Oklahoma City, OK - Local Housing Data - Summary

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Oklahoma City, OK

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Oklahoma City, OK Local News

  • America's Fastest-Growing Cities: Affordable and Inland

    New York Times staffer Shaila Dewan reports that many Americans are gravitating toward places like Oklahoma City, having been pushed out of big coastal cities by the price of homes and a lack of easy credit.

  • 1Q14 Oklahoma City Housing Market Analysis

    The first-quarter analysis of the Oklahoma City housing market from Metrostudy data shows the market is still struggling with decreasing new and existing home closings, small rise in median new-home price, and a decline in the average household income for new-home buyers.

  • Oklahoma City, OK - March 2014 - New Home Closings Numbers Give Hints Market Decrease is Slowing

    New home sales fell in Oklahoma City, OK in March. Real Estate Owned (REO) closings as a percentage of existing home closings rose, climbing 0.8% percentage points. Average prices of new homes moved up, rising 4.8%. Foreclosures as a percentage of existing home closings dropped, falling 2.6%...

New Home Prices Gain, Sales Decrease in Oklahoma City - August 2014

Posted on: Aug 09, 2014 07:01:55 AM

In April, the Oklahoma City, OK market saw a fall year-over-year in new home closings, but there were hints of market improvement with a percentage fall less steep than in March 2014. Closings dropped 24.8% from a year earlier to 261. In comparison, new home closings in the same month last year saw a 29.8% decline year-over-year in March.

A total of 3,399 new homes were sold during the 12 months that ended in April, down from 3,485 for the year that ended in March.

New home closings represented 10.9% of overall housing closings. This is down from the 13.5% of closings a year earlier. Following a year-over-year decline in March, closings of new and existing homes also sank year-over-year in April.

Pricing and Mortgage Trends

The average price of new homes grew year-over-year in April to $235,233 per unit, a rise of 8.6%. This lift is better than the 6.6% rise in March year-over-year.

For newly sold homes, the average mortgage size rose year-over-year along with new home prices. In April 2014, there was a 4.3% lift in the average mortgage size, reaching $202,796. In March 2014, average mortgage size gained 3.4% from a year earlier.


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