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Why Oklahoma City housing inventory will increase

By
Real Estate Agent with The Virtual Real Estate Team 104556

http://virtualrealestateteam.com. The Oklahoma City homes for sale in march is at an extremely low number. It seems every month this year has shown an average of a 7% decrease in available Oklahoma City properties, but Spring is coming that is the listing for sale season, and with rates rising the refinancing phase is mostly over. We don't expect inventory to rise by a large margin but some normalcy will be restored as homeowners opt to buy new rather than add on or just reduce payments. The expectation is that in the suburban markets and in popular price ranges, the absorption rate will go back up from one month supply to about 3 months supply. Oklahoma City real estate is still a sellers market and our economy remains strong. For help in buying or selling please contact me so that a team member can help you at joe@joepryor.com.

Comments (1)

Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Joe - Great information about what's happening in the Oklahoma City real estate market. 

Apr 01, 2014 09:48 AM