View From Purcell, Oklahoma: Monthly Housing Statistics, Central Oklahoma, November 2013

Monthly Housing Statistics, Central Oklahoma, November 2013

Monthly Housing Statistics

November 2013

The data is still showing a seller's market. The housing inventory is down to 4.26 month's supply, which is a strong Seller's market. Anything below a 6 month's supply is considered a Seller's market.

Average days on market (DoM) is at 82 days. Anything below 90 is considered a Seller's market.

The average sales price has increased to just over $180,000 and the year to date total sales volume is up more than 17% in a year to year comparison! Plus, closed unit sales has increased almost 11% in the same year to year comparison.

What do all these numbers mean to you?

If you are thinking about buying, then waiting is not to your advantage and it is time to step into the market. The last 12 months have seen prices increase by 4-6%. (Varies by location, of course.)

If you are thinking about selling or need to sell, then it is a good time to list your property. Values are slowly increasing and appropriately priced homes are getting around 97% of the list price.

Should you wait to list when prices are higher? Depends on your time frame, but we are in a gradually increasing market, so don't expect a huge price increase. If you are selling and then buying another property then any increase you receive will be offset by the increase in the value of your new property.

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If you are searching for a property in McClain County (Cities: Purcell, Washington, Goldsby, Wayne, Dibble and Byars) or Cleveland County (Cities: Norman, Lexington, Noble and Slaughterville) I can help you find what you are looking for! As a Real Estate Professional I specialize in listing and selling residential real estate.  Whether those are new homes, resales, foreclosures, Real Estate Owned (REOs) or short sales, I can help you find your new home or sell your current property. I also handle farms, ranches, raw land and commercial properties.

 

 

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 5 commentsThan Maynard • December 18 2013 08:36AM

Comments

Hi Than - very positive news for the Central Oklahoma real estate market.   Here's hoping the trend continues into 2014.

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

A hot seller's market in Central Oklahoma, Than.  Good news for sellers. Buyers need all the help they can get and should call you for assistance.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) almost 6 years ago

Than, 

Good market report and I like your take action paragraph. I hope the sellers market continues for you folks well into the next year. 

Posted by Robert Bob Gilbert, Your Katy TX ( West of Houston) Real Estate Expert (Berkshire Hathaway HomeServices Anderson Properties) almost 6 years ago

Than ...really good news for your area ...I know it will continue!

Have a great night!

Posted by Rob Thomas, Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro (Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954) almost 6 years ago

Than, I like the way you interpret the market report as this is helpful to the consumer whether they live in the area or are planning to relocate to your area.

Posted by Mary Yonkers, Erie/PA Real Estate Instructor (Alan Kells School of Real Estate/Howard Hanna Real Estate) over 5 years ago

Participate