August wrapped up another solid month for the OKC Metro area! This was a strong “summer finish” to a very busy season in the areas I serve. Check out all of the details in the OKC Metro Market Update below.
The Stats!
Homes Sold
During this time period, the number of homes sold by jumped by 232 properties. That is an increase of 14% from 1471 to 1703 homes.
Active Listings
Active Listings increased from the previous month’s 2359 to 2411. While not significant, it is still pointing in the right direction at 2%.
Days on the Market
Days on the Market remained steady at 14 days. The prior month was 13 days.
Average Sold Price
Average Sold Price did decreased, but only slightly from $320K to $319K.
The Bottom Line
The bottom line with all of these statistics is that we finished off the summer very strong. It is safe to say August demonstrated another strong Sellers Market in the OKC Metro Area. While things always slow down once schools start and into the fall, it’s still a great market to sell or buy a home.
The recent interest rates came later in August and some of that impact will be realized in the results shared next months. Thanks you for checking out my OKC Metro Market Update, the September 2022 edition.
In the meantime, if you are looking to make a move, DM me! Also check out my real estate company OKC Metro Group, where we are always striving to exceed client expectations!
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For more updates…..
If you are interested is past real estate updates and tips, CLICK HERE!
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