2010 Was a Tough Year for Tulsa Real Estate

2010 was the worst year for Tulsa-area home sales in over a decade, as consumers still jittery about the economy put off buying new places to live. Then again, there have been much worse years for home sales, said John Woolman, president of McGraw Realtors. “It was worse in the ’80s,” he said. “People just didn’t want to do business in Oklahoma.”

In 2010, approximately 9,464 homes changed hands, a 15.6 percent drop from the year before, according to figures from the Greater Tulsa Association of Realtors.

Pete Galbraith, president of GTAR, said 2010 started out strong as buyers rushed to take advantage of homebuyer tax credits. “The first quarter of the year was very good,” he said.

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