5 February 2005
Moving on up
Last year, says the Oklahoma City Metro Association of Realtors, 19,284 homes were sold in the metro area, the highest number anyone can remember, and up about 10 percent from the previous year. The average price was $125,860, up 6.6 percent; the median price (half cost more, half cost less) was $106,383, up 6.8 percent.
Nationwide, sales of new homes set a record high.
I'm not sure how long this will last sooner or later, rising interest rates will start to show up in mortgage rates but for now, it's one heck of a ride, and homes in my neighborhood are approaching $75 a square foot, a figure which would have seemed utterly implausible two years ago.Posted at 3:18 AM to City Scene