YUKON REAL ESTATE MARKET REPORT DECEMBER 2016
YUKON OK 73099
AS OF JANUARY 22, 2017
INFO THAT HITS US WHERE WE LIVE ... To stay focused on the day is a pretty useful piece of advice, since that's where progress is made. Progress, however, seemed elusive in last week's Pending Home Sales number, which declined slightly in November. Yet this National Association of Realtors (NAR) index of contracts signed on existing homes was still a decent 2.7% ahead of where it was a year ago. Plus, we've now seen year-over-year gains in pending home sales for 15 months in a row. True, there's been a modestly slowing trend since the index peaked at a nine-year high last May, but the housing market remains constrained by tight inventory levels in many areas.
The end of the year saw investors playing it safe, shifting money into bonds, which bolstered prices. The 30YR FNMA 4.0% bond we watch finished the week up .28, at $105.84. National average fixed mortgage rates moved slightly ahead in Freddie Mac's Primary Mortgage Market Survey for the week ending December 31. Their chief economist feels this was due "...in part to strong consumer confidence in December." Remember, mortgage rates can be extremely volatile, so check with your mortgage professional for up to the minute information.
- There are about 681 properties on the market in Yukon
- The median price per square foot for homes in Yukon is about $113
- The average property in Yukon has been on the market for about 134 days
- With a Market Action Index at 27.01 (MAI Index - over 30 indicated Seller Market; below 30 Buyers Market)
- The median single family home price for Yukon, OK is $213,424
So there you have it, my Dear Reader, YUKON REAL ESTATE MARKET REPORT DECEMBER 2016.
Did you notice that the price per square foot moved up by $2.oo?
Also, we are in the buyer's market, which is reflected in MAI Index. Also the interest rates are on the upswing ... check below the rates:
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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.
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