Edmond Area Council - April 2026
Summary & Key Highlights
April 22, 2026
Speakers:
Shanna Garrett, President, Edmond Board of REALTORS
Stephanie Carter, CEO, Edmond Board of REALTORS
Brian Preston, RE/MAX
Overview
The Edmond Area Council meeting featured a market update from Shanna Garrett, Stephanie Carter, and Brian Preston, who provided insight into current housing trends, affordability challenges, and overall market conditions in Edmond.
The discussion focused on how today’s market is impacting both new construction and resale activity, along with emerging challenges such as insurance costs and buyer behavior.
Market Conditions
The Edmond housing market began the year on uneven footing, with a slow start followed by a strong rebound in March. Sales increased 13.2 percent year over year in March after declines in the first two months, while pending contracts remain at a four year high.
- March sales up 13.2 percent year over year
• Pending contracts at a four year high
• Early year slowdown followed by recovery
Key takeaway. Demand remains present, but closings are less consistent and more sensitive to current market conditions.
Sales Trends and Pricing
While total transaction volume has declined significantly from peak years, home prices have continued to rise. The average sales price in Edmond is now around 458,000, and total market volume remains near historic highs.
- Overall sales volume down roughly 30 percent from peak
• Average home price approximately 458,000
• Market remains strong in total dollar volume
Key takeaway. The market is seeing fewer transactions but sustained pricing due to limited supply.
Inventory and Supply
Inventory remains below historical norms and continues to drive market stability. Current levels are around 1,100 homes, compared to a typical pre-2020 range of 1,400 to 1,500 homes.
- Inventory still below normal levels
• Significant improvement from 2022 lows, but not fully recovered
Key takeaway. Limited inventory is preventing price declines and keeping the market stable.
New Construction Trends
New construction has remained relatively stable compared to the broader market. Activity levels are in line with historical norms, and higher price point homes continue to perform well.
- Approximately 400 active new homes on the market
• Stronger performance than 2018 and 2019
• Growth in higher end home sales
Key takeaway. New construction is holding steady, with strength in higher price segments.
Affordability and Insurance Pressures
Affordability continues to be a major challenge, driven by higher interest rates and increasing monthly costs. Insurance is also emerging as a growing issue, particularly in East Edmond.
- Higher rates impacting buyer qualification
• Insurance costs causing some deals to fall through
• Efforts underway to improve ISO ratings and reduce premiums
Key takeaway. Affordability is being further impacted by rising insurance costs and overall monthly payment pressures.
Buyer Trends
Buyer demand remains active, including relocation from out of state, but overall movement is limited by current conditions.
- Continued relocation activity from states like California and Texas
• Many homeowners staying put due to low interest rates
• Buyers more cautious and payment focused
Key takeaway. Demand exists, but market movement is constrained by rate lock and affordability concerns.
Edmond Development Advisory Forum
Members were encouraged to attend the upcoming Developers Advisory Forum hosted by the City of Edmond on May 5th at City Hall.
- Opportunity to provide feedback on development processes
• Discussion will include upcoming code changes
Key takeaway. This is an important opportunity to engage directly with the City and influence future development policy.
Bottom Line
The Edmond housing market remains stable but constrained. Demand is still present, inventory remains limited, and pricing continues to hold. However, affordability challenges, interest rates, and insurance costs are creating headwinds that are impacting both buyers and overall market activity.