real estate: Steve Hermann's April Real Estate Market Report for Ponca City, Oklahoma - 05/02/08 04:38 AM
Hello Everyone! Welcome to my April 2008 Ponca City Real Estate Market Report.
The information below is collected from the North Central Board of REALTORS MLS>
Market data for April made a BIG CHANGE for Ponca City.  The number of Active lisitings rose from 60 in March to 94 in April.  The average list price is $122,585 with an average Days on Market of 98 days.  This increase in listings is normal for mid-Spring and with a shortage in previous months should improve sales for May.
Closings slowed slightly in April to 22 sales. The average sale price was $114,000 with an average Days On … (0 comments)

real estate: Steve Hermann's March Real Estate Market Report - 05/02/08 04:05 AM
Hello everybody! This is Steve Hermann's March Market Report for the Ponca City Area, including the Ponca City limits and east of Ponca City, as well as Osage County with Ponca City Addresses.  The statistics are collected from the North Central Board of REALTORS MLS.
Properties must have been moving in February and March!  There were only 60 Active listings in the immediate Ponca City Area for March.  The Average List Price was $130,000 with an average days on market of 135 days.  The Lowest list price was $28,000 and the Highest List Price was $575,000.
On the MLS, 30 properties closed in … (0 comments)

real estate: Steve Hermann's February Ponca City Market Report - 03/20/08 01:25 PM
These statistics were taken from the North Central Board of REALTORS MLS for the month of February.
At the end of the month there were 87 Active listings with Ponca City addresses.  The average List price was $122,935 and the average Days on Market was 99.
There were 23 homes SOLD in February.  The average price was $138,995 and the average days on market was 97.
The general analysis is home sales increased almost two-fold from January.  The absorbtion rate is 3.8.  Which means that at the rate homes sold in February we would eliminate the inventory in 3.8 months.  This is a low … (0 comments)

real estate: Steves January Market Report - 01/28/08 11:44 AM
Hello, & Thank You for visiting Localism.  This is your January Market Report for North Central Oklahoma posted by Steve Hermann, Your Ponca City REALTOR.  Statistics are collected from the NCBOR MLS System.
For January of 2008 there are 175 properties ACTIVE on the Market.  The average price of these active listings is $107,284.  The median price of these active properties is $86900.  The Average Days on Market(DOM) is 117.
There are currently 46 homes UNDER CONTRACT. The average price is $109,084 and the median price is $86,000.  The average DOM is 87.
In january of 2008 13 homes were scheduled to close.  The … (1 comments)

real estate: October Market Report - 11/14/07 02:20 PM
This is the monthly market report by your Ponca City Real Estate Expert, Steve Hermann.  Statistics are taken from the North Central Board of REALTORS MLS, for the Homes in the Ponca City Limits as well as East Kay County, & South Osage County.  Comparing only the month of October, the number of homes sold decreased from 29 in 2006 to 25 in 2007.  The Average List price of homes sold increased from $102,621 in 2006 to $105,272 in 2007.  The Average Sales price has risen from $98,365 in 2006 to $99,920 in 2007.  And Finally the Average List to Sale … (0 comments)

real estate: Tune Out the Media Hype! - 11/12/07 04:57 PM
The national media would have North Central Oklahomans believe that the real estate market is about to crash. "Foreclosures are up!", "Prices are down!".  Don't believe it!  History has shown that in the Ponca City area, real estate appreciates about 2% - 4% every year.  At this modest rate, how can the market crash?  In fact, the number of transactions in 2007 are very close to the number of transactions 2006. In addition, the average price of a home sold in North Central Oklahoma is on the rise.  The national media is generally referring to those states, or regions, where they experienced … (1 comments)


Steve Hermann

Ponca City, OK

More about me…

Coldwell Banker Heritage REALTORS

Address: 3216 N 14th Street, Ponca City, OK, 74601

Office: 580(765) 888-8108

Mobile: (580) 763-4853

Email Me

My mission is to inform,anyone who is interested, about the Real Estate market and the economic happenings in Ponca City and North Central Oklahoma.



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