4th Quarter 2008 Oklahoma Real Estate Market Report

In Oklahoma, the total number of sales is down 18.2% but the average cost of a home has increased by 2%. Check out these statistics from www.OklahomaREALTORS.com :

The average cost of a home in Oklahoma has increased by 2 percent compared to the fourth quarter of 2007. In the fourth quarter of 2008 the average cost of a home sold was $146,015 compared to $142,960 in the fourth quarter of 2007. Statewide, 9,420 homes were sold in the fourth quarter of 2008. This is 18.2 percent less than the number of homes sold in the fourth quarter of 2007 in which 11,518 homes were sold in the state.

The Oklahoma Association of REALTORS® reports residential sales activity from multiple listing services
across Oklahoma using information provided from local boards and associations.

Visit the Good Thing You're in Oklahoma Web site for more on Oklahoma statistics and information about OAR's "Good Thing You're in Oklahoma" campaign.

Visit my website at www.MovingUpInEdmond.com for your one-stop resource to buy or sell a home.