Northwest Oklahoma City Real Estate Market Conditions & Reports, Northwest Oklahoma City Market Trends, Oklahoma

Market Commentary Provided by Dorothy Hensley
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.

Report Date

Winter 2010

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Dorothy Hensley
Churchill Brown
Oklahoma City, Oklahoma
405-755-4422
dhensley@churchillbrown.com
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Nearest Metro Area

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

60-90 days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$150,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Up 0-5%

Prices As % of Asking Price

95-100%

Multiple Offers?

Greatest Activity

Repeat Buyers

Buyer Activity for the past 90 days in Northwest Oklahoma City is

Seller Activity for the past 90 days in Northwest Oklahoma City is

Is Financing Available For Qualified Buyers in Northwest Oklahoma City?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Homes in Deer Creek Schools and also, Edmond Schools. Also, areas with homes under $130,000.

Reason to Buy/Sell

Other

Average Sold Price

$150,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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