition Report April 20, 2008

04-20-08
The Bartley Group - SouthEast MN Real Estate
The Bartley Group - SouthEast MN Real Estate: Real Estate Agent in Owatonna, MN
  • view my blog
  • Office: (507) 390-2121
  • Mobile: (507) 475-3151
  • Secondary: (507) 440-5703
Interest Rates have climbed a bit this week and are at 5.875% for a 30 year fixed on Sunday April 20th, 2008. The rates climbed in the latter 1/2 of the week. We will have to watch and see what is going to happen next, predictions were for rates to drop last week and they rose instead.

Current real estate listing inventory - 220 active listings in Owatonna as of today. The active listing count has grown again since last week. This has been the biggest one week jump we have seen so far this year.

The number of pending listings slid up to 37 homes.

There have been 62 properties Closed so far in 2008. Some nice closing activity this week, look for the numbers to climb as we approach the end of the month.

It is interesting that we have seen the number of active listings climb as much as they have this week because there has also been nice activity in the closed category and the pending count has climbed a bit, which means homes are still getting sold.

The comparison charts are telling us that 44.5% of our active listings have had price changes averaging $14,360, while the closed listings have seen 55% with price changes totaling $16,845. There are still a significant number of homes on the market that are priced way too high for the current real estate market here in Owatonna. Active Comparison Chart - Pending Comparison Chart - Closed Comparison Chart .
We have all of our listings available via Virtual Tour in English, Spanish and also in French
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Owatonna, MN Real Estate Market Condition Report April 12, 2008

04-12-08
The Bartley Group - SouthEast MN Real Estate
The Bartley Group - SouthEast MN Real Estate: Real Estate Agent in Owatonna, MN
  • view my blog
  • Office: (507) 390-2121
  • Mobile: (507) 475-3151
  • Secondary: (507) 440-5703
Interest Rates have remained stable and are at 5.625% for a 30 year fixed on Saturday April 12th, 2008. Actually rates bounced up and down this week but finished at the same placed they ended last week.

Current real estate listing inventory - 212 active listings in Owatonna as of today. The active listing count has climbed again since last week. This has been the biggest one week jump we have seen so far this year.The number of pending listings crept up one to 35 homes.

There have been 57 properties Closed so far in 2008. Not a lot of closed activity this week, but anything is better than nothing.

The comparison charts continue to provide an insight into what is happening in the real estate market here in Owatonna. Active Comparison Chart - Pending Comparison Chart - Closed Comparison Chart .

Showings have slowed a little this week and the early report on todays open houses show a bit of a slowdown. We do need to keep in mind however that it has been raining or snowing every day this week and that will always slow traffic down. It is supposed to be 70 by Monday though.
We have all of our listings available via Virtual Tour in English, Spanish and also in French
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Owatonna, MN Real Estate Market Condition Report April 4, 2008

04-06-08
The Bartley Group - SouthEast MN Real Estate
The Bartley Group - SouthEast MN Real Estate: Real Estate Agent in Owatonna, MN
  • view my blog
  • Office: (507) 390-2121
  • Mobile: (507) 475-3151
  • Secondary: (507) 440-5703

Interest Rates have remained stable and are at 5.625% for a 30 year fixed on Friday April 4th, 2008. Rates were fairly stable last week.

Current real estate listing inventory - 202 active listings in Owatonna as of today. The active listing count has dropped again since last week. This is the lowest we have seen since January of 2007, we are hoping to continue to see this count countinue to drop. 175-180 listings would be ideal.

The number of pending listings is steady at 35 homes.

There have been 54 properties Closed so far in 2008. Nice little rise since last week. We wern't expecting to see the closed count climb at all because it is the beginning of the month.

Have you take a look at the comparison charts? Active Comparison Chart - Pending Comparison Chart - Closed Comparison Chart .

Our main web site continues to show record numbers of visitors. March has simply blown away the record setting month we had in February. Thank you to all of you who continue to visit our sites.

Showings are still up and the phone call volume has remained high.

We now have all of our listings available via Virtual Tour in English and Spanish and now also in French

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