Out and About Yukon and OKC : November 2016

MUSTANG REAL ESTATE MARKET REPORT OCTOBER 2016

MUSTANG REAL ESTATE MARKET REPORT OCTOBER 2016
MUSTANG OK 73064
AS OF NOVEMBER 6 , 2016

Mustang Community Center Mustang OK
Mustang Community Center Mustang OK

INFO THAT HITS US WHERE WE LIVE ... We were certainly traveling on happy trails last week following two upward trending housing market reports. New Home Sales in September went up 3.1%, just shy of a 600,000 unit annual rate. Compared to a year ago, sales are up 29.8%. If that doesn't make you happy, consider this. After experiencing a summer lull in August, new home sales in September posted their fastest sales pace since 2008, excluding July's excellent numbers. The biggest obstacle to higher sales remains low inventories. As those slid in September, it shows builders are falling behind demand, so there's lots of room to increase construction activity.

The other happy housing report? The Pending Home Sales index of contracts signed on existing homes was up 1.5% in September following its August dip. Combining readings from recent months indicates existing home sales in coming months should continue the gains made in September. The index is 2.4% ahead of September last year, its 25th month in a row of year-over-year increases.


  • The average property in Mustang has been on the market for about 124 days
  • The median price per square foot for homes in Mustang is about $116
  • There are about 161 properties on the market in Mustang
  • The median single family home price for Mustang, OK is $240,346
  • With a Market Action Index as of September 30, 2016 at 29.30 (MAI Index - over 30 indicates Sellers Market; below 30 Buyers Market)

MUSTANG REAL ESTATE MARKET REPORT OCTOBER 2016

MUSTANG REAL ESTATE MARKET REPORT OCTOBER 2016 MUSTANG REAL ESTATE MARKET REPORT OCTOBER 2016


QuestionSo there you have it, my Dear Reader, Mustang Real Estate Market Report October 2016.
Did you notice that the price per square foot has been staying about the same? The cost of building materials goes up but sales are slower, affecting the stats.
Also, we are leaning toward buyer's market this fall, which is reflected in MAI Index.

Are you ready to make a move? Be happy to assist you, your family & friends with home search or sale.

Looking forward to hearing from you!

XOXO

Bo Sig


 

About the Author:

The above information was provided by Bo Kociuba a long time resident of Canadian County, Ok. As Broker’s Associate Bo helps people sell & buy homes in OKC Metro. She works together with her partner, Buster Elliott. They Live & Love OKC! .Bo and Buster are multi-million producers with over 50 years combined real estate experience. 

Bo loves photography and is an avid supporter of shooting sports. 

Bo@BestOklahomaHomes.com |405-812-1572.

We serve OKC Metro Areas: Yukon, Mustang, Bethany, Piedmont, Tuttle, Blanchard, Edmond, Oklahoma City and Moore.

We specialize in Residential & Commercial Real Estate, Ranches & Recreational Land.

Join our newsletter: Live&LoveOKC!

 

 

 

  

 

Comment balloon 1 commentBo Kociuba & Buster Elliott • November 15 2016 06:45AM
MUSTANG REAL ESTATE MARKET REPORT OCTOBER 2016
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MUSTANG REAL ESTATE MARKET REPORT OCTOBER 2016 MUSTANG OK 73064AS OF NOVEMBER 6 , 2016 Mustang Community Center Mustang OK INFO THAT HITS US WHERE WE LIVE .. We were certainly traveling on happy trails last week following two upward… more
YUKON REAL ESTATE MARKET REPORT OCTOBER 2016
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YUKON REAL ESTATE MARKET REPORT OCTOBER 2016 YUKON OK 73099 AS OF NOVEMBER 6, 2016 INFO THAT HITS US WHERE WE LIVE .. We were certainly traveling on happy trails last week following two upward trending housing market reports. New Home Sales in… more