Oklahoma is one of the few states in the nation that is not feeling a real (pun intended) real estate slow down. Oklahoma has experienced around 3% growth this year in average prices, compared to last. Why is Oklahoma doing fine, while the rest of the country is crashing? This could be a long blog, but it can be summed up in a couple of statements. First, Oklahoma has experienced moderate, steady growth over the past 20 years after the scandals of the 1980's, where as other places that are hurting now experienced hyperinflative price tendencies over the last decade that could not be naturally sustained. Secondly, Oklahoma's job market is strong..with oil, gas, and technology being the big three that are keeping are economy humming.
Have home sales slowed down in Oklahoma? Yes, compared to the record setting pace we were use to from 2004-2005. Looking at the big picture, though, we are doing just fine.
So, if you are sitting on the fence about buying a house, educate yourself with some hard facts on our market. The link below will help you. Have a great day!
http://whyrealtorswork.com/GoodThing/Index.html