The Tulsa, OK metro area housing supply has continued to increase. This graph represents the increase in month's supply of inventory. Although recent reports have claimed the Tulsa, Oklahoma real estate market has hit bottom, the increase in supply indicates the bottom has not yet been reached. Tom Allen, a local appraiser, says "When the month's supply is over ten months, prices drop." Darryl Baskin of McGraw Realtors and host of the television and radio programs "The Future of Real Estate," says "This increase in inventory has less to do with the growing supply and more to do with a slowdown in sales. People just haven't felt confident about making a home purchase. Others have had financial changes which keep them from qualifying. Recent elections may help ease consumer's apprehension." However you view the real estate market, Tulsa area home buyers and sellers should know the facts before entering into a contract to sell or buy a home. For additional information, contact the Baskin Real Estate Specialists of McGraw Realotrs at 918-258-2600 or visit www.darrylbaskin.com.
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