Watching television or reading the national newspapers, you would think the local real estate market has been in a total meltdown for the past year. Not so in Edmond. While home prices are down ever so slightly, the Edmond market is holding up well despite an increase in foreclosures in Oklahoma. According my fellow RE/MAX Realtor Brian Preston, who produces the Edmond Market Report each month, the average home sale price in Edmond was $244,275 for July, compared to $225,577 in January. New home prices were down just a bit, from $255K in January to $254K in July. Total sales have doubled since January, which is not unusual for the summer months.

This article also says Oklahoma home foreclosers are holding steady at a time when other regions of the country are increasing.

While it is clear the Edmond marketplace is a buyer's market, it is still a good market for sellers. Prices are holding steady, yet buyers have a lot of homes on the market to choose from. This means sellers must make sure their homes stand out with proper upkeep, maintenance, and decor, yet they don't have to take a huge loss just to sell their home. So whether you are a buyer or seller in Edmond, it is a good time in a troubled market.