It’s a Great Day To Buy a House

It’s a GREAT DAY to BUY a HOUSE!

Month     Total Closed     Dollar Volume     Residential Listings Processed
January     1032     $152,174,975     1728
February     1224     $186,645,523     2467
March     1485     $233,377,821     2948
April     1548     $245,317,954     3045
OKCMAR STATISTICS for 2012

Great news for Buyers, Sellers and Realtors:  Sales are up—Listings are up—Prices are up.  The Oklahoma City market is showing signs of recovery.  Our metropolitan area continues to be one of opportunity for all concerned.  It is a great place to live and have a family, with cost of living and housing one of the lowest in the country.  Oklahoma’s economy is good with an unemployment rate of 4.0 with the national average at 7.7. (Based on April, 2012 Monthly rankings from the Bureau of Labor Statistics, US Dept of Labor.)  This places Oklahoma City at an 8th best ranking out of a total of 372 metropolitan areas.

Currently (June 7, 2012) there are 7675 houses on the market in the entire MLSOK system.  The breakdown of the number of individual residential homes on the market in our immediate area is as follows:

Oklahoma City:  2,518            Blanchard:  117
Edmond:  1161                El Reno:  100
Yukon:  377                    Minco:  12
Mustang:  123                Union City:  1
Piedmont:  80                Tuttle:  51
Bethany:   78                Newcastle:  47
Warr Acres:  34                Guthrie:  126
Midwest City:  310                Spencer:  19
Del City:  106                Jones:  30
Moore:  341                    Luther:  29
Norman:  586                Choctaw:  128
Harrah:  44

As you can see, there are plenty of homes in all areas for your specific needs.  Our median home price has risen to $158,474 and the average days on the market has fallen to 84—based on April, 2012 OKCMAR numbers.  Homes are selling faster and for more money than a year ago.

Whether you are buying or selling, there is opportunity to find exactly what you are looking for in a home, or to sell your house at a good price.  The market is beginning to level out to be more even and not favoring buyers or sellers unequally.

Please call me today if you need a market analysis of your property, or you are ready to start your search for your dream home.  I am always ready to work for you!