Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Feb. 24, 2024

Real Estate Market Update - OKC - February 2024

Here is the update for the Real Estate Market!

This year I am shifting the market data chart to Year Over Year. This means each month we will compare numbers to the same month from the previous year to see trends. 

We will still include the Year-to-date Data starting next month - so please stay tuned!

- Days on market up considerably from 34 days last month to 47 days currently

- Prices are still increasing, just slower than they were 2 yrs ago

- Inventory has returned to a "neutral" 2.9 month supply

See my video this month and also the market data chart below!

 

Real Estate Market for OKC, Edmond and Yukon

Jan. 19, 2024

Real Estate Market Update for January 2024

Real Estate Market Report for January 2024 - Oklahoma City, Edmond, Yukon and Mustang

I hope your 2024 is off to a fantastic start! We have seen business pick up "right out of the gate" for this year.

Here is the update for the Real Estate Market!
- Days on market is still low
- Prices are still increasing, just slower than they were 2 yrs ago
- Inventory remains flat at 3.6 mos supply
- Interest rates have gone down

Want to talk strategies for YOUR real estate success? Just give me a shout and we'll bounce ideas!

Real Estate Market in Oklahoma City, Edmond, Yukon & Mustang

Check out our areas market reports for Oklahoma CityEdmondYukonMustang and others... 

See Current Homes for sale in Oklahoma CityEdmondYukon and Mustang

Dec. 21, 2023

Real Estate Market Update for December 2023

Here is the update for the Real Estate Market!
- Days on market is still on the rise
- Prices are steady Year-to-date
- Inventory is starting to accumulate
- We are starting to see completely different market dynamics among different price ranges


Want to talk strategies for YOUR real estate success? Just give me a shout and we'll bounce ideas!
 

Warm Wishes,

Real Estate Update - Breaking Down the OKC Real Estate Market

Monthly Real Estate Statistics for Oklahoma City Metro - As of November 30, 2023!

Edmond/Deer Creek   YTD 11/30/2023 vs. YTD 11/30/2022   % Difference
# New Listings   4,929   5,266   -6%
# Closed Sales   3,382   4,273   -21%
Average Sales Price   $428,525   $413,419   +4%
Average Price per sf   $179.47   $172.00   +4%
Days on Market   48   28    
             
Oklahoma City Metro   YTD 11/30/2023 vs. YTD 11/30/2022   % Difference
# New Listings   30,590   32,902   -7%
# Closed Sales   21,053   25,910   -19%
Average Sales Price   $292,674   $287,627   +2%
Average Price per sf   $156.09   $151.94   +3%
Days on Market   40   31    
             
Yukon/Mustang   YTD 11/30/2023 vs. YTD 11/30/2022   % Difference
# New Listings   3,506   3,515   -0.3%
# Closed Sales   2,365   2,901   -18%
Average Sales Price   $289,577   $280,202   +3%
Average Price per sf   $157.67   $152.31   +4%
Nov. 22, 2023

Real Estate Market Update for November 2023

Happy Thanksgiving! These are the current market conditions...

- Days on market is at just 28 days on average, but...

- We are seeing a bigger disparity between the days on market for sold homes versus active listings - and very different days on market for various price ranges. See the chart below.

- Inventory is up to a 3.2 month supply. In OKC - this is a neutral amount of inventory. Typically under 3 month supply is a seller's market and over 3 month supply favors buyers. 


Want to talk strategies for YOUR real estate success? Just give me a shout and we'll bounce ideas!

Warm Wishes,


Real Estate Market Update for OKC, Edmond, Yukon and Mustang

Check out our areas market reports for Oklahoma CityEdmondYukonMustang and others... 

See Current Homes for sale in Oklahoma CityEdmondYukon and Mustang

Oct. 19, 2023

Real Estate Market Update for October 2023

It's Fall Y'all!  Home sales are still moving along, albeit at a very mild pace compared to last year.

- Days on market still low at just 26 days on average

- Inventory is up slightly to a 2.8 month supply

- Average price is up, total number of transactions is down

Want to talk strategies for YOUR real estate success? Just give me a shout and we'll bounce ideas!

 

Market data for Real Estate in OKC, Edmond, Yukon & Mustang Oklahoma

Check out our areas market reports for Oklahoma City, Edmond, Yukon, Mustang and others... 

See Current Homes for sale in Oklahoma City, Edmond, Yukon and Mustang

Sept. 28, 2023

Real Estate Market Update for September 2023

Want to know "How's the Market?" - Here are the highlights as we close out the third quarter!

 

- Days on market still low at just 25 average

- List-to-sale price ratio still at 98% to 99% across OKC market segments

- Inventory is relatively low at just 2.5 month supply, but we are starting to see more supply in higher price ranges (above $600K)

* We are sure to see more variation among different price ranges coming up - Stay tuned and I will keep you posted.

 

Let's talk strategies for YOUR real estate success - Just give me a shout!

Real Estate Market Data - Oklahoma City and Edmond

 

Aug. 17, 2023

Real Estate Market Update for August 2023

This month's update shows more normalization. I definitely think PREPARATION is key in your success with Real Estate right now.
* There is a 2% negotiating margin currently which is the most it has been in a few years.
* Selling a home - going to market with comprehensive marketing and detailed plans for handling offers will earn Sellers better prices.
As always - I am helping clients every day to adapt and to thrive in the current market conditions -  Remember to reach out if you have questions about your overall plan for Real Estate. I'd be happy to help you.


Warm Wishes,

 

Monthly Real Estate Statistics for Oklahoma City Metro - June 2023 Results!

Edmond/Deer Creek   YTD 7/31/2023 vs. YTD 7/31/2022   % Difference
# New Listings   3,257   3,647   -11%
# Closed Sales   2,211   2,759   -20%
Average Sales Price   $433,062   $412,848   +5%
Average Price per sf   $179.99   $170.24   +6%
             
Oklahoma City Metro   YTD 7/31/2023 vs. YTD 7/31/2022   % Difference
# New Listings   19,546   21,993   -11%
# Closed Sales   13,418   16,783   -20%
Average Sales Price   $293,994   $286,896   +2%
Average Price per sf   $155.54   $151.08   +3%
             
Yukon/Mustang   YTD 7/31/2023 vs. YTD 7/31/2022   % Difference
# New Listings   2,352   2,354   -1%
# Closed Sales   1,533   1,946   -21%
Average Sales Price   $292,945   $278,960   +5%
Average Price per sf   $157.22   $150.98   +4%

"...If you need more specific information about a particular area - just let me know.  I'm happy to help..."


Chris Moore
Century 21 Goodyear Green
405-308-0281
www.CMooreHouses.com

Proven Strategies - Positive Results
Since 1999
 

 

 
 
July 17, 2023

Real Estate Market Update for July 2023

I hope you had a great 4th of July! Prices are settling slightly in the market - down 1% this time last year. The high demand areas still have listings that are selling within the first week! 


Want to talk ideas for YOUR real estate plan? Just give me a call or text!
 

Warm Wishes,

Real Estate Update - Breaking Down the OKC Real Estate Market

Monthly Real Estate Statistics for Oklahoma City Metro - June Results!

June 26, 2023

Real Estate Market Update for June 2023

Summer is heating up! Prices are still strong throughout the market - up 4%. Days on market is a speedy 22 day average. This is almost as quick as the market peak last June at a 16 day average.

In this video we will also talk about interest rates and how the market is affected - the real results may surprise you... 


Want to talk ideas for YOUR real estate plan? Just give me a call or text!
 

Warm Wishes,

Real Estate Update - Breaking Down the OKC Real Estate Market

Monthly Real Estate Statistics for Oklahoma City Metro - May Results!

Edmond/Deer Creek   YTD 5/31/2023 vs. YTD 5/31/2022   % Difference
# New Listings   2,244   2,400   -7%
# Closed Sales   1,467   1,824   -20%
Average Sales Price   $431,902   $405,414   +7%
Average Price per sf   $178.93   $167.74   +7%
             
Oklahoma City Metro   YTD 5/31/2023 vs. YTD 5/31/2022   % Difference
# New Listings   13,438   14,579   -8%
# Closed Sales   8,958   11,475   -22%
Average Sales Price   $288,808   $281,702   +3%
Average Price per sf   $153.95   $148.69   +4%
             
Yukon/Mustang   YTD 5/31/2023 vs. YTD 5/31/2022   % Difference
# New Listings   1,594   1,572   +1%
# Closed Sales   1,037   1,357   -24%
Average Sales Price   $289,224   $274,434   +5%
Average Price per sf   $155.47   $148.90   +4%

"...If you need more specific information about a particular area - just let me know.  I'm happy to help..."


Chris Moore
Century 21 Goodyear Green
405-308-0281
www.CMooreHouses.com

Proven Strategies - Positive Results
Since 1999
May 12, 2023

Real Estate Market Update for May 2023

Check out my latest update here! Prices are still strong throughout the market. We are STILL seeing low inventory and speedy days-on-market.

Interestingly, the total number of transactions is still down 24% YTD across our market area. 


Want to talk ideas for YOUR real estate plan? Just give me a call or text!
 

Warm Wishes,

Real Estate Update - Breaking Down the OKC Real Estate Market

Monthly Real Estate Statistics for Oklahoma City Metro - April Results!

Edmond/Deer Creek   YTD 3/31/2023 vs. YTD 3/31/2022   % Difference
# New Listings   1,762   1,822   -3.3%
# Closed Sales   1,049   1,348   -22.2%
Average Sales Price   $431,846   $396,628   +8.9%
Average Price per sf   $178.29   $164.54   +8.4%
             
Oklahoma City Metro   YTD 3/31/2023 vs. YTD 3/31/2022   % Difference
# New Listings   10,331   11,013   -6.2%
# Closed Sales   6,639   8,757   -24.2%
Average Sales Price   $284,703   $277,375   +2.6%
Average Price per sf   $152.67   $146.45   +4.3%
             
Yukon/Mustang   YTD 3/31/2023 vs. YTD 3/31/2022   % Difference
# New Listings   1,266   1,152   +9.9%
# Closed Sales   752   1,025   -26.7%
Average Sales Price   $285,706   $272,319   +4.9%
Average Price per sf   $154.81   $147.16  

+5.2%

"...If you need more specific information about a particular area - just let me know.  I'm happy to help..."


Chris Moore
Century 21 Goodyear Green
405-308-0281
www.CMooreHouses.com

Proven Strategies - Positive Results
Since 1999