Oklahoma Real Estate Activity has been on the increase.  There are several indicators that cause me to say this.  One indication is the help wanted adds in Craigs List for framers and general home building labor.  I know builders that have been busy, and electricians that have been hard at work. The economy is picking up, while interest rates remain low along with gas prices.  Maps 3 is underway and there are streets, bridges, and interstates being built and repaired all over the place.  There are new businesses going up every day and the wheels keep on rolling.

I have seen some really great deals on Oklahoma Real Estate for developers and investors.  In Canadian County there were 167 residential sales in March 2010 compared with 94 sales in March 2009 with a median price increase from $65,750 to $145,000.  Grady County also shows an increase in sales as well as higher median prices.  Although other counties may have a slight decline in March, the median price seems to have consistently increased for the most part.  Trulia Stats for Oklahoma City show the median price spiking through the roof, with the number of sales going down.

Oklahoma City median sales prices
I think a lot of the upswing was due to the Federal Housing Tax Credit that first time buyers didn't want to pass up.  The Federal Housing Tax Credit also has been extended until 2011 for U.S. Military personnel that meets the requirements.
 It's a little like the evening news.  You can get excited about the positive stories or get upset about the negative ones. I choose to be positive about the past few years in real estate.  This so called economic crunch was the real deal, but it has forged the Oklahoma Housing Market into a stronger than ever industry.  The really good builders held out, while others were forced to sell to investors or even go under.  The home owners who were wanting to sell there homes have had to go the extra mile to get properties into really good shape for a competitive market.  Mortgage Companies, Inspectors, Title Companies, and Appraisers were heavily scrutinized into being the very best they can be.
With all that said, I see a stable Oklahoma housing market.  It comes down to the basic saying of Realtors. "Location, location, location".  It's still about finding an affordable home where you want to live.

Contact us to find out more about your location, or a location you want to live in.

Rick and Nancy

Dreams Do Come True