Monday, July 09, 2007

Tulsa’s Current Market Activity

Tulsa's real estate market is doing well – stable - unlike the rest of the country. We did not enjoy the rocketing prices but aren't suffering the plummeting fall either. For your own protection, in case you have real estate investments, be aware that residential plats were very high last year and that indicates a scenario for potential overbuilding. That hasn't happened (and may not) but the lots are there and the potential exists. My commercial real estate department is unbelievably busy. I would expect a cycle to show a normal downturn after the numbers of current and proposed projects are completed.

No comments: