Oklahoma Avoids Housing Slump

Thursday, February 15th 2007, 11:56 am
By: News On 6

WASHINGTON (AP) -- The slump in the housing market increased nationwide during the final three months of 2006 but Oklahoma seems to be avoiding the trend.

While housing sales fell in 40 states and the median home prices also declined the sales of homes in the Sooner state increased.

The National Association of Realtors says home sales statewide increased from 104,600 at the end of 2005 to 106,000 for the final quarter of 2006.

The median price of an existing single-family home in Oklahoma City was $123,700 and in Tulsa the median was $128,500. Both prices are an increase of 7.1 percent from the final three months of 2005.

For information about the housing market in Oklahoma and nationwide, go to www.realtor.org.