This week the Tulsa World newspaper reported sales for the Tulsa MLS. The report showed:

                                                     Sept 09              Sept 08              Aug 08

Months Inventory on Hand                5.2                      6.5                      5.1

Pending Contracts                           1119                    973                     1178

Closings                                         1057                   1059                    971

Yr to Date                                       8299                   9093                    7242

Avg Sales Price                               $147,202            $153,353              $152,547

The report would lead one to think that maybe more first time buyer homes dropped the average price. It does report very favorable numbers compared to last year and would lead one to believe that Oklahoma will not see a housing slump in a major way nor a price drop.

The Grand Lake, NE Oklahoma MLS numbers I do not have up to date but our market is similiar to Tulsa market. We have seen some pickup in interest in the last 2-3 weeks in both residential homes and waterfront homes.

My take on Grand Lake real estate market is now is the time to buy if you are thinking of buying in the next year. Inventory of new homes is dwindling and in a normal year the fall is the best time of year to buy a home. Many sellers do not want to carry their property over to the spring seasonal market and you might just get a deal now.

For waterfront homes, lakeview homes, residential home, golf course home, or that waterfront building lot, or other real estate in the Grove/Grand Lake area call The Grand Lake Team at RE/MAX Grand Lake in Grove, OK. For Aaron Hughes call 918 801-5645 or aaronhughes@remax.net and for Joe Neill call 918 640-3300 or jneill@remax.net

We are here to find you the right place for your needs and desires. Now is the time for a deal at Grand Lake, don’t delay, call today.