Current Sales Statistics for the Central Oklahoma area.

By
Real Estate Agent with RE/MAX Twin Rivers

Oklahoma continues to defy the national press reports of a dismal real estate market.   Central Oklahoma sales are continuing at a solid rate.

 The Central Oklahoma area covers nearly 3500 Square Miles and includes Oklahoma City, Edmond, Yukon, Mustang, Moore, Midwest City, Del City, Guthrie, Luther, Jones Harrah, Choctaw, The Village, Nichols Hills, Bethany, Warr Acres, Union City, El Reno, Minco, Tuttle, Newcastle, Blanchard.  Piedmont and others.

 Latest sales statistics show us that sales are below the historic levels of the last 3 years and back to a more normal rate.  Even with fewer homes sold prices are still increasing.  According to the Oklahoma County assessor prices have increased between 3% and 5% over last year.  Home prices are increasing prices even as the number of homes on the market has increased to record levels.  The average days on the market is only slightly higher than last year.

 The following are historical graphs of sales statistics compiled from the Oklahoma City Metropolitan Association of Realtors MLS system.  The red line is 2008.

 

Total Homes Sold by Month

Total Active Listings

 

Comments (7)

Jean Terry
Keller Williams Realty Spartanburg, S.C. - Spartanburg, SC

Hi, and welcome to Active Rain, a great site to network, and to share.

Have a great day!

Aug 16, 2008 06:40 AM
Nance Burdette
Keller Williams Realty Partners - Spartanburg, SC

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Aug 16, 2008 12:58 PM
Paul Howard
Paul Howard, Broker, Paul Howard Realty 856-488-8444 - Cherry Hill, NJ
Paul Howard Realty, 856-488-8444

Welcome to Active Rain!  It is a great place to learn and teach.

good luck

Aug 16, 2008 01:47 PM
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Jesse,

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-Keith

Aug 16, 2008 03:56 PM
Lorena Westervelt
Van West Realty - Greenville, SC
Co-Founder/Co-Owner

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Aug 16, 2008 05:30 PM
Dwayne West
Atlanta Real Estate - Canton, GA
Canton Georgia Real Estate

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Aug 18, 2008 02:23 AM
Lori Isaacson
Credit Restoration Consultants - Plantation, FL

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Aug 19, 2008 01:59 AM