While real estate agents at the national level remain cautious about the coming year, Edmond-area agents hope to buck the trend by keeping the market moving in 2009.
Ryan Hukill, an agent with Paradigm AdvantEdge Real Estate, said he believes Edmond has been spared the full effects of a nationwide economic downturn.
"I think what we have seen here recently is a minor ... correction, which obviously needed to be made,” he said. "I think that was caused more by consumers’ concerns over the economy right now than by the actual economy.”
Gordon Wynn, an agent with Keller Williams Realty, agreed.
"I think Edmond is a little bit sheltered from even Oklahoma City too. We haven’t even suffered that much, but business has been a tiny bit slower than normal,” he said.
According to the Edmond Economic Development Business Barometer, the number of homes sold in November 2008 was down from the same month in 2007 — 164 compared with 260. Total home sales volume was $32,602,447 in November 2008. The average price of homes increased this year to $241,478 in November, versus $220,647 for the same month in 2007.