It’s a funny thing; usually by early August, home sales have slowed dramatically because the “Summer rush” is over and people’s thoughts are shifting from home-buying to back-to-school, the upcoming Holiday season, etc. This year, however, has been out of the ordinary.
This article from Fox Business makes some good points as to why selling in Fall & Winter isn’t as bad as some may have you believe, but what we’re experiencing here in the Oklahoma City metro has us agents gladly surprised. We haven’t seen much (if any) slow-down so far, as we rapidly move toward October and the latest metro real estate statistics uncovered a couple of very positive indicators:
- The number of homes closed in August was up almost 26% over the same month last year.
- The average home sales price was up slightly, but the median sales price was more than 5% better than last year, meaning that the higher-priced homes are selling better this year.
So, if you’re thinking of selling your home in the OKC metro and might be worried that you missed “the good time of year,” fret not. Things are still moving along nicely and our listings are selling so fast that we only have about half as many available as usual (and we’re not complaining).