Tulsa Home Sales Up Compared to Last Year

You read many stories today of real estate markets that have went dead compared to last year but that is simply not the case in Northeast Oklahoma. I don’t have the latest figures for the Grand Lake Multi-List area but the Tulsa, Oklahoma home sales report was reported in the Tulsa World on July 10, 2007. The article reports 1391 homes sold in May of this year compared to 1354 same month a year ago. Average price this year was $161,819 compared to $147,461 May of last year.

Pending contracts May this year were 1437 compared to 1345 same month a year ago. Homes on the market for sale were 5861 compared to 5923 last year in May.

I suspect the sales and prices for our Grand Lake and the communities of Grove, Monkey Island, Ketchum, Langley, or Disney multi-list would reflect a similiar sales trend and market when we see the figures as the averages in Tulsa, Oklahoma.

The figures show that the real estate market in Northeast Oklahoma is alive and well. The numbers show a healthy market with prices slightly higher than last year.

If you have been thinking of buying a home to retire to, a second home on the lake, or investment property now is a good time to look. We have several nice listings in our listings and the multi-list to choose from. Check out the listings for yourself at my web site links below. Call Joe @ 918 640-3300 for information on the Grand Lake/Grove real estate market.