How Is the Market? July-August Report for Yukon

How Is the Market? July-August Report for Yukon

According to the NAR (Nat’l Assoc of Realtors), the national median single-family, existing-home price exceeded $400,000—a 14.2% increase from a year ago.

Additionally, the monthly mortgage payment (with 20% down) jumped to $1,841.


YUKON housing market as of Wed Aug 17, 2022

This week the median list price for Yukon, OK 73099 is $340,000 with the market action index hovering around 39. This is less than last month’s market action index of 44. Inventory has increased to 337.

Yukon’s market has been cooling off in recent weeks, as more homes are available and demand is less. However, the market still shows a slight seller’s advantage.

How Is the Market? July-August Report for Yukon
How Is the Market? July-August Report for Yukon

What is the actual median home price increase in Yukon? It is 19%!
Look at the two charts below:
Aug 20, 2021 – $291,946
Aug 12, 2022 – $347,500

How Is the Market? July-August Report for Yukon

How Is the Market? July-August Report for Yukon
Sources: Altos Research & NAR article here

CONCLUSION:

It’s still a great time to sell! Yukon’s market shows more inventory available and the prices are still affordable. The recent dips in mortgage rates (and they are still historically low) should bring additional buyers to the market.



Best Oklahoma Homes, Bo Kociuba Realtor




Do you plan to sell your home?
Need to find your home value?
Do you know someone who wants to sell?
Please rich out. I’d welcome the opportunity to help you with pricing, marketing, photography, and getting house ready before putting it on the market. Let’s plan together your next best step.
Looking forward to hearing from you!

Best,


One thought on “How Is the Market? July-August Report for Yukon”

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