View From Purcell, Oklahoma: Monthly Housing Statistics- March 2013

Monthly Housing Statistics- March 2013

Monthly Housing Statistics - March 2013

Central Oklahoma Housing Report

Are you stilling waiting for the market to hit bottom before making your purchase? Well, you might have missed the very bottom, but prices are still low, interests are at historical lows and the marketing statistics are showing a seller's market. For the last three (3) months the Monthly Housing Statistics have been steadily improving for sellers. If you are looking to purchase now is the time to get off the fence and get into your new home.

March 2013 Monthly Housing Statistics

 

There is less than a 6 month supply of homes on the market, which is a indicator of a seller's market.

The asking price to sold price ratio increased again, which is another indication of a seller's market.

Average Days on Market (DOM) went below 100 and this is another indication of a seller's market.

Does this mean seller's can ask and get whatever they want? No, the appraised price must still be based on recent sales, but appraisers can justify increasing values. This is the time that a market starts a strong upward trend.

Please feel free to contact me if you are looking to buy or sell in central Oklahoma. I know the market and will be glad to help.

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 2 commentsThan Maynard • May 01 2013 08:09AM

Comments

Hi Than -- buyers who are waiting(or who waited) for prices to hit bottom may be out of luck -- but mortgage interest rates are still quite competitive and at historic lows.   These are only two factors in the home buying equation -- what happened to the concept of people wanting to own a home so they can do whatever they want without asking the landlord?   

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 over 6 years ago
Hi Than, buyers and sellers would be well advised to call you for their real estate needs. You definitely stay on top of the market in your area!
Posted by Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES, Florida Waterfront and Country Club Living (Tropic Shores Realty - Ich spreche Deutsch!) over 6 years ago

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