Oklahoma City, Oklahoma, continues to see a strong real estate market -- despite falling sales and prices in other areas of the country.
Since 2006, home values in the region have increased a healthy 3 to 6 percent -- something that may be keeping sales from dipping. One local expert reports, "Recent appreciation trends have been consistent with the 26 percent overall appreciation in the last five years."
First quarter figures indicate the average sales price to be near $144,000 at this time -- for 97 to 99 percent of the asking price. And homes are moving off the market quickly -- in under 4 months.
And with a strong economy -- both Dell and the military have announced job expansions -- the good real estate trends in OKC should be set to continue.
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