YTD Market Report - October 2007

The market has kept pace with last year through September but showed a minor slowdown through October for residential single-family homes. Listings for the year are up by 579 which gives buyer a few more choices for homes in the Tulsa, OK area but out of a total of 23,762 listings processed for the year, this is not really notable for Oklahoma home buyers in the Tulsa area.

Closed sales are down by 218 but again, with a total of 12, 357, the percentage is small. My personal concern is that the combined small percentages can have an impact if they continue.

My kudos to the Greater Tulsa Association of Realtors who have begun a campaign to educate the public on the strength of the Tulsa, Oklahoma housing market. Much of the challenge to Tulsa, OK Realtors has been combating the national media's portrayal that the no real estate will sell anywhere in the country and everything has decreased in value by 50%. The fact is the Tulsa metro area home sales have increased an average of $8,435 through October.

Shop homes for sale in Tulsa, OK

Darryl Baskin is the Managing Broker for McGraw Realtor's office at 308 N. Aspen Ave. in Broken Arrow, OK 918-258-2600

Good Thing You're in Tulsa

The Greater Tulsa Association of Realtors recently began a campaign to make the public aware of the inaccuracies of the national news media in regards to the Tulsa real estate market. The campaign will focus on the stability of Tulsa real estate, the fact that there was no bubble here to burst and that home sales have remained at a steady pace. The average homeowner in Tulsa, OK can expect a 3-5% growth rate in their property value.

Thinking about selling? Find out what your property is worth.

Darryl Baskin is a Tulsa, OK real estate broker for McGraw Realtors. 918-258-2600 or 800-942-9312