Monday, February 25, 2008

Owatonna, MN Real Estate Market Update



We currently have 210 homes on the market in Owatonna, MN. The average list price for those homes is $191,614 and they have been on the market for an average length of 176 days. Year to date 26 homes have sold and those have an average sale price of $174,545 and have taken an average of 143 days to sell.

Interest rates are down from this time last year. We have a terrific selection of homes. Employment remains steady and the economic outlook for Owatonna and our region looks very positive. We’re so fortunate to have a variety of employers who cross into diverse industries.

Winter is hanging on – but it’s been a beautiful one. The walking trails are cleared throughout the season, and many people enjoy cross country skiing, snowshoeing, sledding, skating, and hiking through Kaplan’s Woods. It’s great to be able to enjoy four distinct seasons, with plenty to do year round.

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