October OKC Metro Housing Market Update
By Peter Levinson
October: OKC Metro Area Houseing Report
October proved to be an interesting month for the Oklahoma City Metro area Real Estate Market. The Oklahoma City Metro Association of REALTORS® Housing Numbers is reporting an increase in new properties coming to the mareket over last year, however inventory is still lagging behind the amount of homes listed year over year. Good news for Sellers, the number of Sold homes for October 2018 did exceed what was Sold in October 2017.
In regards to Average Sales Price, the Oklahoma Metro Area continues to see an average close to 4% (3.4% for October). What is great to see is Median Days on the Market down by 5 days.
All statistics tell us that now is still perfect market conditions to Sell and Buy. Interest rates are slowing normalizing, however we are still way below historically home interest rates.
Interested in knowing what your home is worth? Send us a quick email with your name and home address to Hello@levinsonteam.com for a detailed report on the value of your home!
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