Local Economy on the Rebound?

I stumbled across an interesting article from CNNMoney.com this morning, which outlines what some believe to be the 3 signs the economy is rebounding.

I can’t speak to the first and third points in the article, but I thought this would be a good time to brag (again) about what’s happening locally and tie it into their second bullet point.  In regards to housing supply, the article states:

Slowly improving. At the end of March there was less than a 10-month supply, down from 11 months in the fall.

However, the Oklahoma City Metro market shows a very different picture, as evidenced by this chart:

Absorption Chart May 2009

As you can see, not only is our housing inventory decreasing, it’s actually almost back to where it was before our local market began really feeling the effects of the downward national real estate trends.

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Ryan Hukill About Ryan Hukill

I'm the founder and creative Firestarter behind the ShowMeOKC Team. I love this great city and all that's going on here, and really love showing it off and helping to break the age-old stereotypes.

I married up, am Dad to 5, friend to many, motorcycle-junkie, traveler, camper, jeeper, OU & OKC Thunder fanatic, and love a great steak, a great cup of coffee, and great techie things.