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Winter 2012 Market Update
The higher the price the home, the more increase in "Days on Market". The absorption rate would still be considered a seller's market in the price range under $130000. Then, the days on market begins to increase with a 5 -6 month supply in the $50000-200000 price range.
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| Average Home Price | $150,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 60-90 days |
| Prices As % of Asking Price | 95-100% |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Multiple Offers? | No |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Other |
| Housing Hot Spots | Homes in Deer Creek Schools and also, Edmond Schools. Also, areas with homes under $130,000. |
| Average Sold Price | $150,000 - View Graph Trend |
Northwest Oklahoma City Local News
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...
Contact Information
Dorothy Hensley
405-755-4422
Request More Information Let me answer your questions!
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Blog Archives
Mortgage Rates
– Feb 9th, 2012 –
---------------------------------
30 yr. fixed rate: 3.89%---------------------------------
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.66%
15 yr. jumbo rate: 3.99%
Home Values
StreetZip Code
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Request More Information Let me answer your questions! Ask Me!
Dorothy Hensley
Churchill Brown
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 405-755-4422
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