Oklahoma City Metro August 2010 Real Estate Market Report

Sales were up by almost 10% in total units closed compared to last month, however, about 19% down from June 2010

At midyear, homes were selling a little faster than last summer — in 79 days on average in August, compared with 77 days in August 2009, according to the Oklahoma City Metro Association of Realtors

A sign of strength - average house price increased by 3% compared with August 2009

Source: OKC Metropolitan Assn of Realtors and National Assn of Realtors

Oklahoma City Metro July Real Estate Market Report

Active Listings – 9299 units (8670 units in July 2009 - increase of 6.8% and 9004 in June 2010)

Total Units Closed - 1138 (-33.3% compared to July 2009 and -27.3% to June 2010)

At midyear, homes were selling almost two workweeks faster than last summer — in 75 days on average in June, compared with 86 days in June 2009, according to the Oklahoma City Metro Association of Realtors.

Nonetheless, sales were off 6 percent in June compared with the year before and off 6.2 percent from May.

A sign of strength, however, was the average sale price of $160,570 was virtually flat with the average of $159,400 in June 2009, and the median price of $138,000 was a 2.2 percent increase over the year-ago median of $135,000.

On the building side of the market, construction has been rebounding from 2009 levels all year.