All Forum Posts by: Jeffrey Wong

Thank you! I agree with what Micheal said about appreciation. I see many homes built 5-6 years ago were sold only slightly above the original purchase price. There was almost no appreciation looking at this time span, not even close to inflation rate. It just felt crazy considering the number of new houses being build now. A single zip code like 73012 has 83 new constructions listed, and 394 including all.

Jon, I was also told by some agent that certain homes get sold very quickly with multiple offers. Theres are usually at the price less than 150k. 

Hi folks, this is my first post in BP. I have been browsing the forum for a while. I'm considering buying a rental property in Edmond. My strategy is buy and hold for long term. It appears to me Edmond has a loooot of homes on the market - over 1k listings. This seems extremely high to me when compared to other markets. Is this a norm in Edmond, or is there something happening in the market driven by other forces going on right now? Appreciate your inputs!