August home sales for the Duncan area markets are slightly down from July. But it's nothing to indicate an adverse market condition. Yes, the sales for 2021 were higher, but it's reflective of a high market. What we may be getting ready to experience is the adjustment to what is typical for our market. Hold steady if your house is on the market and you are experiencing little activity! Typically, we see the fall season increase in sales. However, this being an election year and higher interest rates, it might be slightly slower this fall. We don't see it as an adverse situation, just an adjustment to what is normal for the Duncan, Marlow, and Comanche real estate market.
The following information has been taken from the multi-list system of the Duncan Association of REALTORS (DAR). These are sales made by the REALTOR membership. The areas include Duncan, Marlow, and the surrounding communities.
Fifty-four homes are recorded as sold in August 2022. Sixty-six homes were recorded in August of 2021. This is the breakdown of these numbers:
Price Range 0 - $100,000 was 22 sales
The average price is $68,591
The median price is $77,300
The average days on the market was 58
Price Range $100,00 - $200,000 was 21 sales
The average price is $148,136
The median price is $149,900
The average days on the market was 97
Price Range $200,000 - $300,000 was 7 sales
The average price was $259,333
The median price was $271,500
The average days on the market was 64
Price range $300,000 - $600,000 was 6 sales
The average price was $472,500
The median price was $480,00
The average days on the market was 47
This information was collected on 9-6-2022. This report does not include land sales or local sales made by REALTORS who are not members of the Duncan Association of REALTORS. These numbers can change if August sales are posted after this report is published.
If you would like to know how much your home can sell for just reach out to one of our REALTORS. We can provide you with a current market analysis and if you are thinking about selling, we can provide you with a Home Selling Consultation. Our REALTORS would love to help you achieve your real estate needs and dreams.