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BUYERS-2nd Quarter might be very competitive!

Wednesday, March 19, 2014   /   by Todd Franz

BUYERS-2nd Quarter might be very competitive!

Edmond Home Sales down in January 2014

 

Our cold winter has slowed home sales.  I am expecting the 2nd Quarter to be very competitive for home buyers with more buyers waiting for better weather.  What does this mean for you, the buyers?  Probably more competition for the small Inventory we have (currently around 6000 in the metro for sale with the average being closer to 8000 so).  Here is the data.

 

MARKET SUMMARY

There are currently 128 properties in Edmond,  OK only that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 766. 

In February, the number of properties that received a foreclosure filing in Edmond, OK was 40% higher than the previous month and 40% higher than the same time last year. 

Home sales for January 2014 were down 49% compared with the previous month, and down 15% compared with a year ago. The median sales price of a non-distressed home was $191,100. The median sales price of a foreclosure home was $193,000, or 1% higher than non-distressed home sales.
Elite Real Estate & Dev.
Todd Franz
1701 Signal Ridge Dr Suite 140
Edmond, OK 73013
405-285-0292
405-503-1580

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Copyright© 2021 MLSOK, Inc. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. The listing information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is copyrighted and may not be transmitted, re-transmitted, copied, framed, re-purposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLSOK, Inc. Information last updated on October 28, 2021
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