Home prices fell in all 4 regions.
Decline in median home price was 13.2%. The Largest on record.
Existing home sales down 8.6%.
New home sales down 2.9%.
November new home sales are the lowest in 17 yrs.
Joel Garcia
You are currently browsing the archive for the Real Estate Market category.
Joel Garcia
The November numbers have just been released and they show decreasing Home Values as compared to the same time last year. The number closed is also sharply down indicating a slowing real estate market in Oklahoma City.
Total closed in November 2008 was 948 down ↓29.6 % from the 1347 closed in November 2007.
The average price was $136,198 down ↓6.9 % from the November 2007 price of $146,329.
The median price was $116,000 down ↓5.7% from the November 2007 price of $123,000.
The average Days On Market for November 2008 was 88 up from 77 in 2007.
Based on information provided to and compiled by MLSGateway.com, Inc. covering a period 2007 through 2008MLSGateway.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
The October numbers have just been released and here is what we got.
Total closed in October 2008 was 1293 down ↓14.7 % from the 1516 closed in October 2007.
The average price was $154,873 down ↓1.5 % from the October 2007 price of $157,169.
The median price was $129,500 up ↑0.4 % from the October 2007 price of $129,000.
The average Days On Market for October 2008 was 73 down from 79 in 2007.
Based on information provided to and compiled by MLSGateway.com, Inc. covering a period 2007 through 2008MLSGateway.com, Inc. does not guarantee or is in any way responsible for its accuracy.
Seems like we are holding our ground pretty well. The total number closed is down a little but prices seemed to be holding up.
Joel Garcia
I have repeatedly made the claim that homes are a good investment and tend to increase in value over time. Below are the median prices by state from the U.S. Census Bureau. Enjoy. Read the rest of this entry »
Joel Garcia
Here are the September statistics for the Oklahoma City Metropolitan Association of Realtors. Read the rest of this entry »
Joel Garcia
Recent Comments