New Homes Directory Home Buyer Blog

 

August 12 2009

Homes for Sale - Oklahoma City Market Conditions July 2009

by brook

An article published less than one day ago in USA Today, titled “Oklahoma City Defies Recession,” is bound to spike interest in one of America’s most resilient cities. While the piece primarily cites labor statistics to support the claim, it makes mention of the market conditions in Oklahoma City as well. Pointing to the area's median housing price of $129,900 (source: National Association of Realtors), the paper reported that this is a 4% increase from the median one year ago; and a stark contrast to the national median, down 14% during that time. The article’s proclamation that Oklahoma City “escaped the real estate bubble” is a bold one – but because the numbers don’t lie, it appears that their claim may carry some weight.

According to HousingTracker.net, there is a current inventory of 10,314 single family homes, condos, and townhomes in Oklahoma City. With high availability and excellent price points, it seems that properties in Oklahoma City are an exciting prospect.

 

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