Oklahoma City Market Trends

Here are some good Oklahoma City Housing/Real Estate Market Trends

Wyatt Poindexter
Keller Williams Realty
http://www.wyattpoindexter.com/


June 2007 Results:

The following are comparisons between June 2006 and June 2007.
Closed units: 2031 in 2007. 2031 in 2006.

Total $ Volume: $315,551,833 in 07. $310,036,903 in 06.

Average Price: $155,367 in 07. $152,652 in 06

List to sales price ratio: 97% in 07. 99% in 06

Avg. days on the market: 74 days in 07. 66 days in 06.

Number of listings: 8955 in 07. 8419 in 06.

In summary, closed units are exactly the same as one year ago, total volume is up 2%, Average sales prices are up 2% from a year ago. Listings available are up 6% from May 2006. There is a current absorption rate of 4.41 months which is still considered a relatively balanced supply and demand ratio.2006 year end summary:In summary, average prices in 2006 were up 6% compared to 2005. Selling time averaged around 72 days. Interest rates were an average of 6.28% compared to 5.64% in 2005 and the number of listings processed on to the market were 21,346 units compared to 21,221 units in 2005. The number of properties on the market at year end was up 19% with 8263 units compared to 6922 at the end of 2005.