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:
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.