Wednesday, February 01, 2006

Jenks housing glut?

I was recently searching the Jenks, Oklahoma housing market to find that over 57 properties were available in the price range of $300,000-$350,000. While having some difficulty selling a property in this price range, I searched to find out why. There are plenty of homes to choose from. While other areas of the market have what almost seems to be a shortage, there are plenty to purchase in this segment. Great for home buyers who want to negotiate because they have others to choose but not great for home sellers who are looking to capture the interest of home buyers. This is not likely to last long as the spring market tends to bring out buyers and drop the available inventory.

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