View From Purcell, Oklahoma: Monthly Housing Statistics from the NBR

Monthly Housing Statistics from the NBR

Monthly Housing Statistics from the Norman Board of Realtors

All data compiled by RE STATS Inc from the AMLSOK

median

 

The majority of the data is very positive. The housing inventory or supply is now below 5 months, which typically signifies a seller's market. Closed Volume Sales was up an astounding 31.61%, but this number was greatly influenced by the 22% increase in Closed Unit Sales. All three of these stats are great news for sellers.

The median days on market increased by 12 days to 90 days for the Year to Date DOM, which was the only bad news for sellers.

average

As far as the averages go they are pretty similar to the median numbers.The biggest difference is in the Average Sales Price (ASP), which increased by 7.76% compared to only 4.47% on the median ASP.

Which numbers do you put the most stock in? I suggest looking at the data as a whole and seeing the overall trend in the market. The current trend, in my opinion, is a seller's market. I believe this is even being reflected in the negative data for Days On Market (DOM). More sellers are willing to wait longer to get their asking price and buyers are being slow to adjust. (With DOM you have to assume all houses are correctly priced to begin with and we know that is not always the case.)

The second group of number I am looking at is the Closed Unit Sales Year to Date. There have been 156 more closing in the first two months of 2013 and home prices are increasing while housing inventory is decreasing.

Low interest rates, lower inventory and increasing sales prices. If you are sitting on the fence waiting for that 'steal' you may have waited to long. Get of the fence and get into a new home!

 

 

 

Licensed to SELL - Dedicated - Experienced - Honest - Than Maynard - Purcell, OK

Head shot

Than Maynard
REALTOR, CRB, Certified Short Sale agent, Certified Foreclosure Agent, Accredited REO Agent
Coldwell Banker Heart of Oklahoma Real Estate
1726 N Green Avenue, Purcell, OK 73080
CELL: (405) 990-8862
OFFICE: (405) 527-3012
www.cbheart.com

 

 

We never stop moving 3d

Comment balloon 1 commentThan Maynard • March 20 2013 09:54AM

Comments

Hi Than -- handy and concise information -- sure to benefit both buyers and sellers in Oklahoma within the Norman MLS areas.  

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 over 6 years ago

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