The Duncan Banner

April 26, 2013

Area home sale values up; actual number of homes sold down

Rebeka Miller
The Duncan Banner


Realtors in the area are steadily getting busier as the warm summer season approaches with more listings and sales.
May is National Moving Month and an estimated 40 million Americans will be preparing to change their address. Grant Perkins, with Perkins Realty and also president of Duncan Area Association of Realtors, said he expects to continue to see an incline of sales in the county.
“Spring and summer is a busy time for real estate because once the kids are out of school, it’s a bit easier to move,” he said. “I’m really impressed with this year’s upward trend.”
Just last weekend was Nationwide Open House Weekend and several of the realtors participated. Kay’s Real Estate in Duncan had a few homes open to the public for the occasion.
“I think the public enjoyed it and it went really well,” said Sheryl Spradling, owner. “I haven’t determined if anyone got a new client out of it or not yet.”
Though several other areas in the nations had a couple of years of struggle, the Southwestern Oklahoma region stayed fairly steady, a factor Perkins said in 2013 starting out on the right foot. 
Despite numbers through the end of March not reflecting the upward trend Perkins speaks of, he believes with the added sales in April have bumped up current figures.
“Both sales and listings have increased from last year,” he said. “Also, the interest rate has stayed low, which keeps people buying and selling homes.”
Closed unit sales January to March 2013 is 96 compared to 2012’s 106, which is a 9.43 percent decrease. However, average sales price is up this year 1.25 percent to $80,500 from 79,500 last year.
“Fair market value depends on the home but the market value of homes overall have increased again,” Perkins said. 
“A lot of it is that this area was able to stay stable due to Duncan being such an oil driven market, where the oil and gas companies have kept their prices where they need to be and employment has stayed steady.”
Realtors plan to stay busy in the coming months, however, they do throw a little play into all the work. The annual golf tournament will be this summer and the flower auction luncheon is May 8.
“We have these meetings and functions to raise money for scholarships and different organizations,” Perkins said. “We’re looking forward to those.”