Oklahoma City, OK (PRWEB) April 16, 2014
Home prices in Oklahoma City continue to rise steadily at the close of the first quarter and inventory levels remain low, reports the leading Oklahoma City Realtors that make up the Tom Hall Group. The group urges would-be sellers to take advantage of current market conditions and to seriously consider putting their property up for sale in the near future.
“The demand is there, but right now there’s still a limited amount of supply,” says Realtor Tom Hall, the group’s founder and one of the most prominent real estate professionals in the region. “If you’ve been considering listing your home in Oklahoma City, OK, there’s no better time than now to finally get off the fence.”
Recently named one of the “U.S. housing markets to watch in 2014” by Fortune magazine, Oklahoma City’s real estate market has lost only 1 percent of its value since it peaked in 2009. According to popular online real estate database Zillow, the city currently has a median home value of $115,700, which is projected to rise 1.7 percent within the next year. The city, which was also ranked #7 in Forbes magazine’s “Where to invest in 2014” list, has a 3-year growth forecast of 16 percent.
“Since our housing market didn’t really experience a bubble, we’ve never had to make drastic price adjustments in Oklahoma City,” adds Hall. “We probably have one of the most stable markets in the country and we also have an unemployment rate that’s lower than the national average and excellent prospects for job growth. So if you’re thinking about selling your home here, now’s the time to read up on how to find a real estate agent and get your property ready for showing.”
For more updates on the housing market in the Oklahoma City area and to learn more about the Tom Hall Group’s services, visit http://www.HomeBuyingOKC.com or get in touch with Tom Hall directly.