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 ratio has decreased from %95.85 in 2006 to %94.92 in 2007.
A general analysis in comparing only the month of October from 2006 to 2007:
1. Number of homes sold is down!
2. List Price is up!
3. Sale Price is up!
4. List to Sale ratio is down!
From January through October of 2006, 319 homes sold.
From January through October of 2007, 336 homes sold.
Please call if you have any questions. Steve Hermann 580-763-4853.