Fewer transactions overall - that is the main thing that stands out in our Real Estate Market so far this year. Down 28.5% from last year.
I am still seeing the best listings go very fast and the average days on market are still pretty low. - Average Days on Market OKC = 37 - Average Days on Market Edmond/Deer Creek = 31 - Average Days on Market Yukon/Mustang = 26
Prices are holding steady and up from last year (see chart below). It will be interesting to see how this particular stat holds to the end of the first quarter. Stay tuned!
Want to talk ideas for YOUR real estate plan? Just give me a call or text!
Warm Wishes,
Monthly Real Estate Statistics for Oklahoma City Metro - February Results!
Edmond/Deer Creek
YTD 2/28/2023
vs.
YTD 2/28/2022
% Difference
# New Listings
757
696
+8.8%
# Closed Sales
419
560
-25.2%
Average Sales Price
$434,981
$386,017
+12.7%
Average Price per sf
$178.93
$160.26
+11.7%
Oklahoma City Metro
YTD 2/28/2023
vs.
YTD 2/28/2022
% Difference
# New Listings
4,557
4,475
+1.0%
# Closed Sales
2,746
3,842
-28.5%
Average Sales Price
$278,607
$268,515
+3.8%
Average Price per sf
$150.93
$142.59
+5.5%
Yukon/Mustang
YTD 2/28/2023
vs.
YTD 2/28/2022
% Difference
# New Listings
570
469
+21.5%
# Closed Sales
323
448
-27.9%
Average Sales Price
$276,775
$263,469
+5.1%
Average Price per sf
$151.65
$143.08
+6.0%
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