The number closed is sharply down indicating a slowing real estate market in Oklahoma City. Often a sharp drop in the numbers sold will precede a corresponding sharp drop in prices. Let’s hope this phenomena does not prove to be true in this case.
Total closed in January 2009 was 741 down ↓36.7 % from the 1170 closed in January 2008.
The average price was $146,837 down ↓5.9 % from the January 2008 price of $156,089.
The median price was $125,000 down ↓6.7% from the January 2008 price of $134,000.
The average Days On Market for November 2008 was 95 up from 92 in 2008.
Based on information provided to and compiled by MLSGateway.com, Inc. covering a period 2008 through 2009MLSGateway.com, Inc. does not guarantee or is in any way responsible for its accuracy.
Find out How Much Your Home is worth Today!
Joel Garcia
Tags: future of housing, Homes for Sale, housing bubble, housing crisis, housing statistics, median home prices, Oklahoma City Information, paula and company realtors, Real Estate Market
No comments
Comments feed for this article
Trackback link
http://blog.paulaandcompany.com/2009/02/19/the-market-statistics-for-the-first-month-of-2009/trackback/