Market Conditions in Tulsa>Question Details

Rodolfo Sosa, Other/Just Looking in Tulsa, OK

Considering house sales coming down, how do you see the Tulsa market within the first months of 2009 ?

Asked by Rodolfo Sosa, Tulsa, OK Thu Nov 13, 2008

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Mr. Sosa,

Great question! Our Tulsa area market remains relatively strong. Our home values are actually up and not decreasing. The number of houses sold is down, mostly due to the media coverage about the nationwide housing news. To answer your question about 2009, I look forward that consumers will build confidence again and this will result in people looking at and buying more homes. It is a slow market as far as time on the market goes for home sellers, but at least we haven't taken a value hit like some of the areas on the East & West coasts. I would love to speak to you about selling or buying. Please feel free to call or email me with any questions or concerns about our real estate market. There is never any obligation to contact me. You can find out what your home is worth on my website. There are other helpful & free real estate reports & tips on my website. Please visit me at http://www.KevinOBrian.com

Thanks,
Kevin O'Brian
Coldwell Banker Select
918-230-7041
kobrian@cbtulsa.com
Web Reference: http://www.KevinOBrian.com
0 votes Thank Flag Link Fri Nov 14, 2008
Yes, sales are down and inventory is slightly up. But overall, prices are up . Are there deals out there? Yes there are! But at the current local rate of unemployment which is comparatively low we should be fine. We just don't have the huge economic swings that are common in other locals. I am excited about 2009 and very optistimic. Will we have to work harder to sell homes? Yes we will. Buyers will benefit with low interest rates, ample inventory, and seller incentives. Currently there is a $7,500.00 tax credit available for first time home buyers. That's free money! It's a great time to buy a home. This is not our first "recession" and those of us that have been around a while will thrive. Sellers who seek out and find professional consul will maximize their dollars by being better prepared and marketing smarter. It will be more competitive. However,that's a good thing for the full time professional real estate associate, and for buyers and sellers.
0 votes Thank Flag Link Thu Nov 13, 2008
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