🏘️🔍 Can you guess the average home prices for 2023 in OKC and Edmond? How about the average rent price?
✨OKC avg Sale Price $250,000✨
✨OKC avg Rent $1,500✨
✨Edmond avg Sale Price $372,000✨
✨Edmond avg Rent $1,800✨
These are average prices. In OKC and Edmond you have a lot of options when it comes to our local real estate market! For example, you can find homes built in the early 1900s all the way up to new luxury builds; condos to sprawling acreages, and everything in between; homes from $150,000 up into the millions. We live in a very diverse community, just one of the many things I love about living and working in the OKC Metro.
💬 If you like this home price series, let me know what I should feature next in the comments, or if you have a favorite neighborhood.
*Note: This data was obtained from Redfin and Rentable*
#buyahouse #homeforsale #homesellers #homeselling #stetsonbentley #stetsonbentleyrealestate #listingagent #oklahomarealestate #sellinghomes #edmondrealestate #mustangrealestate #yukonrealestate #piedmontrealestate
#terrimcqueenrealtor
In this special New Year’s edition, delve into the heart of the Oklahoma City Metro including lifestyle trends, home tips, and more!
– Check out Organize it With Michelle for professional help with home organization for the new year. Get ready for a new year by getting organized! Check out her web site, organizeitwithmichelle.com
– Start your New Year’s resolutions with healthy eating. This new year, let’s focus on healthy eating to reach resolutions and promote total wellness. Need some help? Would you like a chance to get out of the kitchen, simplify your life, eat healthier, spend less on groceries? Let Daphne help you out. Check out Delishes Dishes with Daphne.
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As we move into a new year, let’s take a look at a recap of the Oklahoma City Metro real estate trends from 2023 and the market predictions for the future.
What did we see last year? As an agent, I have a front seat to what’s happening in the market. Last year, we saw higher interest rates, which held back many buyers, and limited inventory (or available homes for sale). Despite some areas having a decreased number of sales, many buyers had less competition, and sellers benefited from increased home values.
The OKC/Edmond Stats To Know: Here’s some insight into market activity and trends in 2023 –
Nov 2023 OKC Homes Sold: 414Average Sales Price: $224,450Average Days on Market: 16
Dec 2023 Homes OKC Sold: 421Average Sales Price: $243,000Average Days on Market: 21
Nov 2023 Edmond Homes Sold: 231Average Sales Price: $330,995Average Days on Market: 23
Dec 2023 Edmond Homes Sold: 225Average Sales Price: $355,000Average Days on Market: 26
Next Year’s Predictions: With increasing loan limits and many experts predicting a decline in mortgage rates, more buyers could be encouraged to make a move. At the same time, this could lead to more competition in the market for buyers. There are also predictions that home prices will rise around 3-4% nationally. And thanks to years of rising home values, many sellers could benefit from increased equity. We’ll also likely continue to see a reduced inventory of homes for sale.
What I’m Seeing in our Market: Many expert real estate predictions are based on large geographic areas and overall trends. However, real estate is local and can be personal as well — especially when considering your own real estate journey. There will continue to be people who have the goal of homeownership or need to make a move. That’s why real estate will continue to sell in our local market!
Your Guide to Today’s & Tomorrow’s Market. If you have any market questions, that’s what I’m here for! Reply to this email or reach out anytime so we can chat real estate and how the market might impact your decisions.
{Market Report is according to our local MLS, OKCMAR}