The housing market in Edmond continues to see strong price appreciation, with values up 17.3% compared to last year. The median home price of $388,440 represents a substantial 17.3% increase from this time last year. With 2.5 months of supply, Edmond's inventory levels remain relatively tight. Homes are now taking an average of 52 days to sell, significantly longer than the 25 days typical for this market. Only 14.3% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Edmond market with the affordability index at 22.4. Looking ahead, the Edmond market is expected to maintain its current trajectory with relatively stable conditions.
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