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Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Norman. Low rates with falling home prices makes a home purchase a great value! Call now for more information at Stan: 405-417-7487 or Jayme: 405-520-9653
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| Average Home Price | $150,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 0-5% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $150,000 - $199,000 |
| Worst Selling Price Range | $600,000 - $649,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | Equal buyers and sellers |
| Buyer Activity for the past 90 days in Norman is | Increasing |
| Seller Activity for the past 90 days in Norman is? | Increasing |
| Multiple Offers? | No |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 10-15% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Limited Supply |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | New Industries |
| Nearest Metro Area | Oklahoma City |
| Housing Hot Spots | Most cities within the Cleveland County area are considered ’Housing Hotspots’ |
| Average Sold Price | $150,000 - View Graph Trend |
Norman Local News
News for Norman, OK - January 3rd, 2011 10:36am
There is finally a cool feel to the air, football is in full swing, and the time to buy or sell is now! The interest rates are at an all time low! We closed several this month and couldn't believe we were seeing 3.875% rates!!! Great time to be on the market and great time to Hunt for a home! Rates are low, prices are low and sellers want to sell.
Contact Information
Stan and Jayme McLaughlin
Stan: 405-417-7487 or Jayme: 405-520-9653
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– May 28th, 2012 –
---------------------------------
30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
Stan and Jayme McLaughlin
Keller Williams Realty
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 Stan: 405-417-7487 or Jayme: 405-520-9653
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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