While a few markets around the country are struggling or declining, the Real Estate market in Edmond, Oklahoma and the overall OKC metro area continues to show signs of strength. The following chart shows the monthly Oklahoma City Metropolitan Real Estate statistics for June 2007 as compared to May 2007 and June 2006.  

  Jun-07 May-07 Jun-06 1-month change 1-year change
TOTAL CLOSED  2031 1994 2031 1.82% 0.00%
TOTAL $ VOLUME  $315,551,833 $302,824,147 $310,036,903 4.03% 1.75%
AVERAGE PRICE  $155,367 $151,833 $152,652 2.27% 1.75%
MEDIAN PRICE  $130,000 $130,000 $128,000 0.00% 1.54%
AVG. INT. RATE  6.19% 5.96% 6.40% 3.72% -3.39%
%SELLING PRICE TO LIST PRICE  97% 98% 99% -1.03% -2.06%
DAYS ON MARKET  74 78 66 -5.41% 10.81%
NUMBER OF LISTINGS  8955 8838 8419 1.31% 5.99%
ABSORPTION RATE 4.41 4.43 4.15 -0.52% 5.99%

Edmond Real EstateThe first thing you'll notice is that all value comparisons to last month and last year reflect very positive appreciation. Both the average and median home prices are up, and the average interest rate is lower than this time last year. The overall days on market and the absorption rate have improved slightly over last month, even though they are a little higher than this time last year. Total closed transactions is up over last month and even with last year, while the total volume is up over both last month and last year. 

In summary, these figures show us that the Oklahoma City metro area Real Estate market and the Edmond Real Estate market are still on the rise, despite the wariness of many consumers. With 8,955 homes currently on the market in the metro, and 2,031 sold in June, we have a 4.41 month inventory on hand. This summer appears to be a great time for buying and selling Edmond Real Estate. If you have any questions about Homes for Sale in Edmond, OK, please don't hesitate to contact us for a free, no obligation analysis of the current market. In the meantime, you'll find a wealth of information at our Edmond Real Estate website.

**Based on information provided to and compiled by MLSGateway.com, Inc. covering a period (06/01/06) through (06/30/07). MLSGateway.com, Inc. does not guarantee or is in any way responsible for its accuracy

In Him,
Ryan Hukill
Realtor ® Associate

Hukill Group - Paradigm Realty
16211 N May Ave
Edmond, OK 73013
direct.: (405) 802.HOME
fax: (405) 285.8428
ryanhukill@cox.net
www.YourOpenHouse.us

 

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2 Comments on Edmond/OKC Real Estate Statistics for June 2007

JUL
12
2007
298,459 Points 49 Featured Posts Outside Blog
Very nice post on your local market.  It's good to see that Edmond real estate is alive and well!
5:55am • #1
292,994 Points 19 Featured Posts Outside Blog
Thank you Maggie. I'm glad to see it doing well also  :)   How about you? Staying plenty busy I'm sure!
11:51am • #2

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Ryan Hukill - Edmond Realtor®

Edmond, OK

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ShowMeOKC Team of Paradigm AdvantEdge

Address: 16301 N May Ave, Edmond, OK, 73013

Office Phone: (405) 259-6565

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The ShowMeOKC Team is passionate about helping you discover your surroundings from Yukon to Choctaw, Edmond to Moore, and everywhere in between. Serving your Real Estate needs is our business, and encouraging you to maximize life in the metro is our passion.


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