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Oklahoma City Metro July Real Estate Market Report

Oklahoma City Metro July Real Estate Market Report

Active Listings – 9299 units (8670 units in July 2009 - increase of 6.8% and 9004 in June 2010)

Total Units Closed - 1138 (-33.3% compared to July 2009 and -27.3% to June 2010)

Oklahoma City Ok Home Sales Growth

Average Price - $164,645 ( $158,572 in July 2009 and $160,570 in June 2010)
Average Interest Rate - 4.96% (5.51% in July 2009 and 5.12% in June 2010)
Median Price - $135,000 ($135,000 in July 2009 and $138,000 in June 2010)
% Selling Price to List Price - 96% (96% in July 2010 and 97% in June 2009)
Days on Market - 81 (80 in July 2009 and 75 in June 2010)

Oklahoma Total Foreclosure Rate


At midyear, homes were selling almost two workweeks faster than last summer — in 75 days on average in June, compared with 86 days in June 2009, according to the Oklahoma City Metro Association of Realtors.


Nonetheless, sales were off 6 percent in June compared with the year before and off 6.2 percent from May.

A sign of strength, however, was the average sale price of $160,570 was virtually flat with the average of $159,400 in June 2009, and the median price of $138,000 was a 2.2 percent increase over the year-ago median of $135,000.

On the building side of the market, construction has been rebounding from 2009 levels all year.


Source: OKC Metropolitan Assn of Realtors and National Assn of Realtors
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Posted Wednesday Aug 25