The national media would have North Central Oklahomans believe that the real estate market is about to crash. "Foreclosures are up!", "Prices are down!". Don't believe it! History has shown that in the Ponca City area, real estate appreciates about 2% - 4% every year. At this modest rate, how can the market crash? In fact, the number of transactions in 2007 are very close to the number of transactions 2006. In addition, the average price of a home sold in North Central Oklahoma is on the rise. The national media is generally referring to those states, or regions, where they experienced a rapid appreciation rate of 10%, 15%, and sometimes 25% per year. Not North Central Oklahoma. Tune out the hype! Ponca City Real Estate is doing Great!
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My mission is to inform,anyone who is interested, about the Real Estate market and the economic happenings in Ponca City and North Central Oklahoma.