CHOCTAW REAL ESTATE MARKET
EXCITING is the word for what is happening in the real estate market in our greater Choctaw – eastern Oklahoma real estate market. Just since June 1st we have had 99 homes go from Active / Available to Pending / Under Contract! The number of listings that have gone from Pending / Under Contract to Sold / Closed is 10!
Many of the listings that have moved from Active / Available status to Pending / Available were on the market less than 14 days!! This means that there are a great deal of credit worthy buyers out looking for homes!!
The vacant land market is showing improvement also. Since June 1st ten tracts of land ranging in size from 1.27 acres to 158 acres have moved from Active / Available status to Pending / Under Contract. Since June 1sr Pending / Under Contract listings ranging in size from 5 acres to 40 acres have Sold / Closed.
With interest rates still at historic lows now is the perfect time for buyers to go out and find a home. Seller’s can also feel confident that they can ready their homes for sale and take on the task of having their homes on the market with greater opportunity that their efforts will be rewarded with a qualified buyer writing on their home within the current average days on market of 74 days!!