It’s time again to take a look back at the last month and see what’s been happening in the real estate biz here in Edmond, Oklahoma with a monthly Edmond Real Estate Market Update. Early in the month I warned sellers that September can be a little slow especially during the great state fair of Oklahoma. Sometimes I hate being right. As it turned out, here in Edmond we did list and sell fewer homes during September than we did in August. However, we still listed and sold more than we did a year ago.
As I type, there are just under 900 homes listed and about 380 currently under contract within the Edmond Public School boundaries. Our average days on market is 73. During September, 293 new listings came on the market. 55 of those have already accepted contracts making the number of pending transactions 224. Instead of going to the fair, 278 buyers went to the closing table (three of those were on million dollar homes by the way).
September wasn’t a bad month at all! I can’t wait to see what October brings.
Talk to you soon!