Market Statistics for Edmond Oklahoma | 11/03/09
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The median single family home price in Edmond this week is $258,000. The 1,373 homes have been on the market for an average of 163 days. Inventory has been lightening lately. Though days-on-market is increasing, there are mildly positive indications for the market.
Despite falling prices, the price per square foot has stayed reasonably flat. This implies that there’s a portion of the market being priced at a premium.
Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market.
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