Getting the Idea!

Despite all the negative national news stories about the economy and the housing market, it seems consumers in this area are beginning to realize our real estate market is quite different from those reports. The Oklahoma Association of Realtors and the Greater Tulsa Association of Realtors have combined efforts in a campaign to get residents the true facts about our local real estate economy. Apparently, the message is getting through to people in the Tulsa metro area.
For example, through March many of the home sales numbers were comparable to the first quarter of 2007 while the number of closed sales is down approximately 12%, both the average and median sales prices for the year are up from the year before. More significantly the average price per square foot for SOLD homes is up 3.22%. Now, while not every home has increased in value, the numbers indicate buyers are willing to pay more for homes in this area than they were a year ago. In addition, our local economy remains healthy and interest rates are extremely low.
Hopefully, if you are interested in selling and/or buying a home, you know this is a good time to do so in this part of Oklahoma.

NOTE: Statistics compiled from NORES, INC (MLS) data. Deemed reliable but not guaranteed.

For more information contact me at slaunchbaugh@cbtulsa.com