Home Value, Housing Market, Real Estate
Tulsa Home Values Have Held Up
November 6, 2008 by Jim Bigelow · Leave a Comment
The Tulsa housing market has calmed down a little and is pretty much back to normal. Listing inventory processed for the month of July 2008 decreased from a year ago 7%, and is down year-to-date -.9%. The number of homes for sale on the last day of the month increased 6.4% from the same time last year. “We are seeing now exactly what we expected and predicted” stated Doug Horton, president of the Northeast Oklahoma Real Estate Services. Residential closings for the month continued to trail 2007 by only -4.5%.
It’s very important for Oklahomans to understand that our home values have held up, and even increased, over the past year. We are now one of the best real estate markets in the country, and are consistently in the top 10 in home value appreciation. Horton predicts that our worst time is over.
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