Friday, June 5, 2009

Tulsa Area Home Sales Rising

Tulsa area home sales rising Number of sales and prices both continued their upticks. -->
Source: Greater Tulsa Association of Realtors By ROBERT EVATT World Staff Writer

Tulsa area home sales improved for the third straight month in April, though the pace didn't quite match last year's. The 908 homes sold represented a 1.3 percent rise from March, but the level was 8.9 percent below April 2008, according to the Greater Tulsa Association of Realtors. Harriet Dunham, president of GTAR, said the performance shows that the metro market continues to strengthen. "Consumers are out looking, and we're starting to get busy," she said. Dunham said the boost was a combination of increased consumer confidence, the first-time home-buyer tax credit and the typical springtime sales surge. Both the average and median sales prices climbed significantly for the month and year, with the median at $128,000 and the average hitting $151,876. Gloria Allred, president of Northeast Oklahoma Real Estate Services — the multiple-listing service that compiles local home sales data — said the rise in home prices is due to improvement in the upper price ranges after months of relative softness. "People are coming out to buy, and we're seeing an increase in people wanting to trade up houses," she said. Dunham said pending contracts have held mostly steady, which is a possible indication of strong May sales.

Chinowth & Cohen Realtors
(918) 361-3404

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