OKC Home Buyers Update

I’ve been saying it for a while, and the proof’s in the pudding… June was a HUGE month in Oklahoma City metro real estate.  Believe it or not, we closed more homes June of 2009 than we did in June of 2008, and the median home price is even with last year, in a time when the majority of metro areas nationwide are experiencing falling values and plummeting sales.

Also notable, our absorption rate (inventory level by months) is way down over last month and last June.  What does that mean?  This ‘buyer’s market’ could quickly shift back to the advantage of the sellers, so don’t wait around for things to get better if you’re looking to buy.

Another thing for the home buyers to pay attention to is that interest rate statistic.  While rates are still down 0.16% over this time last year, they’re up 0.20% just from last month.

Related Posts Plugin for WordPress, Blogger...
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.