Good Thing You're
in Enid

While home values around the country have risen and fallen dramatically in
recent years, Oklahoma’s real estate has avoided these sharp increases and
declines. Slow and steady is how we’ve come out on top in this race.

Watch the Good Thing You're in Oklahoma TV commercial:

Enid residential real estate bucked the national trend in both home values and
sales volume in ’07. The average sales price for an existing home in Enid rose by 3.25 percent last year, from $100,939 in 2006 to $104,217 in 2007.

Statewide, the average sales price for an existing home in Oklahoma increased by 4.24 percent in 2007, from $143,669 in 2006 to $149,758 in 2007.

Since 2002, the average sales price of an existing home in Enid has risen by an average of 6.48 percent per year. The average sales price for an existing home in Enid in 2007 reflects almost a 37 percent increase from the 2002 average sales price for an existing home of $76,122.

“While the real estate industry in some parts of the country is facing some serious challenges, today’s report underscores the fact that home ownership throughout Oklahoma continues to be an affordable, stable and secure investment,” said Tammy McCullar, OAR president. “Our ‘Good Thing
You’re in Oklahoma’ campaign is designed to present the facts about the Oklahoma housing market, which remains an affordable, stable and secure source of value as a long-term investment.”

“Comparing our local board and statewide reports to the national picture is a great reminder that real estate is local,” said McCullar. “It’s also a reinforcement of OAR’s belief that Oklahoma is one of the most affordable states to live and work in and that our outlook for the coming year should be as positive as ever.”

Read more Good Thing You're in Oklahoma articles.

Information provided by OAR, the Oklahoma Association of REALTORS®, a professional trade association that represents nearly 11,000 of Oklahoma’s real estate professionals involved in all aspects of the real estate industry.

The term REALTOR® is a registered trademark, which identifies real estate professionals who subscribe and adhere to a strict code of ethics as members of the National Association of REALTORS®. These REALTORS® are also members of OAR as well as their local board or association of REALTORS®, including the more than 130 real estate professionals who are members of the Enid Board of REALTORS®

EMAR
Enid Metro Association of REALTORS®

215-B Kenwood • Enid, OK 73701
580-242-1670

© 2006-2008 Enid Metro Association of REALTORS®
This information is deemed reliable, but not guaranteed.

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