Are You Correctly Timing the Market to Sell?
Are you planning a move in 2015? Maybe you need more room for your kids - maybe you are tired of your neighbor living right on top of you - maybe you are tired of taking care of that big house and want something a little smaller. Whatever your motivation, the market needs to be considered.
Why Can't I Find a Home I Like?
Inventory levels in the Edmond market vary greatly by price range. Generally, a balanced market in real estate is considered to have 6 months of inventory on hand. After looking over the data, we can see that anything under $400,000 is leaning towards a seller's market. Generally, the lower the price, the higher the demand. Keep in mind that the average number of days on market for each price range below $400,000 is less than 70 days, and in some cases much lower.
|Price (up to)||ACT||PEND||CLOSD||Units Per Month||Inventory (Months)||AVG DOM|
So What Does This Mean for Me?
If you are thinking of selling your house and it is less than $400,000, then we have less competition. Just the opposite is true if your home is worth more than $400,000. Our marketing and pricing strategies will help you get the most out of your home. For an evaluation of your home, give us a call at 509-0541 for click on the "Contact Us" button on the top bar.
All data in this post is based off of the Edmond school district and MLS data - believed to be accurate but not guaranteed.