Edmond, Oklahoma, Housing Market (Zillow Charts)

[Phil N.]

The Oklahoma City area seems to be booming, and the suburb of Edmond is definitely part of that. However, when I look at the charts on Zillow, Trulia, they say that home prices dropped quite a bit over the last 3 years and are now rebounding. That doesn't seem to match the reality around me, but I haven't looked at reliable numbers. I know you can't make major decisions based on those Zillow, Trulia charts, but are they completely worthless, or only partially worthless? Where can I get some better numbers on average home prices, etc.?  

[Levi Ballard]

From my perspective, Edmond seemed to suffer more than others from the falling oil prices in 2015. I have homes in both OKC and Edmond, and our Edmond property values and rent prices dropped or stagnated more so than Oklahoma City. So the charts might not be completely worthless. They probably do accurately reflect the price conditions.