Steves January Market Report

By
Real Estate Agent with Coldwell Banker Heritage REALTORS

 

 

Hello, & Thank You for visiting Localism.  This is your January Market Report for North Central Oklahoma posted by Steve Hermann, Your Ponca City REALTOR.  Statistics are collected from the NCBOR MLS System.

For January of 2008 there are 175 properties ACTIVE on the Market.  The average price of these active listings is $107,284.  The median price of these active properties is $86900.  The Average Days on Market(DOM) is 117.

There are currently 46 homes UNDER CONTRACT. The average price is $109,084 and the median price is $86,000.  The average DOM is 87.

In january of 2008 13 homes were scheduled to close.  The average price was $71,638 and the median price was $61,000.  The average DOM was 165.

The absorption rate in January is a high 13.5.  This means that at the rate homes sold in January, there is enough inventory to last 13.5 months.  This number represents a "buyers market".

If you need any assistance, or information pertaining to real estate in North Central Oklahoma, please contact me @ 580-763-4853 or email me at stevehermann@cableone.net.

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I love the picture that you have on there.Butterfly

Dec 08, 2008 05:27 PM #1
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