Oklahoma Real Estate Market Update

I am sure that you, like I, have read numerous articles on the death of the home market. It is true that in certain states such as California, Arizona, Nevade, and Florida that home sales have been down both in number of homes sold and the price of the sale. All states are not the same however.

This morning I read an interesting article in The Tulsa World newspaper by Al Unser, CEO of Greater Tulsa Association of Realtors. Yes, he is associated with the industry, but who knows better than someone in the business the state of the business. You need to go to tulsaworld.com and read his article on April 24, 2008 in the business section, page 24.

The author points out you would not listen to the weather forecast on the east coast to know the weather in the midwest nor should you look at the housing forecast on either coast to know the market in the midwest and in particular, Oklahoma. Tulsa home sales prices were up 5.2% in 2007.

The economy in Oklahoma is good and unemployment at almost all time lows. You can buy a home in Oklahoma and feel assured that it’s value will hold steady to increase. Oklahoma homes did not go up 20 or 30% a year in the past and thus do not have to adjust from the over inflated markets like some areas are doing now. Any market that goes straight up, must adjust at some point. It is also true that a steady paced up trend is much easier to maintain.

Give Oklahoma credit where credit is due. You may purchase that retirement home, full time home, lakefront home, golf course home and rest assured that your value will be there next year and five or ten years from now.

A great place to retire or enjoy that second home is Grove, Oklahoma on the shores of beautiful Grand Lake in Northeast Oklahoma. Grove real estate and Grand Lake real estate listings offer something for every price range and taste. We have retirees coming here from each coast to live a nice quiet life with city ammentities in a country setting. The lake is wonderful to enjoy sailing, fishing, or boating. The golf is great nearly year round with our moderate climate. Give it some thought if you would like to settle somewhere new. You will not be disappointed.

Contact Aaron Hughes at 918 801-5645 or Joe Neill at 918 640-3300 for more information. We are the Grand Lake Team at RE/MAX Grand Lake in Grove and Monkey Island. Follow the link below to our featured listings and MLS search.