Owatonna, MN

Interest Rates have remained stable and are at 5.50% for a 30 year fixed on Monday March 31, 2008. Rates were fairly stable last week.

Current real estate listing inventory - 208 active listings in Owatonna as of today. The active listing count has dropped slightly since last week.

The number of pending listings is up 4 from from last week to 35 homes.

There have been 49 properties Closed so far in 2008. Small jump since last week. Good news is that even though some listings closed last week, the pending listing count has continued to rise. The closed count will most likely be fairly stable for the next two weeks.

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. Activity at the home show this past weekend was high with a lot of interested buyers and sellers.

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

Interest Rates have remained stable and are at 5.75% for a 30 year fixed on Monday March 24, 2008. Rates were fairly stable last week. It is still a wait and see game with mortgage rates.

Good news today, home sales up slighty in February. Is it possible we have reached bottom? Time will tell. Buyers remember, as the market begins to pick up momemtum, sellers will be less likely to negotiate home prices.

Current real estate listing inventory - 210 active listings in Owatonna as of today. The active listing count has remained fairly stable since last week.

The number of pending listings is only down one from last week to 31 homes.

There have been 45 properties Closed so far in 2008. Big jump since last week and should be more this week. Good news is that even though a bunch of listings closed last week, the pending listing count has not fallen off. We will have to watch those counts closely as we approach the end of the month.

The comparison charts continue to have interesting statistics . The Closed Listing Chart shows 55% of the properties that have closed this year have had price changes and the average decrease is $15,612.00. Active Comparison Chart - Pending Comparison Chart - Closed Comparison Chart .

Our main web site continues to show record numbers of visitors. March has already surpassed the record setting month we had in February and there is still a week left in the month. Showings are way up and the phones call have increased considerably.

We now have all of our listings available via Virtual Tour in english and spanish.

Interest Rates have remained stable and are at 5.875% for a 30 year fixed on Monday March 17, 2008. Rates were fairly stable last week with very few increases & decreases. The FED cut the discount rate .25% overnight and is expected to cut rates tomorrow the 18th of March, we will have to wait and see what that will do to the mortgage market. The expected cut is .50% to .75%

Current real estate listing inventory - 212 active listings in Owatonna as of today. The active listing count has dropped back down since the end of last week.

The number of pending listings is stable at 32 homes.

There have been 37 properties Closed so far in 2008. Just slight activity since last week but that that should begin to climb as we approach the end of the month.

There comparison charts continue to have interesting statistics . The Active Listing Chart shows 101 properties have has price changes and the averaging $15,245 or 8.17% . Active Comparison Chart - Pending Comparison Chart - Closed Comparison Chart .

Our main web site http://bartleygroup.com/ continues to show record numbers of visitors. we believe it is indicative of the changes we are seeing in the market.

One interesting item brought up at a recent training meeting was the idea that a large number of buyers are waiting until the current market hits bottom to jump in a purchase a home. The problem with that idea is that none of us really knows when the bottom will be reached and once we do reach bottom and the market swings around sellers will no longer have as much incentive to negotiate sale prices. The savvy buyers are seeing opportunities in the current market and are jumping in now when there is still negotiation room in prices. It was an interesting class & idea.

Please continue to give us feedback via comments here, by phone 507-390-2121 or email us, mailto:info@BartleyGroup.com

Interest Rates have fallen slightly this week to 5.875% for a 30 year fixed on March 14, 2008. Rates were volatile last week with several decreases & increases. The FED is expected to cut rates on the 18th of March, we will have to wait and see what that will do to the mortgage market.

Current real estate listing inventory - 215 active listings in Owatonna as of today. The active listing count has climbed a bit this week. It is something we will keep an eye on.

The number of pending listings is at 32 houses.

There have been 36 properties Closed so far in 2008. Just slight activity this week but that that should begin to climb as we approach the end of the month. The fact that we continue to see the closed property count climb slowly and not have the pending count drop is very good. We continue to see homes receiving offers.

There are a few statistics that are noteworthy in the comparison charts. The average closed properties are showing that over 60% of the properties that went to closing had a price change and that price change was 10.12% and almost $16,000. 50% of the current pending listings have had price changes. Take a look at these charts they are interesting reading. Active Comparison Chart - Pending Comparison Chart - Closed Comparison Chart . Let us know your thoughts.

Our main web site http://bartleygroup.com/ set a record again in February for the most number of unique visitors and the most number of visits since the inception of the site. The March website visitor count is off to a fantastic start already with over 50% of the number of unique visitors we had in February already in the first 14 days of March.

Please continue to give us feedback via comments here, by phone 507-390-2121 or email us, mailto:info@BartleyGroup.com

Interest Rates have stayed stable so far this week at 6.125% for a 30 year fixed on March 10, 2008. Rates were volatile last week with several decreases & increases. There are a large number of qualified buyers out there. They just are waiting to see what is going to happen. The FED is expected to cut rates on the 18th of March, we will have to wait and see what that will do to the mortgage market.

Current real estate listing inventory - 212 active listings in Owatonna as of today. The active listing count has remained stable. We have seen a number of homes come on the market and several are now pending, however the listing count has not climbed significantly yet. We would still love to see it drop below 200.

The number of pending listings remained at 31 houses.

There have been 33 properties Closed so far in 2008. Not a lot of closing activity since last week but that was to be expected because it is the beginning of the month.

The fact that we continue to see the Closed property count climb slowly and not have the pending count drop is very good. We continue to see homes receiving offers.

The comparison charts have generated several comments from viewers. There have been a few that liked them and a few that do not. Active Comparison Chart - Pending Comparison Chart - Closed Comparison Chart . Let us know your thoughts.

Our main web site http://bartleygroup.com/ set a record again in February for the most number of unique visitors and the most number of visits since the inception of the site. The March website visitor count is off to a fantastic start already with over 35% of the number of unique visitors we had in February already in the first 10 days of March.

Please continue to give us feedback via comments here, by phone 507-390-2121 or email us, mailto:info@BartleyGroup.com