How’s the real estate market in Edmond?
That’s the question everyone always asks me. The quick answer, the real estate market in Edmond is busier than usual for winter and pending sales are up. I’ve crunched the numbers for your January Market Update. Here’s the facts to back that answer up; 538 listings hit the market in January which was a 22% increase compared to the previous year. When compared to the same time last year, overall inventory is up 17% with a 3 1/2 month supply. The median sales price was $242,000. Download Full Report
Pending Sales on the Rise!
Traditionally January is a quieter month in real estate. Maybe it’s because people are still hung over from the holidays and aren’t very interested in looking at houses. This year has been different. In Edmond, there was a 6.7% increase in showing activity and a 15% increase in the number of contracts accepted during January. Let’s hope this early buzz of activity is a sign of a rise in sales this spring!
Now is the Time to List
Showing activity is up. Pending sales are up. Why wait until inventory and competition is up too? List now to get ahead of the spring market. The Market Update for January shows that pending sales and showings are up in Edmond, OK. Homeowners should take advantage and list now to get a jump on spring competition.
For the true data junkies, scroll to the bottom of the page and download the full report. It’s loaded with details about days on market, inventory numbers, and closed sales. For data specific to your zip code, neighborhood, or street complete the form at the bottom of the page.