Due to busy-ness, it’s been a while since I posted up the monthly statistics covering the OKC metro area, and this morning I met a young lady asking about the stability of our local market, so here we go:

While overall volume of homes sold in comparison to this time last year is down, you can see that our homes are still appreciating, and we are climbing out of the slight slowdown. Volume is up over last month, rates are down, and absorption rate is coming back down to normal.  Basically, the tightened mortgage requirements have caused fewer sales, but every other indicator is very positive, and we should begin to see the mortgage guidelines loosen back up over the next few months.

So, the million dollar question; Is now a good time to buy in OKC/Edmond? You know what my answer will be.  Look at these figures and decide what YOU are comfortable with.

**Based on information provided to and compiled by MLSGateway.com, Inc. covering a period (5/1/07) through (5/31/08).  MLSGateway.com, Inc. does not guarantee or is in any way responsible for its accuracy.

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