Wednesday, August 8, 2007

JULY 2007 Oklahoma City Market Conditions

Here are a few Oklahoma Market Conditions.

Wyatt Poindexter
Keller Williams Realty

There were 2,031 residential sales closed in June 2007, unchanged from June 2006.

In the metro, the average interest rate at residential closing was down 3.3%, from 6.4% in
June 2006 to 6.19% in June 2007.

The average residential sale price for a home purchased in June 2007 was $155,367, up
1.8% from the June 2006 average of $152,652.

The average number of days on the market for a home was up 12.1%, from 66 days in
June 2006 to 74 days in June 2007. (Source: OKC Metropolitan Association of Realtors)

Oklahoma City ranked 13th in population growth between July 2005 and July 2006
among all U.S. cities with more than 500,000 people. Most U.S. cities grew by less than
one percent, while Oklahoma City grew by 1.26 percent.

Oklahoma Gas & Electric has received the highest overall ranking in customer
satisfaction among utilities in the southern United States, according to J.D. Power &

A new shopping center has been proposed for Yukon. Yukon Village Shopping Center is
set to open in October 2008 and will be along I-40 and across the street from West End
Pointe Lifestyle Center, currently in its last stages of development.