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Winter 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
– Feb 23rd, 2012 –
---------------------------------
30 yr. fixed rate: 3.90%---------------------------------
15 yr. fixed rate: 3.17%
30 yr. jumbo rate: 4.68%
15 yr. jumbo rate: 3.96%
Home Values
StreetZip Code
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
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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