Two homes in Sequoyah Hills transfered ownership in January.  The average price per square foot for these transactions was $95.  In 2011 only one home closed in the month of January with a price per square foot of $80.

Don't let these January prices get you down - it's one of the worst months of the year, along with December and August, as far as volume goes, and typically when volume is down, prices dip.  All the homes represented in the last couple of Januarys could be classified as "fixer uppers", so it's not unusual for the prices to reflect their condition.

That being said, things seem to be picking up - traffic has increased somewhat in February and listings are starting to go "under contract".  We're still in the sweet spot of low interest rates and reduced prices, and this can't last forever.  At some point in time, rates will begin to climb.  If you're in the market to buy, you haven't missed your opportunity - give us a call and we'll be happy to help you find the perfect home!

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