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Hop Off the Fence: Median Home Prices In Oklahoma City Metro are On The Rise

February 28, 2014

Home buying marketOver the past several years many people nationwide have been on the fence about making their new home purchases. While Oklahoma has been a fairly stable market, in some markets, the fluctuating home prices have put would-be homeowners on edge. Now as median home prices and interest rates edge up, it becomes more and more important to take control of your home purchases and move forward. In the past year the economy as well as consumer confidence have improved nationally. And our local market reflects a strong upward trend with a 3.8% increase of home values in the past year. Right now the median home value in the Oklahoma City Metro is $115,800 according to Zillow compared with the national average of $205,000. Zillow predicts the median home values in our area will continue to rise another 1.7% during 2014. According to the five year forecast generated by The City of Oklahoma City, The city continues to sustain its positive growth and momentum as it the labor force and weekly earnings grow by double digits. Ongoing development in the city center continues to attract both expanding and relocating businesses. With all the influx of jobs, businesses and growth, the housing industry continues to grow in the Metro providing much needed housing for individuals and families in the area. This is the time to consider making home ownership a reality. You don't want to be looking back in a couple of years saying, "you wish you had done." If you'd like more information on owning a home let us know. We have great locations all over the Oklahoma City Metro area. So hop of the fence and come out and visit an Ideal Home community today.