Sales statistics for the third quarter of 2007 were recently released by the Oklahoma Association of Realtors.  While the Oklahoma City Metropolitan Area experienced a 5.62% downturn from the same quarter in 2006 in the number of homes sold, the average sales price increased by 2.55% for the same period.  5,198 homes were sold in the OKC Metro area in the third quarter of 2007 versus 5,490 homes in that quarter in 2006.  The average sales price increased from $149,124 in third quarter 2006 to $153,339 in 2007.

Edmond saw a negligible decrease of less than one-half of one percent in the number of homes sold in the third quarter '07 compared to that quarter in 2006, with 1,023 homes sold through September of 2007 versus 1,028 sold in the same period of 2006.  Edmond home prices decreased slightly (2.51%), from $241,880 to $235,817.

In the state as a whole, sales of new and existing single-family homes (14,394) decreased 5.42% from the same period in 2006, while the average sales price of $126,145 represents greater than a 6% gain from this period last year.