Saturday, August 2, 2008

Good News...Housing is still OK in Oklahoma

Numbers don't lie, they say, but numbers can confuse, and Oklahomans seem confused by disturbing national housing statistics.

Despite consistently increasing home values -- from a statewide average sales price of $116,298 in 2002 to $149,758 in 2007 -- about half of Oklahomans surveyed said they thought the state's housing market was in fair or poor shape.

Oklahoma City is still known for its "healthy gains" in home prices in a monthly sales report from the National Association of Realtors. The steady stream of negative news from national news sources is drowning out the good news. Oklahoma is still going strong even though the days on the market are a little longer than last year. Not to worry, Oklahoma is still a great place to live!

Wyatt Poindexter
Keller Williams Realty