Oklahoma City’s Real Estate Market Tilts in Favor of Sellers

Oklahoma Real EstateLocal housing inventory has dropped to a level not seen for five years — since before the credit crash and recession — which is giving home sellers an edge.

Realtors in the Oklahoma City area handled the sale of 1,442 homes in September. Sales plummeted 25 percent compared with the month before, reflecting the typical post-summer slowdown, but sales were up 2.1 percent compared with September a year ago.

However, the number of homes listed for sale considered against the average sales pace told the tale of the market heading into the fourth quarter: The Metro Association of Realtors ended September with 7,537 homes on the Multiple Listing Service, a decrease of more than 1,000 compared with September 2011.

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Authored By Richard Mize – See the Full Story at NewsOK.com

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