Above the Roar!

Even while the national media continues to bombard us with lots of bad news related to the national economy and the housing market, more local stories appear describing the strength of the Tulsa metro area real estate market. On January 9, 2008, the Tulsa World featured an article which showed the change in median sales prices in 2007 versus 2006 in several cities and towns. Overall, the greater Tulsa median sales price rose 7.26% in 2007 over 2006. Most suburban towns showed increases ranging from 0.3% to 12.3%.
While the median price and percent change varied from town-to-town, and the increases do not mean that every home within a given community rose by a like amount, the report does seem to show the Tulsa area is not having price declines like those being experienced in some other parts of the country. In addition, interest rates in the 5 ¼% - 5 ¾% range and this region’s extremely affordable prices make it a great time to buy and/or sell a home in the greater Tulsa market. If you are thinking of making a move, don’t let the national news stories about real estate dissuade you. Call me for the facts about this market, and make a decision based on what is really happening in our area.

For more information contact me at slaunchbaugh@cbtulsa.com