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Real Estate Guide 2007
Analysis by region
National statistics are meaningful, but in real estate "location, location, location" means local trends trump all.
City overview
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Oklahoma City
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Homes prices remain below the national average in this city, which became the cornerstone of America's heartland after the deadly 1995 bombing of the Alfred P. Murrah Federal Building. Prices are steadily rising, with the city not experiencing drastic increases that had led to problems elsewhere around the country.
4th quarter 2006: $123,700
Median price 4th qtr 2005: $115,500
% change: 7.1%
Projected avg price end of 2007: $149,930
Current avg 30-year fixed rate: 5.81%
Current avg 5/1 ARM rate 5.61%
*Affordability rating: 5.3
Foreclosures in Jan. 2006:
(1 for every 574 households)
823
Foreclosures in Jan. 2007:
(1 for every 678 households)
696
Change in foreclosures: -15.43
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Current rate comparison:
» Click here for state vs national rates
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Key market events
 
Key market map
Dec. '05: Median price $115,500
Jan. '06: 30-yr fixed rate at year's low 6.10%
June '06: National median home price $227,100
June '06: Fed makes last of 17 rate hikes
July '06: 30-yr fixed rate at year's high 6.80%
Dec. '06: Median price rises 7.1% to $123,700
Jan. '07: National median home price: $210,600
-- Posted: March 8, 2007


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Mortgages
Compare today's rates
NATIONAL OVERNIGHT AVERAGES
30 yr fixed mtg 4.21%
15 yr fixed mtg 3.27%
5/1 ARM 3.51%
Rates may include points
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